James Investment Research Inc. Sells 3,150 Shares of KB Financial Group, Inc. (KB)

James Investment Research Inc. cut its stake in shares of KB Financial Group, Inc. (NYSE:KB) by 17.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 14,750 shares of the bank’s stock after selling 3,150 shares during the period. James Investment Research Inc.’s holdings in KB Financial Group were worth $863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Simplex Trading LLC lifted its holdings in shares of KB Financial Group by 1,773.8% during the third quarter. Simplex Trading LLC now owns 3,654 shares of the bank’s stock worth $179,000 after purchasing an additional 3,459 shares during the period. Advisor Group Inc. lifted its holdings in shares of KB Financial Group by 45.2% during the second quarter. Advisor Group Inc. now owns 4,401 shares of the bank’s stock worth $220,000 after purchasing an additional 1,370 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of KB Financial Group by 67.1% during the third quarter. BNP Paribas Arbitrage SA now owns 5,148 shares of the bank’s stock worth $252,000 after purchasing an additional 2,068 shares during the period. Jane Street Group LLC acquired a new stake in shares of KB Financial Group during the third quarter worth $286,000. Finally, Eagle Asset Management Inc. lifted its holdings in shares of KB Financial Group by 15.7% during the third quarter. Eagle Asset Management Inc. now owns 8,238 shares of the bank’s stock worth $405,000 after purchasing an additional 1,117 shares during the period. 5.92% of the stock is owned by hedge funds and other institutional investors.

Shares of KB Financial Group, Inc. (NYSE:KB) opened at $62.07 on Friday. KB Financial Group, Inc. has a fifty-two week low of $40.46 and a fifty-two week high of $63.96. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market capitalization of $25,130.86 and a price-to-earnings ratio of 9.73.

Several brokerages recently weighed in on KB. Zacks Investment Research raised KB Financial Group from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Friday, January 26th. TheStreet downgraded KB Financial Group from a “b-” rating to a “c” rating in a report on Monday, November 27th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $71.00.

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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.

Want to see what other hedge funds are holding KB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KB Financial Group, Inc. (NYSE:KB).

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

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