Paradigm Asset Management Co. LLC lessened its stake in shares of KB Financial Group Inc. (NYSE:KB - Free Report) by 95.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 600 shares of the bank's stock after selling 13,300 shares during the period. Paradigm Asset Management Co. LLC's holdings in KB Financial Group were worth $34,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KB. Wilmington Savings Fund Society FSB bought a new stake in shares of KB Financial Group in the third quarter valued at approximately $35,000. Venturi Wealth Management LLC boosted its position in shares of KB Financial Group by 2,427.9% in the third quarter. Venturi Wealth Management LLC now owns 1,087 shares of the bank's stock valued at $67,000 after acquiring an additional 1,044 shares during the period. Drive Wealth Management LLC bought a new stake in shares of KB Financial Group in the third quarter valued at approximately $219,000. Glenmede Trust Co. NA bought a new stake in shares of KB Financial Group in the third quarter valued at approximately $236,000. Finally, Optas LLC bought a new stake in shares of KB Financial Group in the fourth quarter valued at approximately $261,000. Institutional investors and hedge funds own 11.52% of the company's stock.
Several research analysts recently commented on the company. StockNews.com raised KB Financial Group from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Morgan Stanley raised KB Financial Group from an "equal weight" rating to an "overweight" rating in a research report on Thursday, December 12th.
Get Our Latest Research Report on KB Financial Group
Shares of KB stock opened at $57.22 on Friday. The stock has a market cap of $22.52 billion, a P/E ratio of 6.67, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99. KB Financial Group Inc. has a one year low of $45.59 and a one year high of $72.89. The stock has a fifty day moving average price of $59.37 and a 200 day moving average price of $62.76. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66.
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.
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