KB Financial Group Inc. (NYSE:KB) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC reduced its stake in shares of KB Financial Group Inc. (NYSE:KB) by 6.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,125 shares of the bank’s stock after selling 326 shares during the quarter. Confluence Investment Management LLC’s holdings in KB Financial Group were worth $292,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of 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 worth $48,134,000 after buying an additional 145,861 shares during the last quarter. American Century Companies Inc. raised its position in KB Financial Group by 7.1% during the second quarter. American Century Companies Inc. now owns 511,542 shares of the bank’s stock worth $28,958,000 after acquiring an additional 33,900 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings 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 purchasing an additional 56,400 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of KB Financial Group by 3.9% in the second quarter. Acadian Asset Management LLC now owns 267,625 shares of the bank’s stock valued at $15,146,000 after purchasing an additional 10,014 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of KB Financial Group by 4.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 165,691 shares of the bank’s stock worth $9,380,000 after purchasing an additional 7,809 shares in the last quarter. 11.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KB has been the topic of a number of recent research reports. StockNews.com raised KB Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Morgan Stanley raised KB Financial Group from an “equal weight” rating to an “overweight” rating in a research note on Thursday, December 12th.

KB Financial Group Trading Up 1.2 %

Shares of KB Financial Group stock opened at $57.54 on Friday. KB Financial Group Inc. has a fifty-two week low of $36.57 and a fifty-two week high of $72.89. The business’s fifty day moving average is $63.54 and its two-hundred day moving average is $62.82. 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 $22.64 billion, a PE ratio of 6.71, a P/E/G ratio of 0.52 and a beta of 0.99.

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.