KB Financial Group Inc. (NYSE:KB) Shares Sold by Deltec Asset Management LLC

Deltec Asset Management LLC trimmed 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 (SEC). The firm owned 16,300 shares of the bank’s stock after selling 3,000 shares during the quarter. Deltec Asset Management LLC’s holdings in KB Financial Group were worth $927,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. BOCHK Asset Management Ltd purchased a new stake in KB Financial Group in the 3rd quarter worth $25,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of KB Financial Group in the third quarter valued at about $35,000. Venturi Wealth Management LLC increased its stake in shares of KB Financial Group by 2,427.9% during the third quarter. Venturi Wealth Management LLC now owns 1,087 shares of the bank’s stock worth $67,000 after purchasing an additional 1,044 shares in the last quarter. GAMMA Investing LLC raised its position in shares of KB Financial Group by 36.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,279 shares of the bank’s stock worth $79,000 after purchasing an additional 345 shares during the last quarter. Finally, CWM LLC raised its position in shares of KB Financial Group by 5.7% during the 3rd 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. 11.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the company. StockNews.com lowered KB Financial Group from a “buy” rating to a “hold” rating in a research note on Monday. Morgan Stanley upgraded KB Financial Group from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th.

KB Financial Group Price Performance

KB Financial Group stock opened at $62.62 on Wednesday. The company has a fifty day simple moving average of $61.16 and a 200-day simple moving average of $63.17. The firm has a market capitalization of $24.64 billion, a price-to-earnings ratio of 7.30, a PEG ratio of 0.47 and a beta of 0.99. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. KB Financial Group Inc. has a 52-week low of $45.59 and a 52-week high of $72.89.

KB Financial Group 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.