KB Financial Group Inc. (NYSE:KB) Short Interest Down 31.8% in October

KB Financial Group Inc. (NYSE:KB) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 303,100 shares, a decline of 31.8% from the September 30th total of 444,600 shares. Based on an average daily trading volume, of 177,600 shares, the short-interest ratio is currently 1.7 days. Currently, 0.1% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 12th.

Institutional Investors Weigh In On KB Financial Group

Several hedge funds have recently modified their holdings of the business. American Century Companies Inc. increased its stake in KB Financial Group by 7.1% during the 2nd quarter. American Century Companies Inc. now owns 511,542 shares of the bank’s stock valued at $28,958,000 after purchasing an additional 33,900 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in KB Financial Group by 20.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 370,030 shares of the bank’s stock valued at $19,267,000 after purchasing an additional 64,000 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of KB Financial Group by 3.9% in the second quarter. Acadian Asset Management LLC now owns 267,625 shares of the bank’s stock valued at $15,146,000 after buying an additional 10,014 shares during the last quarter. Capital International Investors increased its position in KB Financial Group by 8.2% during the first quarter. Capital International Investors now owns 254,968 shares of the bank’s stock worth $13,276,000 after purchasing an additional 19,260 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of KB Financial Group by 4.9% during the second quarter. Envestnet Asset Management Inc. now owns 165,691 shares of the bank’s stock valued at $9,380,000 after acquiring an additional 7,809 shares during the last quarter. Hedge funds and other institutional investors own 11.52% of the company’s stock.

KB Financial Group Trading Up 7.8 %

KB Financial Group stock traded up $5.22 during trading hours on Friday, hitting $72.18. The company had a trading volume of 341,510 shares, compared to its average volume of 181,819. The firm has a market cap of $28.40 billion, a P/E ratio of 8.74, a P/E/G ratio of 0.47 and a beta of 0.98. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.67 and a current ratio of 1.67. KB Financial Group has a 1 year low of $36.57 and a 1 year high of $72.89. The company has a 50-day moving average price of $64.34 and a two-hundred day moving average price of $59.74.

KB Financial Group (NYSE:KB) last announced its quarterly earnings results on Wednesday, August 14th. The bank reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.36. KB Financial Group had a net margin of 12.13% and a return on equity of 7.29%. The firm had revenue of $3.18 billion during the quarter. On average, sell-side analysts anticipate that KB Financial Group will post 9.4 earnings per share for the current year.

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.