Trinity Street Asset Management LLP Lowers Holdings in KB Financial Group Inc. (NYSE:KB)

Trinity Street Asset Management LLP reduced its stake in KB Financial Group Inc. (NYSE:KB) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 243,647 shares of the bank’s stock after selling 10,016 shares during the period. KB Financial Group makes up 1.4% of Trinity Street Asset Management LLP’s portfolio, making the stock its 14th biggest position. Trinity Street Asset Management LLP owned approximately 0.06% of KB Financial Group worth $13,864,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of KB. Connor Clark & Lunn Investment Management Ltd. grew its position in KB Financial Group by 23.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 779,499 shares of the bank’s stock valued at $48,134,000 after purchasing an additional 145,861 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of KB Financial Group by 15.2% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 426,430 shares of the bank’s stock valued at $26,332,000 after buying an additional 56,400 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of KB Financial Group by 4.9% during the second quarter. Envestnet Asset Management Inc. now owns 165,691 shares of the bank’s stock valued at $9,380,000 after buying an additional 7,809 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of KB Financial Group during the third quarter valued at approximately $7,291,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in KB Financial Group by 46.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 93,850 shares of the bank’s stock worth $5,795,000 after acquiring an additional 29,850 shares during the last quarter. 11.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Morgan Stanley upgraded KB Financial Group from an “equal weight” rating to an “overweight” rating in a research note on Thursday, December 12th. StockNews.com raised KB Financial Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th.

KB Financial Group Trading Down 1.0 %

KB Financial Group stock opened at $61.26 on Friday. The business has a 50-day simple moving average of $62.16 and a two-hundred day simple moving average of $63.07. KB Financial Group Inc. has a 52-week low of $36.73 and a 52-week high of $72.89. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. The company has a market cap of $24.11 billion, a P/E ratio of 7.14, a P/E/G ratio of 0.45 and a beta of 0.99.

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.