First Trust Direct Indexing L.P. Cuts Stake in KB Financial Group Inc. (NYSE:KB)

First Trust Direct Indexing L.P. lowered its stake in shares of KB Financial Group Inc. (NYSE:KB) by 11.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 44,684 shares of the bank’s stock after selling 6,063 shares during the period. First Trust Direct Indexing L.P.’s holdings in KB Financial Group were worth $1,849,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of KB. Allworth Financial LP boosted its holdings in shares of KB Financial Group by 125.1% in the third quarter. Allworth Financial LP now owns 1,166 shares of the bank’s stock worth $48,000 after buying an additional 648 shares during the last quarter. CWM LLC raised its position in shares of KB Financial Group by 18.9% during the third quarter. CWM LLC now owns 2,144 shares of the bank’s stock valued at $88,000 after buying an additional 341 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in KB Financial Group by 47.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,490 shares of the bank’s stock worth $103,000 after purchasing an additional 805 shares during the last quarter. Quantbot Technologies LP bought a new stake in KB Financial Group in the third quarter worth $179,000. Finally, Shelton Capital Management bought a new position in KB Financial Group during the third quarter valued at $201,000. Institutional investors own 11.52% of the company’s stock.

KB Financial Group Trading Down 2.3 %

Shares of KB traded down $1.22 during trading hours on Thursday, reaching $52.46. 23,946 shares of the company traded hands, compared to its average volume of 205,349. The firm has a market cap of $21.17 billion, a price-to-earnings ratio of 6.09, a PEG ratio of 0.40 and a beta of 1.01. KB Financial Group Inc. has a 12-month low of $35.20 and a 12-month high of $58.52. The company has a current ratio of 1.67, a quick ratio of 1.69 and a debt-to-equity ratio of 2.36. The stock’s fifty day moving average price is $51.34 and its 200 day moving average price is $44.98.

KB Financial Group (NYSE:KB) last released its quarterly earnings data on Wednesday, March 6th. The bank reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.21). KB Financial Group had a return on equity of 7.72% and a net margin of 12.94%. The business had revenue of $3.54 billion during the quarter. Sell-side analysts forecast that KB Financial Group Inc. will post 9.32 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 13th.

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.