Wellington Management Group LLP Sells 1,368 Shares of KB Financial Group Inc. (NYSE:KB)

Wellington Management Group LLP lessened its position in KB Financial Group Inc. (NYSE:KB) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 81,117 shares of the bank’s stock after selling 1,368 shares during the period. Wellington Management Group LLP’s holdings in KB Financial Group were worth $3,356,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of KB. Tucker Asset Management LLC bought a new stake in shares of KB Financial Group in the 4th quarter valued at $68,000. CWM LLC raised its position in shares of KB Financial Group by 12.4% during the fourth quarter. CWM LLC now owns 2,409 shares of the bank’s stock worth $100,000 after purchasing an additional 265 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of KB Financial Group by 47.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,490 shares of the bank’s stock worth $103,000 after purchasing an additional 805 shares during the period. Barometer Capital Management Inc. bought a new position in shares of KB Financial Group during the 4th quarter valued at about $120,000. Finally, Shelton Capital Management acquired a new position in shares of KB Financial Group in the 3rd quarter valued at approximately $201,000. 11.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of KB Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th.

KB Financial Group Price Performance

Shares of NYSE KB opened at $56.61 on Monday. The company has a fifty day moving average price of $56.10 and a 200 day moving average price of $49.90. The firm has a market cap of $22.84 billion, a PE ratio of 7.07, a PEG ratio of 0.42 and a beta of 1.01. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 2.25. KB Financial Group Inc. has a 1-year low of $35.20 and a 1-year high of $60.14.

KB Financial Group (NYSE:KB) last issued its quarterly earnings results on Thursday, May 16th. The bank reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.07. KB Financial Group had a return on equity of 6.97% and a net margin of 11.65%. The company had revenue of $3.64 billion for the quarter. Research analysts predict that KB Financial Group Inc. will post 9.23 earnings per share for the current fiscal year.

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.