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

Sanctuary Advisors LLC reduced its stake in shares of KB Financial Group Inc (NYSE:KB) by 33.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Morgan Stanley raised its stake in shares of KB Financial Group by 4.0% in the 4th quarter. Morgan Stanley now owns 1,080,052 shares of the bank’s stock valued at $92,928,000 after purchasing an additional 41,587 shares during the period. Bank of America Corp DE lifted its holdings in shares of KB Financial Group by 4.3% in the third quarter. Bank of America Corp DE now owns 882,277 shares of the bank’s stock valued at $73,150,000 after purchasing an additional 36,710 shares in the last quarter. Capital International Investors boosted its position in shares of KB Financial Group by 0.6% during the fourth quarter. Capital International Investors now owns 761,913 shares of the bank’s stock worth $65,637,000 after buying an additional 4,745 shares during the period. M&T Bank Corp acquired a new position in shares of KB Financial Group during the fourth quarter worth about $36,964,000. Finally, Orbis Allan Gray Ltd grew its holdings in shares of KB Financial Group by 4.0% during the fourth quarter. Orbis Allan Gray Ltd now owns 378,785 shares of the bank’s stock worth $32,591,000 after buying an additional 14,637 shares in the last quarter. Institutional investors own 11.52% of the company’s stock.

KB Financial Group Stock Down 2.7%

KB opened at $117.62 on Friday. The stock has a fifty day moving average of $108.88 and a 200-day moving average of $104.85. The company 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 Inc has a fifty-two week low of $76.31 and a fifty-two week high of $125.62. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.64 and a current ratio of 1.64.

KB Financial Group (NYSE:KB) last released its quarterly earnings results on Tuesday, March 31st. The bank reported $2.16 EPS for the quarter. KB Financial Group had a net margin of 17.36% and a return on equity of 9.99%. The business had revenue of $3.49 billion for the quarter. On average, equities analysts expect that KB Financial Group Inc will post 12.41 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on KB shares. Weiss Ratings reiterated a “buy (b)” rating on shares of KB Financial Group in a report on Wednesday, June 24th. Wall Street Zen downgraded shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of KB Financial Group in a research note on Wednesday, July 1st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Key KB Financial Group News

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 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.