Todd Asset Management LLC Trims Stake in KB Financial Group Inc. (NYSE:KB)

Todd Asset Management LLC reduced its position in KB Financial Group Inc. (NYSE:KB) by 0.4% in the 4th quarter, Holdings Channel reports. The firm owned 702,750 shares of the bank’s stock after selling 2,785 shares during the period. Todd Asset Management LLC’s holdings in KB Financial Group were worth $39,986,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in KB. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of KB Financial Group by 23.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 779,499 shares of the bank’s stock valued at $48,134,000 after purchasing an additional 145,861 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of KB Financial Group in the 3rd quarter valued at about $7,291,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of KB Financial Group in the 3rd quarter valued at about $3,516,000. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of KB Financial Group by 15.2% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 426,430 shares of the bank’s stock valued at $26,332,000 after purchasing an additional 56,400 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in shares of KB Financial Group by 576.3% in the 4th quarter. Yousif Capital Management LLC now owns 41,191 shares of the bank’s stock valued at $2,344,000 after purchasing an additional 35,100 shares during the last quarter. 11.52% of the stock is owned by hedge funds and other institutional investors.

KB Financial Group Stock Performance

KB opened at $57.04 on Tuesday. KB Financial Group Inc. has a 1-year low of $45.59 and a 1-year high of $72.89. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66. The stock’s 50 day simple moving average is $59.37 and its 200 day simple moving average is $62.82. The stock has a market cap of $22.45 billion, a P/E ratio of 6.65, a P/E/G ratio of 0.52 and a beta of 0.99.

Analyst Ratings Changes

KB has been the topic of several recent research reports. Morgan Stanley upgraded KB Financial Group from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th. StockNews.com upgraded KB Financial Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th.

KB Financial Group Company 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.