KB Financial Group Inc (KB) Stake Lessened by Royal Bank of Canada

Royal Bank of Canada lessened its stake in shares of KB Financial Group Inc (NYSE:KB) by 92.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,954 shares of the bank’s stock after selling 340,157 shares during the quarter. Royal Bank of Canada’s holdings in KB Financial Group were worth $1,311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in KB. BNP Paribas Arbitrage SA boosted its holdings in shares of KB Financial Group by 75.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,080 shares of the bank’s stock valued at $156,000 after acquiring an additional 1,321 shares during the last quarter. Advisor Group Inc. boosted its holdings in shares of KB Financial Group by 45.2% during the 2nd quarter. Advisor Group Inc. now owns 4,401 shares of the bank’s stock valued at $220,000 after acquiring an additional 1,370 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of KB Financial Group during the 1st quarter valued at about $242,000. Eagle Asset Management Inc. boosted its holdings in shares of KB Financial Group by 11.2% during the 2nd quarter. Eagle Asset Management Inc. now owns 7,121 shares of the bank’s stock valued at $359,000 after acquiring an additional 715 shares during the last quarter. Finally, Atria Investments LLC purchased a new stake in shares of KB Financial Group during the 2nd quarter valued at about $405,000. 5.68% of the stock is currently owned by hedge funds and other institutional investors.

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A number of analysts have recently issued reports on the stock. BidaskClub downgraded shares of KB Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Zacks Investment Research downgraded shares of KB Financial Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 20th. Finally, J P Morgan Chase & Co initiated coverage on shares of KB Financial Group in a report on Wednesday, August 9th. They issued an “overweight” rating on the stock.

About KB Financial Group

KB Financial Group Inc is a financial holding company in Korea. The Company’s operations include Kookmin Bank, a commercial bank in Korea. The Company operates through six business segments: retail banking operations, corporate banking operations, other banking operations, credit card operations, investment and securities operations, and life insurance operations.

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

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