SVB Wealth LLC Has $246,000 Position in KB Financial Group Inc. (NYSE:KB)

SVB Wealth LLC reduced its holdings in KB Financial Group Inc. (NYSE:KB) by 11.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,955 shares of the bank’s stock after selling 734 shares during the quarter. SVB Wealth LLC’s holdings in KB Financial Group were worth $246,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in KB. Allworth Financial LP grew its position in shares of KB Financial Group by 125.1% in the third quarter. Allworth Financial LP now owns 1,166 shares of the bank’s stock valued at $48,000 after purchasing an additional 648 shares during the last quarter. CWM LLC grew its position in KB Financial Group by 18.9% during the third quarter. CWM LLC now owns 2,144 shares of the bank’s stock worth $88,000 after buying an additional 341 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in KB Financial Group by 47.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,490 shares of the bank’s stock worth $103,000 after buying an additional 805 shares in the last quarter. Quantbot Technologies LP acquired a new stake in KB Financial Group during the third quarter worth about $179,000. Finally, Shelton Capital Management acquired a new stake in KB Financial Group during the third quarter worth about $201,000. 11.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised KB Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 13th.

KB Financial Group Stock Up 7.9 %

KB stock opened at $49.87 on Tuesday. KB Financial Group Inc. has a twelve month low of $35.20 and a twelve month high of $58.52. The company has a market cap of $20.12 billion, a PE ratio of 5.65, a price-to-earnings-growth ratio of 0.37 and a beta of 1.03. The business’s 50-day simple moving average is $50.98 and its 200 day simple moving average is $44.48. The company has a quick ratio of 1.69, a current ratio of 1.67 and a debt-to-equity ratio of 2.36.

KB Financial Group (NYSE:KB) last announced its quarterly earnings results on Wednesday, March 6th. The bank reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.21). The business had revenue of $3.54 billion for the quarter. KB Financial Group had a return on equity of 7.72% and a net margin of 12.94%. On average, research analysts anticipate that KB Financial Group Inc. will post 9.18 earnings per share for the current year.

KB Financial Group Profile

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.