O Shaughnessy Asset Management LLC Sells 3,052 Shares of KB Financial Group Inc. (NYSE:KB)

O Shaughnessy Asset Management LLC reduced its stake in KB Financial Group Inc. (NYSE:KB) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 128,557 shares of the bank’s stock after selling 3,052 shares during the period. O Shaughnessy Asset Management LLC’s holdings in KB Financial Group were worth $7,315,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in KB. SG Americas Securities LLC bought a new position in KB Financial Group during the fourth quarter worth about $856,000. FMR LLC raised its position in shares of KB Financial Group by 121.6% in the 3rd quarter. FMR LLC now owns 33,642 shares of the bank’s stock valued at $2,077,000 after acquiring an additional 18,459 shares during the period. Blue Trust Inc. boosted its stake in KB Financial Group by 30.5% during the 4th quarter. Blue Trust Inc. now owns 36,868 shares of the bank’s stock worth $2,277,000 after acquiring an additional 8,625 shares during the last quarter. Stifel Financial Corp grew its holdings in KB Financial Group by 1.5% during the third quarter. Stifel Financial Corp now owns 21,371 shares of the bank’s stock valued at $1,320,000 after purchasing an additional 308 shares during the period. Finally, Optas LLC bought a new stake in KB Financial Group in the fourth quarter valued at approximately $261,000. 11.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on KB shares. Morgan Stanley raised shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th. StockNews.com lowered KB Financial Group from a “buy” rating to a “hold” rating in a report on Friday, March 21st.

KB Financial Group Price Performance

Shares of KB opened at $54.66 on Wednesday. The stock has a 50 day simple moving average of $57.09 and a 200 day simple moving average of $61.25. KB Financial Group Inc. has a 52-week low of $45.59 and a 52-week high of $72.89. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market capitalization of $21.51 billion, a PE ratio of 6.37, a P/E/G ratio of 0.52 and a beta of 0.99.

KB Financial Group (NYSE:KB) last released its quarterly earnings results on Wednesday, March 5th. The bank reported $1.21 earnings per share for the quarter. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. The company had revenue of $2.94 billion during the quarter. Sell-side analysts predict that KB Financial Group Inc. will post 8.87 EPS for the current fiscal year.

KB Financial Group Profile

KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.