Cerity Partners LLC Sells 5,663 Shares of KB Financial Group Inc. (NYSE:KB)

Cerity Partners LLC lowered its holdings in shares of KB Financial Group Inc. (NYSE:KB) by 16.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,471 shares of the bank’s stock after selling 5,663 shares during the quarter. Cerity Partners LLC’s holdings in KB Financial Group were worth $1,648,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of KB. Wilmington Savings Fund Society FSB bought a new position in shares of KB Financial Group during the 3rd quarter worth approximately $35,000. Hudson Edge Investment Partners Inc. increased its position in KB Financial Group by 5.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank’s stock worth $198,000 after buying an additional 168 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in KB Financial Group in the 4th quarter valued at $222,000. Optas LLC acquired a new position in KB Financial Group in the 4th quarter valued at about $261,000. Finally, Banque Pictet & Cie SA acquired a new position in shares of KB Financial Group in the fourth quarter valued at approximately $283,000. Institutional investors own 11.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered KB Financial Group from a “buy” rating to a “hold” rating in a research note on Thursday, April 10th.

KB Financial Group Stock Performance

KB Financial Group stock opened at $55.63 on Thursday. The company has a market capitalization of $21.89 billion, a P/E ratio of 6.48, a P/E/G ratio of 0.52 and a beta of 0.92. The business has a 50 day moving average of $54.62 and a 200-day moving average of $60.36. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66. KB Financial Group Inc. has a 1 year low of $45.59 and a 1 year high of $72.89.

KB Financial Group (NYSE:KB) last announced its quarterly earnings data on Wednesday, March 5th. The bank reported $1.21 earnings per share (EPS) for the quarter. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. The company had revenue of $2.94 billion for the quarter. On average, equities research analysts predict that KB Financial Group Inc. will post 8.87 earnings per share for the current year.

About KB Financial Group

KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.