Deltec Asset Management LLC Cuts Stake in KB Financial Group Inc. (NYSE:KB)

Deltec Asset Management LLC lessened its holdings in shares of KB Financial Group Inc. (NYSE:KB) by 15.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,300 shares of the bank’s stock after selling 3,000 shares during the period. Deltec Asset Management LLC’s holdings in KB Financial Group were worth $927,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Sanctuary Advisors LLC purchased a new stake in KB Financial Group during the 2nd quarter worth approximately $501,000. GAMMA Investing LLC grew its stake in KB Financial Group by 36.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,279 shares of the bank’s stock valued at $79,000 after purchasing an additional 345 shares during the last quarter. Aprio Wealth Management LLC grew its stake in KB Financial Group by 12.2% during the 3rd quarter. Aprio Wealth Management LLC now owns 8,000 shares of the bank’s stock valued at $494,000 after purchasing an additional 868 shares during the last quarter. Atomi Financial Group Inc. increased its holdings in shares of KB Financial Group by 19.1% in the third quarter. Atomi Financial Group Inc. now owns 11,524 shares of the bank’s stock valued at $712,000 after purchasing an additional 1,852 shares during the period. Finally, CWM LLC raised its stake in shares of KB Financial Group by 5.7% in the third quarter. CWM LLC now owns 2,851 shares of the bank’s stock worth $176,000 after purchasing an additional 155 shares during the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Morgan Stanley raised shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a report on Thursday, December 12th. StockNews.com lowered KB Financial Group from a “buy” rating to a “hold” rating in a report on Monday.

KB Financial Group Stock Performance

KB opened at $62.62 on Wednesday. The firm has a fifty day moving average price of $61.16 and a 200 day moving average price of $63.17. KB Financial Group Inc. has a 1 year low of $45.59 and a 1 year high of $72.89. The stock has a market cap of $24.64 billion, a P/E ratio of 7.30, a P/E/G ratio of 0.47 and a beta of 0.99. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66.

About KB Financial Group

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.