Deltec Asset Management LLC Cuts Stock Position in KB Financial Group Inc. (NYSE:KB)

Deltec Asset Management LLC decreased its holdings in shares of KB Financial Group Inc. (NYSE:KB) by 14.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,400 shares of the bank’s stock after selling 7,200 shares during the period. Deltec Asset Management LLC’s holdings in KB Financial Group were worth $2,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ramirez Asset Management Inc. acquired a new position in shares of KB Financial Group during the third quarter valued at approximately $9,278,000. Envestnet Asset Management Inc. raised its stake in KB Financial Group by 80.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 156,399 shares of the bank’s stock valued at $6,430,000 after purchasing an additional 69,608 shares during the last quarter. Todd Asset Management LLC lifted its holdings in KB Financial Group by 13.0% in the 4th quarter. Todd Asset Management LLC now owns 591,498 shares of the bank’s stock valued at $24,470,000 after purchasing an additional 67,857 shares in the last quarter. Trinity Street Asset Management LLP boosted its stake in KB Financial Group by 3.1% during the 4th quarter. Trinity Street Asset Management LLP now owns 2,151,024 shares of the bank’s stock worth $88,988,000 after purchasing an additional 65,402 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of KB Financial Group by 27.0% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 272,730 shares of the bank’s stock worth $11,212,000 after buying an additional 58,000 shares in the last quarter. Hedge funds and other institutional investors own 11.52% of the company’s stock.

KB Financial Group Price Performance

KB traded up $0.77 during trading on Friday, reaching $56.61. The company’s stock had a trading volume of 201,724 shares, compared to its average volume of 163,881. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 2.25. The firm has a fifty day simple moving average of $56.10 and a two-hundred day simple moving average of $49.83. The company has a market cap of $22.84 billion, a price-to-earnings ratio of 7.07, a PEG ratio of 0.42 and a beta of 1.01. 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 announced its quarterly earnings data on Thursday, May 16th. The bank reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.07. The business had revenue of $3.64 billion for the quarter. KB Financial Group had a return on equity of 6.97% and a net margin of 11.65%. As a group, analysts anticipate that KB Financial Group Inc. will post 9.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of KB Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday.

KB Financial Group Company 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.