Dimensional Fund Advisors LP Sells 71,734 Shares of KB Financial Group Inc $KB

Dimensional Fund Advisors LP lessened its stake in shares of KB Financial Group Inc (NYSE:KB) by 2.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,509,789 shares of the bank’s stock after selling 71,734 shares during the period. Dimensional Fund Advisors LP’s holdings in KB Financial Group were worth $250,265,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in KB. AQR Capital Management LLC bought a new position in shares of KB Financial Group in the 1st quarter worth $300,000. Dynamic Technology Lab Private Ltd purchased a new stake in KB Financial Group in the 1st quarter valued at about $259,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in KB Financial Group by 53.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 96,650 shares of the bank’s stock worth $5,230,000 after acquiring an additional 33,650 shares during the period. Jane Street Group LLC grew its stake in KB Financial Group by 64.3% in the 1st quarter. Jane Street Group LLC now owns 26,136 shares of the bank’s stock valued at $1,414,000 after purchasing an additional 10,225 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of KB Financial Group by 66.4% during the 2nd quarter. Cetera Investment Advisers now owns 8,584 shares of the bank’s stock valued at $709,000 after purchasing an additional 3,425 shares during the last quarter. 11.52% of the stock is owned by institutional investors and hedge funds.

KB Financial Group Price Performance

Shares of NYSE:KB opened at $120.44 on Friday. The stock has a market cap of $42.72 billion, a PE ratio of 10.81, a PEG ratio of 0.79 and a beta of 1.01. KB Financial Group Inc has a 52 week low of $76.31 and a 52 week high of $125.62. The company’s fifty day moving average is $108.61 and its 200 day moving average is $104.76. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.47.

KB Financial Group (NYSE:KB) last posted its quarterly earnings results on Tuesday, March 31st. The bank reported $2.16 earnings per share (EPS) for the quarter. KB Financial Group had a return on equity of 9.99% and a net margin of 17.36%.The business had revenue of $3.49 billion for the quarter. Research analysts anticipate that KB Financial Group Inc will post 12.02 earnings per share for the current year.

Analysts Set New Price Targets

KB has been the topic of several research reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of KB Financial Group in a research report on Wednesday, July 1st. Weiss Ratings restated a “buy (b)” rating on shares of KB Financial Group in a research report on Wednesday, June 24th. Finally, Wall Street Zen lowered shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

About KB Financial Group

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.