Crossmark Global Holdings Inc. cut its stake in KB Financial Group, Inc. (NYSE:KB) by 4.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,694 shares of the bank’s stock after selling 2,952 shares during the period. Crossmark Global Holdings Inc.’s holdings in KB Financial Group were worth $3,376,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Checchi Capital Advisers LLC purchased a new stake in KB Financial Group in the fourth quarter worth about $213,000. Simplex Trading LLC lifted its holdings in shares of KB Financial Group by 1,773.8% during the third quarter. Simplex Trading LLC now owns 3,654 shares of the bank’s stock valued at $179,000 after purchasing an additional 3,459 shares during the last quarter. Advisor Group Inc. lifted its holdings in shares of KB Financial Group by 45.2% during the second quarter. Advisor Group Inc. now owns 4,401 shares of the bank’s stock valued at $220,000 after purchasing an additional 1,370 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of KB Financial Group by 67.1% during the third quarter. BNP Paribas Arbitrage SA now owns 5,148 shares of the bank’s stock valued at $252,000 after purchasing an additional 2,068 shares during the last quarter. Finally, Pillar Pacific Capital Management LLC purchased a new position in shares of KB Financial Group during the fourth quarter valued at approximately $313,000. Institutional investors and hedge funds own 5.94% of the company’s stock.
Several research firms have recently issued reports on KB. Zacks Investment Research upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Friday, January 26th. TheStreet lowered shares of KB Financial Group from a “b-” rating to a “c” rating in a report on Monday, November 27th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $71.00.
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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.
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