KB Financial Group Inc (NYSE:KB) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its position in shares of KB Financial Group Inc (NYSE:KB) by 1.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,700 shares of the bank’s stock after selling 170 shares during the quarter. PNC Financial Services Group Inc.’s holdings in KB Financial Group were worth $633,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in KB. Wealth Enhancement Advisory Services LLC grew its position in KB Financial Group by 8.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 26,348 shares of the bank’s stock worth $1,426,000 after buying an additional 2,135 shares during the period. QRG Capital Management Inc. grew its position in KB Financial Group by 9.2% during the first quarter. QRG Capital Management Inc. now owns 13,395 shares of the bank’s stock worth $725,000 after buying an additional 1,126 shares during the period. Perigon Wealth Management LLC acquired a new position in KB Financial Group during the first quarter worth about $214,000. Deutsche Bank AG acquired a new position in KB Financial Group during the fourth quarter worth about $1,149,000. Finally, Victory Capital Management Inc. grew its position in KB Financial Group by 27.3% during the first quarter. Victory Capital Management Inc. now owns 15,620 shares of the bank’s stock worth $845,000 after buying an additional 3,345 shares during the period. 11.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday.

KB Financial Group Trading Up 3.0%

Shares of KB opened at $83.47 on Wednesday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.40. The firm’s 50-day moving average is $81.87 and its two-hundred day moving average is $67.27. KB Financial Group Inc has a twelve month low of $46.38 and a twelve month high of $92.39. The firm has a market capitalization of $31.84 billion, a P/E ratio of 8.10, a PEG ratio of 0.62 and a beta of 1.06.

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.