Frank Rimerman Advisors LLC Sells 15,614 Shares of KB Financial Group Inc. (NYSE:KB)

Frank Rimerman Advisors LLC lowered its stake in KB Financial Group Inc. (NYSE:KB) by 81.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,530 shares of the bank’s stock after selling 15,614 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in KB Financial Group were worth $201,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Commonwealth Equity Services LLC bought a new position in KB Financial Group in the fourth quarter valued at approximately $222,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in KB Financial Group by 4.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 815,893 shares of the bank’s stock valued at $46,424,000 after buying an additional 36,394 shares in the last quarter. HighTower Advisors LLC bought a new position in KB Financial Group in the fourth quarter valued at approximately $933,000. Generali Investments CEE investicni spolecnost a.s. bought a new position in KB Financial Group in the fourth quarter valued at approximately $1,985,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in KB Financial Group in the fourth quarter valued at approximately $1,397,000. Institutional investors own 11.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. StockNews.com upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a report 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

NYSE KB opened at $55.33 on Tuesday. 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 12-month low of $45.59 and a 12-month high of $72.89. The company has a market capitalization of $21.77 billion, a PE ratio of 6.45, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99. The firm’s 50 day moving average is $58.24 and its 200-day moving average is $61.79.

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