Paradigm Asset Management Co. LLC Has $34,000 Position in KB Financial Group Inc. (NYSE:KB)

Paradigm Asset Management Co. LLC reduced its stake in shares of KB Financial Group Inc. (NYSE:KB) by 95.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 600 shares of the bank’s stock after selling 13,300 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in KB Financial Group were worth $34,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of KB Financial Group by 23.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 779,499 shares of the bank’s stock valued at $48,134,000 after buying an additional 145,861 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of KB Financial Group in the third quarter valued at $7,291,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of KB Financial Group in the third quarter valued at $3,516,000. Teachers Retirement System of The State of Kentucky increased its stake in shares of KB Financial Group by 15.2% in 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 in the last quarter. Finally, Yousif Capital Management LLC increased 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 valued at $2,344,000 after buying an additional 35,100 shares in the last quarter. 11.52% of the stock is currently owned by institutional investors and hedge funds.

KB Financial Group Price Performance

Shares of KB stock opened at $57.22 on Friday. The stock has a 50-day moving average price of $59.37 and a 200 day moving average price of $62.76. 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 firm has a market cap of $22.52 billion, a price-to-earnings ratio of 6.67, a PEG ratio of 0.52 and a beta of 0.99. KB Financial Group Inc. has a 12 month low of $45.59 and a 12 month high of $72.89.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KB. StockNews.com upgraded KB Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Morgan Stanley upgraded KB Financial Group from an “equal weight” rating to an “overweight” rating in a research note 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.