Trinity Street Asset Management LLP Sells 10,016 Shares of KB Financial Group Inc. (NYSE:KB)

Trinity Street Asset Management LLP decreased its position in shares of KB Financial Group Inc. (NYSE:KB) by 3.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 243,647 shares of the bank’s stock after selling 10,016 shares during the period. KB Financial Group accounts for about 1.4% of Trinity Street Asset Management LLP’s investment portfolio, making the stock its 14th largest position. Trinity Street Asset Management LLP’s holdings in KB Financial Group were worth $13,864,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in 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 worth $48,134,000 after buying an additional 145,861 shares during the period. Teachers Retirement System of The State of Kentucky lifted its position in shares of KB Financial Group by 15.2% in the third 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 acquiring an additional 56,400 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of KB Financial Group by 4.9% in the second quarter. Envestnet Asset Management Inc. now owns 165,691 shares of the bank’s stock worth $9,380,000 after acquiring an additional 7,809 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of KB Financial Group during the third quarter worth about $7,291,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in KB Financial Group by 46.6% during the 3rd 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 purchasing an additional 29,850 shares during the period. Hedge funds and other institutional investors own 11.52% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on KB shares. StockNews.com upgraded KB Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Morgan Stanley upgraded shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th.

KB Financial Group Trading Down 1.0 %

Shares of KB Financial Group stock opened at $61.26 on Friday. KB Financial Group Inc. has a twelve month low of $36.73 and a twelve month high of $72.89. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. The business has a 50-day moving average price of $62.16 and a 200-day moving average price of $63.07. The firm has a market cap of $24.11 billion, a price-to-earnings ratio of 7.14, a PEG ratio of 0.45 and a beta of 0.99.

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.