Renaissance Group LLC Reduces Stock Position in KB Financial Group Inc. (NYSE:KB)

Renaissance Group LLC lessened its stake in shares of KB Financial Group Inc. (NYSE:KBGet Rating) by 10.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 193,050 shares of the bank’s stock after selling 21,707 shares during the quarter. Renaissance Group LLC’s holdings in KB Financial Group were worth $8,911,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS Group AG lifted its stake in shares of KB Financial Group by 245.2% in the 3rd quarter. UBS Group AG now owns 355,474 shares of the bank’s stock worth $16,497,000 after purchasing an additional 252,502 shares during the period. Royal London Asset Management Ltd. lifted its stake in shares of KB Financial Group by 54.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 613,271 shares of the bank’s stock worth $28,306,000 after purchasing an additional 217,350 shares during the period. Bank of America Corp DE lifted its stake in shares of KB Financial Group by 29.8% in the 4th quarter. Bank of America Corp DE now owns 779,235 shares of the bank’s stock worth $35,970,000 after purchasing an additional 178,761 shares during the period. Trinity Street Asset Management LLP lifted its stake in shares of KB Financial Group by 4.1% in the 4th quarter. Trinity Street Asset Management LLP now owns 2,063,244 shares of the bank’s stock worth $95,239,000 after purchasing an additional 81,177 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in KB Financial Group by 37.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 168,477 shares of the bank’s stock worth $7,777,000 after acquiring an additional 46,108 shares during the period. 5.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of KB Financial Group stock traded up $0.50 on Friday, hitting $45.36. 162,496 shares of the company traded hands, compared to its average volume of 206,679. The business has a 50-day simple moving average of $47.47 and a 200 day simple moving average of $48.32. KB Financial Group Inc. has a 52 week low of $42.29 and a 52 week high of $55.31. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.67 and a current ratio of 1.69. The stock has a market capitalization of $18.70 billion, a P/E ratio of 4.64 and a beta of 0.77.

A number of equities research analysts have commented on KB shares. StockNews.com upgraded shares of KB Financial Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 15th. The Goldman Sachs Group cut shares of KB Financial Group from a “conviction-buy” rating to a “buy” rating in a research note on Wednesday.

KB Financial Group Profile (Get Rating)

KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea and internationally. The company operates through Corporate Banking, Retail Banking, Other Banking Services, Securities Business, Non-life Insurance Business, Credit Card Business, and Life Insurance Business segments.

See Also

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Institutional Ownership by Quarter for KB Financial Group (NYSE:KB)

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