Trinity Street Asset Management LLP Buys 13,798 Shares of KB Financial Group, Inc. (KB)
Trinity Street Asset Management LLP raised its stake in shares of KB Financial Group, Inc. (NYSE:KB) by 1.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,275,663 shares of the bank’s stock after buying an additional 13,798 shares during the period. KB Financial Group comprises about 9.5% of Trinity Street Asset Management LLP’s portfolio, making the stock its 3rd largest holding. Trinity Street Asset Management LLP owned 0.32% of KB Financial Group worth $47,276,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisor Partners LLC acquired a new stake in KB Financial Group in the 4th quarter worth about $462,000. Rehmann Capital Advisory Group boosted its holdings in KB Financial Group by 17.3% in the 4th quarter. Rehmann Capital Advisory Group now owns 4,275 shares of the bank’s stock worth $179,000 after buying an additional 632 shares during the last quarter. Federated Investors Inc. PA acquired a new stake in KB Financial Group in the 3rd quarter worth about $9,506,000. Bank of New York Mellon Corp boosted its holdings in KB Financial Group by 2.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 99,498 shares of the bank’s stock worth $4,625,000 after buying an additional 2,233 shares during the last quarter. Finally, Panagora Asset Management Inc. acquired a new stake in KB Financial Group in the 3rd quarter worth about $562,000. Institutional investors and hedge funds own 6.12% of the company’s stock.
KB has been the topic of several recent research reports. Zacks Investment Research cut KB Financial Group from a “hold” rating to a “sell” rating in a report on Friday, February 1st. Goldman Sachs Group initiated coverage on KB Financial Group in a report on Sunday, March 31st. They set a “buy” rating on the stock. Finally, CLSA upgraded KB Financial Group from an “underperform” rating to an “outperform” rating in a report on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $61.00.
The firm also recently disclosed an annual dividend, which was paid on Tuesday, April 16th. Investors of record on Friday, December 28th were issued a $1.375 dividend. This represents a yield of 3.46%. The ex-dividend date was Thursday, December 27th. KB Financial Group’s dividend payout ratio is presently 18.44%.
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About KB Financial Group
KB Financial Group Inc, a financial holding company, provides a range of banking and related financial services to consumers and corporations in South Korea and internationally. It operates through Corporate Banking, Retail Banking, Other Banking Services, Securities Business, Non-life Insurance Business, Credit Card Business, and Life Insurance Business segments.
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