Nationwide Fund Advisors trimmed its holdings in shares of KB Financial Group Inc (NYSE:KB) by 16.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,526 shares of the bank’s stock after selling 9,800 shares during the period. Nationwide Fund Advisors’ holdings in KB Financial Group were worth $2,602,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its position in KB Financial Group by 75.1% during the second quarter. BNP Paribas Arbitrage SA now owns 3,080 shares of the bank’s stock valued at $156,000 after buying an additional 1,321 shares in the last quarter. US Bancorp DE lifted its position in KB Financial Group by 12.9% during the first quarter. US Bancorp DE now owns 4,636 shares of the bank’s stock valued at $204,000 after buying an additional 528 shares in the last quarter. Paloma Partners Management Co acquired a new position in KB Financial Group during the first quarter valued at approximately $242,000. M&T Bank Corp acquired a new position in KB Financial Group during the first quarter valued at approximately $249,000. Finally, Sei Investments Co. lifted its position in KB Financial Group by 10.0% during the first quarter. Sei Investments Co. now owns 7,354 shares of the bank’s stock valued at $323,000 after buying an additional 670 shares in the last quarter. 5.63% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of KB Financial Group Inc (NYSE:KB) opened at 51.46 on Friday. The stock has a market cap of $20.41 billion, a price-to-earnings ratio of 7.98 and a beta of 1.19. KB Financial Group Inc has a 1-year low of $34.25 and a 1-year high of $54.36. The stock’s 50 day moving average is $48.58 and its 200-day moving average is $48.19.

A number of brokerages have weighed in on KB. BidaskClub cut shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Zacks Investment Research raised shares of KB Financial Group from a “sell” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Friday, July 21st. Finally, J P Morgan Chase & Co began coverage on shares of KB Financial Group in a research report on Wednesday, August 9th. They set an “overweight” rating on the stock.

About KB Financial Group

KB Financial Group Inc is a financial holding company in Korea. The Company’s operations include Kookmin Bank, a commercial bank in Korea. The Company operates through six business segments: retail banking operations, corporate banking operations, other banking operations, credit card operations, investment and securities operations, and life insurance operations.

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

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