Sanctuary Advisors LLC Sells 4,894 Shares of KB Financial Group Inc $KB

Sanctuary Advisors LLC reduced its position in shares of KB Financial Group Inc (NYSE:KB) by 33.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,856 shares of the bank’s stock after selling 4,894 shares during the period. Sanctuary Advisors LLC’s holdings in KB Financial Group were worth $983,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Bell Investment Advisors Inc increased its position in KB Financial Group by 29.3% during the 1st quarter. Bell Investment Advisors Inc now owns 477 shares of the bank’s stock worth $48,000 after purchasing an additional 108 shares in the last quarter. Seeds Investor LLC increased its holdings in KB Financial Group by 1.8% in the 4th quarter. Seeds Investor LLC now owns 6,606 shares of the bank’s stock worth $568,000 after purchasing an additional 114 shares in the last quarter. HighTower Advisors LLC increased its holdings in KB Financial Group by 2.1% in the 4th quarter. HighTower Advisors LLC now owns 5,821 shares of the bank’s stock worth $501,000 after purchasing an additional 118 shares in the last quarter. Drive Wealth Management LLC raised its position in KB Financial Group by 3.5% in the fourth quarter. Drive Wealth Management LLC now owns 3,515 shares of the bank’s stock valued at $302,000 after purchasing an additional 120 shares during the last quarter. Finally, First Horizon Corp raised its position in KB Financial Group by 36.2% in the first quarter. First Horizon Corp now owns 489 shares of the bank’s stock valued at $49,000 after purchasing an additional 130 shares during the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

KB Financial Group News Summary

Here are the key news stories impacting KB Financial Group this week:

• Positive Sentiment: KB Financial Group reported record second-quarter net profit of 2.01 trillion won, up 15% year over year, as higher interest income boosted earnings and strengthened the bank’s first-half performance. KB Financial Group Q2 net profit up 15 pct to 2.01 tln won
• Positive Sentiment: The company also posted record first-half net profit of 3.88 trillion won and operating profit of 2.71 trillion won for the quarter, underscoring broad earnings momentum. KB Financial Group posts record first-half net profit of W3.88tr
• Positive Sentiment: KB Financial Group’s board approved a quarterly cash dividend of KRW 1,155 per share and set an August 7 record date, a shareholder-friendly move that may attract yield-focused investors. KB Financial Group Declares KRW 1,155 Quarterly Dividend per Share
• Positive Sentiment: Broader industry coverage noted that Korea’s five financial groups are benefiting from a market rally and stronger interest income, which supports the sector-wide earnings outlook for KB Financial Group. Market rally lifts Korea’s five financial groups to W13tr profit
• Neutral Sentiment: KB Financial Group also announced a promotional “Byeolbang Sleep Concert” event, which is brand-building news but unlikely to materially affect earnings. KB Financial Group to host ‘Byeolbang Sleep Concert’ with Soran, RESCENE and Yoon Machi

KB Financial Group Stock Performance

NYSE:KB opened at $117.62 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.47. KB Financial Group Inc has a twelve month low of $76.31 and a twelve month high of $125.62. The company has a fifty day moving average of $108.88 and a 200-day moving average of $104.85. The firm has a market capitalization of $41.72 billion, a P/E ratio of 10.56, a P/E/G ratio of 0.75 and a beta of 1.01.

KB Financial Group (NYSE:KB) last issued its earnings results on Tuesday, March 31st. The bank reported $2.16 earnings per share (EPS) for the quarter. The business had revenue of $3.49 billion for the quarter. KB Financial Group had a net margin of 17.36% and a return on equity of 9.99%. As a group, sell-side analysts anticipate that KB Financial Group Inc will post 12.41 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. The Goldman Sachs Group restated a “buy” rating on shares of KB Financial Group in a report on Wednesday, July 1st. Wall Street Zen downgraded KB Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of KB Financial Group in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

KB Financial Group Company Profile

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.