Congress Wealth Management LLC DE Lowers Holdings in KB Financial Group Inc. (NYSE:KB)

Congress Wealth Management LLC DE reduced its stake in KB Financial Group Inc. (NYSE:KB) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,225 shares of the bank’s stock after selling 780 shares during the period. Congress Wealth Management LLC DE’s holdings in KB Financial Group were worth $696,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of KB Financial Group during the fourth quarter valued at $7,301,000. Public Employees Retirement System of Ohio purchased a new position in KB Financial Group in the 3rd quarter worth about $7,291,000. Teachers Retirement System of The State of Kentucky lifted its stake in KB Financial Group by 15.2% during the 3rd 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 acquiring an additional 56,400 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of KB Financial Group by 4.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 815,893 shares of the bank’s stock valued at $46,424,000 after acquiring an additional 36,394 shares during the last quarter. Finally, Yousif Capital Management LLC grew its stake in shares of KB Financial Group by 576.3% in the fourth quarter. Yousif Capital Management LLC now owns 41,191 shares of the bank’s stock worth $2,344,000 after acquiring an additional 35,100 shares during the period. 11.52% of the stock is currently owned by institutional investors.

KB Financial Group Stock Down 3.3 %

NYSE KB opened at $53.32 on Friday. The stock’s 50-day moving average price is $57.40 and its 200-day moving average price is $61.32. The company has a market capitalization of $20.98 billion, a P/E ratio of 6.21, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. KB Financial Group Inc. has a 52 week low of $45.59 and a 52 week high of $72.89.

KB Financial Group (NYSE:KB) last announced its quarterly earnings data on Wednesday, March 5th. The bank reported $1.21 EPS for the quarter. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. The firm had revenue of $2.94 billion for the quarter. On average, equities research analysts predict that KB Financial Group Inc. will post 8.87 earnings per share for the current year.

Wall Street Analyst Weigh In

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

About KB Financial Group

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.