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

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

Analysts Set New Price Targets

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.

KB Financial Group Stock Up 7.8 %

Shares of NYSE KB traded up $5.22 on Friday, reaching $72.18. 341,510 shares of the company’s stock traded hands, compared to its average volume of 181,819. KB Financial Group has a 12 month low of $36.57 and a 12 month high of $72.89. The business’s 50 day simple moving average is $64.34 and its two-hundred day simple moving average is $59.74. The company has a market cap of $28.40 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 0.47 and a beta of 0.98. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.33.

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, beating the consensus estimate of $2.70 by $0.36. The company had revenue of $3.18 billion during the quarter. KB Financial Group had a net margin of 12.13% and a return on equity of 7.29%. As a group, equities research analysts forecast that KB Financial Group will post 9.4 EPS for the current fiscal year.

Institutional Investors Weigh In On KB Financial Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in KB. BOCHK Asset Management Ltd purchased a new position in shares of KB Financial Group during the 3rd quarter worth $25,000. Hilltop National Bank bought a new stake in shares of KB Financial Group in the 2nd quarter worth about $34,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of KB Financial Group by 66.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 779 shares of the bank’s stock worth $44,000 after purchasing an additional 310 shares during the period. GAMMA Investing LLC boosted its stake in shares of KB Financial Group by 35.6% during the 2nd quarter. GAMMA Investing LLC now owns 934 shares of the bank’s stock worth $53,000 after purchasing an additional 245 shares during the period. Finally, CWM LLC boosted its stake 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 period. Hedge funds and other institutional investors own 11.52% of the company’s stock.

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.