Hsbc Holdings PLC Reduces Position in KB Financial Group, Inc. (KB)

Hsbc Holdings PLC lessened its holdings in KB Financial Group, Inc. (NYSE:KB) by 42.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,124 shares of the bank’s stock after selling 74,810 shares during the quarter. Hsbc Holdings PLC’s holdings in KB Financial Group were worth $4,203,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Franklin Resources Inc. raised its holdings in KB Financial Group by 15.6% in the 3rd quarter. Franklin Resources Inc. now owns 7,306,116 shares of the bank’s stock valued at $352,723,000 after buying an additional 987,646 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in KB Financial Group by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,388,176 shares of the bank’s stock valued at $211,837,000 after buying an additional 33,176 shares during the last quarter. Trinity Street Asset Management LLP raised its holdings in KB Financial Group by 1.2% in the 4th quarter. Trinity Street Asset Management LLP now owns 1,261,865 shares of the bank’s stock valued at $52,973,000 after buying an additional 14,843 shares during the last quarter. Wells Fargo & Company MN raised its holdings in KB Financial Group by 0.8% in the 3rd quarter. Wells Fargo & Company MN now owns 339,755 shares of the bank’s stock valued at $16,403,000 after buying an additional 2,772 shares during the last quarter. Finally, Federated Investors Inc. PA bought a new position in KB Financial Group in the 3rd quarter valued at approximately $9,506,000. Institutional investors and hedge funds own 6.12% of the company’s stock.

Separately, Zacks Investment Research downgraded shares of KB Financial Group from a “hold” rating to a “sell” rating in a research report on Wednesday, December 5th.

NYSE:KB opened at $38.80 on Friday. The company has a market cap of $14.87 billion, a price-to-earnings ratio of 5.22, a PEG ratio of 1.15 and a beta of 0.82. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.65 and a quick ratio of 1.65. KB Financial Group, Inc. has a fifty-two week low of $36.81 and a fifty-two week high of $59.23.

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KB Financial Group Profile

KB Financial Group Inc, a financial holding company, provides a range of banking and related financial services to consumers and corporations in South Korea and internationally. It operates through Corporate Banking, Retail Banking, Other Banking Services, Securities Business, Non-life Insurance Business, Credit Card Business, and Life Insurance Business segments.

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Institutional Ownership by Quarter for KB Financial Group (NYSE:KB)

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