Hsbc Holdings PLC Decreases Stock Holdings in KB Financial Group Inc $KB

Hsbc Holdings PLC lowered its stake in shares of KB Financial Group Inc (NYSE:KB) by 60.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,075 shares of the bank’s stock after selling 177,929 shares during the quarter. Hsbc Holdings PLC’s holdings in KB Financial Group were worth $9,790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Groupama Asset Managment raised its holdings in KB Financial Group by 1.8% in the fourth quarter. Groupama Asset Managment now owns 19,824 shares of the bank’s stock worth $1,706,000 after purchasing an additional 346 shares in the last quarter. DGS Capital Management LLC boosted its holdings in shares of KB Financial Group by 2.1% in the 4th quarter. DGS Capital Management LLC now owns 23,074 shares of the bank’s stock valued at $1,985,000 after buying an additional 475 shares in the last quarter. SG Trading Solutions LLC purchased a new position in shares of KB Financial Group in the 4th quarter worth approximately $563,000. Mcguire Capital Advisors Inc. bought a new position in shares of KB Financial Group during the 4th quarter worth approximately $85,000. Finally, Compound Planning Inc. raised its stake in shares of KB Financial Group by 4.2% during the 4th quarter. Compound Planning Inc. now owns 12,538 shares of the bank’s stock worth $1,079,000 after acquiring an additional 508 shares in the last quarter. Hedge funds and other institutional investors own 11.52% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wall Street Zen cut KB Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Weiss Ratings reissued a “buy (b)” rating on shares of KB Financial Group in a report on Wednesday. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

KB Financial Group Stock Performance

Shares of NYSE:KB opened at $98.50 on Friday. KB Financial Group Inc has a 1 year low of $76.31 and a 1 year high of $119.71. The firm has a market capitalization of $34.94 billion, a PE ratio of 8.84, a P/E/G ratio of 0.61 and a beta of 1.01. The business’s 50 day moving average price is $105.88 and its 200-day moving average price is $100.69. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.64 and a quick ratio of 1.64.

KB Financial Group (NYSE:KB) last issued its earnings results on Tuesday, March 31st. The bank reported $2.16 EPS for the quarter. The business had revenue of $3.49 billion during the quarter. KB Financial Group had a net margin of 17.36% and a return on equity of 9.99%. As a group, equities research analysts expect that KB Financial Group Inc will post 11.93 earnings per share for the current fiscal year.

KB Financial Group Company Profile

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.