Pzena Investment Management LLC Cuts Stock Holdings in KB Financial Group Inc $KB

Pzena Investment Management LLC decreased its holdings in shares of KB Financial Group Inc (NYSE:KB) by 17.4% during the second quarter, HoldingsChannel reports. The firm owned 41,601 shares of the bank’s stock after selling 8,750 shares during the period. Pzena Investment Management LLC’s holdings in KB Financial Group were worth $3,436,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in shares of KB Financial Group in the 2nd quarter worth approximately $302,000. Vanguard Personalized Indexing Management LLC grew its position in shares of KB Financial Group by 18.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 51,141 shares of the bank’s stock worth $4,224,000 after buying an additional 7,864 shares during the last quarter. Johnson Investment Counsel Inc. purchased a new position in shares of KB Financial Group in the 2nd quarter worth approximately $226,000. PDS Planning Inc grew its position in shares of KB Financial Group by 4.3% in the 2nd quarter. PDS Planning Inc now owns 8,373 shares of the bank’s stock worth $692,000 after buying an additional 349 shares during the last quarter. Finally, Ramirez Asset Management Inc. grew its position in shares of KB Financial Group by 24.6% in the 2nd quarter. Ramirez Asset Management Inc. now owns 304,298 shares of the bank’s stock worth $25,132,000 after buying an additional 60,056 shares during the last quarter. Hedge funds and other institutional investors own 11.52% of the company’s stock.

KB Financial Group Stock Up 1.9%

NYSE:KB opened at $78.96 on Tuesday. The company has a market cap of $30.12 billion, a PE ratio of 7.59, a P/E/G ratio of 0.59 and a beta of 1.10. KB Financial Group Inc has a twelve month low of $46.38 and a twelve month high of $92.39. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 2.36. The company’s 50 day moving average is $81.31 and its two-hundred day moving average is $74.83.

KB Financial Group (NYSE:KB) last released its earnings results on Thursday, August 14th. The bank reported $3.16 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.01. The company had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.20 billion. KB Financial Group had a net margin of 16.16% and a return on equity of 9.79%. Analysts anticipate that KB Financial Group Inc will post 8.87 EPS for the current year.

KB Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were paid a dividend of $0.657 per share. This represents a $2.63 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, August 8th. KB Financial Group’s payout ratio is presently 20.37%.

Analyst Ratings Changes

KB has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, KB Financial Group has an average rating of “Buy”.

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.