Franklin Resources Inc. Trims Stock Position in KB Financial Group Inc. (NYSE:KB)

Franklin Resources Inc. decreased its position in KB Financial Group Inc. (NYSE:KB) by 11.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 249,477 shares of the bank’s stock after selling 32,277 shares during the period. Franklin Resources Inc. owned 0.06% of KB Financial Group worth $15,405,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BOCHK Asset Management Ltd purchased a new position in KB Financial Group during the 3rd quarter valued at about $25,000. Wilmington Savings Fund Society FSB bought a new position in shares of KB Financial Group during the third quarter valued at approximately $35,000. Benjamin F. Edwards & Company Inc. increased its holdings in KB Financial Group by 66.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 779 shares of the bank’s stock valued at $44,000 after buying an additional 310 shares during the period. Venturi Wealth Management LLC raised its stake in KB Financial Group by 2,427.9% in the third quarter. Venturi Wealth Management LLC now owns 1,087 shares of the bank’s stock worth $67,000 after buying an additional 1,044 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in KB Financial Group by 36.9% during the third quarter. GAMMA Investing LLC now owns 1,279 shares of the bank’s stock worth $79,000 after buying an additional 345 shares during the period. Institutional investors own 11.52% of the company’s stock.

KB Financial Group Trading Down 0.2 %

NYSE:KB opened at $59.08 on Friday. The stock has a market capitalization of $23.25 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 0.53 and a beta of 0.96. KB Financial Group Inc. has a 52 week low of $36.57 and a 52 week 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 firm has a 50 day moving average of $65.67 and a 200 day moving average of $62.74.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Morgan Stanley upgraded KB Financial Group from an “equal weight” rating to an “overweight” rating in a report on Thursday, December 12th. StockNews.com upgraded KB Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th.

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.