Atlas Capital Advisors Inc. Lowers Holdings in KB Financial Group Inc. (NYSE:KB)

Atlas Capital Advisors Inc. lowered its position in shares of KB Financial Group Inc. (NYSE:KB) by 15.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,188 shares of the bank’s stock after selling 1,688 shares during the period. Atlas Capital Advisors Inc.’s holdings in KB Financial Group were worth $523,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. FMR LLC increased its stake in shares of KB Financial Group by 121.6% during the third quarter. FMR LLC now owns 33,642 shares of the bank’s stock worth $2,077,000 after acquiring an additional 18,459 shares during the period. BNP Paribas Financial Markets increased its position in KB Financial Group by 23.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,319 shares of the bank’s stock worth $761,000 after purchasing an additional 2,337 shares during the period. Townsquare Capital LLC purchased a new position in shares of KB Financial Group during the 3rd quarter worth approximately $338,000. Glenmede Trust Co. NA acquired a new stake in shares of KB Financial Group in the 3rd quarter valued at approximately $236,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of KB Financial Group by 46.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 93,850 shares of the bank’s stock valued at $5,795,000 after buying an additional 29,850 shares in the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on KB shares. 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 shares of KB Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday.

KB Financial Group Price Performance

Shares of NYSE:KB opened at $51.57 on Friday. The firm has a market capitalization of $20.29 billion, a price-to-earnings ratio of 6.01, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99. 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 business’s 50 day simple moving average is $56.56 and its 200-day simple moving average is $61.08. KB Financial Group Inc. has a 12 month low of $45.59 and a 12 month high of $72.89.

KB Financial Group (NYSE:KB) last posted its earnings results on Wednesday, March 5th. The bank reported $1.21 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. As a group, equities analysts forecast that KB Financial Group Inc. will post 8.87 earnings per share for the current fiscal 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.