Grantham Mayo Van Otterloo & Co. LLC Has $4.22 Million Stock Holdings in KB Financial Group Inc. (NYSE:KB)

Grantham Mayo Van Otterloo & Co. LLC reduced its stake in KB Financial Group Inc. (NYSE:KB) by 5.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 74,097 shares of the bank’s stock after selling 4,488 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in KB Financial Group were worth $4,216,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in KB Financial Group during the 3rd quarter worth approximately $35,000. Hudson Edge Investment Partners Inc. raised its stake 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 acquired a new position in KB Financial Group in the fourth quarter valued at $222,000. Optas LLC bought a new stake in KB Financial Group during the fourth quarter valued at $261,000. Finally, Banque Pictet & Cie SA acquired a new stake in KB Financial Group during the 4th quarter worth about $283,000. 11.52% of the stock is currently owned by institutional investors.

KB Financial Group Trading Down 3.5 %

KB opened at $49.86 on Tuesday. The company has a fifty day moving average price of $56.32 and a two-hundred day moving average price of $60.98. KB Financial Group Inc. has a 1-year low of $43.73 and a 1-year high of $72.89. The company has a market cap of $19.62 billion, a P/E ratio of 5.81, a price-to-earnings-growth ratio of 0.52 and a beta of 0.92. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.29.

KB Financial Group (NYSE:KB) last issued its earnings results on Wednesday, March 5th. The bank reported $1.21 EPS for the quarter. The business had revenue of $2.94 billion during the quarter. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. Analysts predict that KB Financial Group Inc. will post 8.87 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KB. StockNews.com raised KB Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, April 2nd. Morgan Stanley upgraded KB Financial Group from an “equal weight” rating to an “overweight” rating in a report on Thursday, December 12th.

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.