Polen Capital Management LLC Has $827,000 Stake in KB Financial Group Inc. (NYSE:KB)

Polen Capital Management LLC cut its stake in KB Financial Group Inc. (NYSE:KB) by 81.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,529 shares of the bank’s stock after selling 63,738 shares during the quarter. Polen Capital Management LLC’s holdings in KB Financial Group were worth $827,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of KB. Hudson Edge Investment Partners Inc. grew its position in KB Financial Group by 5.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank’s stock worth $198,000 after purchasing an additional 168 shares in the last quarter. Candriam S.C.A. boosted its stake in shares of KB Financial Group by 1.9% in the 4th quarter. Candriam S.C.A. now owns 10,679 shares of the bank’s stock worth $608,000 after buying an additional 200 shares during the last quarter. Centiva Capital LP grew its holdings in shares of KB Financial Group by 6.0% in the third quarter. Centiva Capital LP now owns 5,034 shares of the bank’s stock valued at $311,000 after acquiring an additional 283 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of KB Financial Group by 2.4% during the fourth quarter. QRG Capital Management Inc. now owns 12,269 shares of the bank’s stock valued at $698,000 after acquiring an additional 284 shares during the last quarter. Finally, Henry James International Management Inc. lifted its holdings in KB Financial Group by 0.5% during the fourth quarter. Henry James International Management Inc. now owns 63,039 shares of the bank’s stock worth $3,587,000 after acquiring an additional 293 shares during the period. Institutional investors own 11.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. StockNews.com upgraded KB Financial Group from a “hold” rating to a “buy” rating in a research note on Thursday, March 13th. Morgan Stanley upgraded shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a report on Thursday, December 12th.

KB Financial Group Price Performance

KB Financial Group stock opened at $55.33 on Tuesday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29. The business’s 50 day simple moving average is $58.24 and its 200 day simple moving average is $61.79. KB Financial Group Inc. has a 12 month low of $45.59 and a 12 month high of $72.89. The company has a market cap of $21.77 billion, a price-to-earnings ratio of 6.45, a PEG ratio of 0.52 and a beta of 0.99.

KB Financial Group (NYSE:KB) last issued its quarterly earnings results on Wednesday, March 5th. The bank reported $1.21 EPS for the quarter. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. The firm had revenue of $2.94 billion for the quarter. Sell-side analysts forecast that KB Financial Group Inc. will post 8.87 EPS for the current year.

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.