Short Interest in KB Financial Group Inc. (NYSE:KB) Drops By 9.7%

KB Financial Group Inc. (NYSE:KB) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 293,500 shares, a drop of 9.7% from the June 30th total of 324,900 shares. Based on an average trading volume of 213,100 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.1% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of KB Financial Group from a “buy” rating to a “hold” rating in a report on Thursday.

Institutional Trading of KB Financial Group

A number of hedge funds have recently added to or reduced their stakes in KB. Hilltop National Bank bought a new stake in KB Financial Group during the 2nd quarter valued at $34,000. GAMMA Investing LLC boosted its position in KB Financial Group by 98.0% during the first quarter. GAMMA Investing LLC now owns 689 shares of the bank’s stock valued at $36,000 after purchasing an additional 341 shares in the last quarter. Tucker Asset Management LLC purchased a new position in KB Financial Group in the fourth quarter valued at about $68,000. CWM LLC raised its holdings in KB Financial Group by 12.4% in the fourth quarter. CWM LLC now owns 2,409 shares of the bank’s stock worth $100,000 after purchasing an additional 265 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of KB Financial Group by 47.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,490 shares of the bank’s stock valued at $103,000 after buying an additional 805 shares during the last quarter. 11.52% of the stock is owned by hedge funds and other institutional investors.

KB Financial Group Trading Down 2.7 %

Shares of KB traded down $1.73 during mid-day trading on Thursday, reaching $63.48. 152,006 shares of the company’s stock traded hands, compared to its average volume of 213,504. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.65 and a quick ratio of 1.65. The stock’s 50-day moving average is $58.89 and its two-hundred day moving average is $53.27. KB Financial Group has a 12 month low of $36.57 and a 12 month high of $65.77. The stock has a market cap of $25.61 billion, a P/E ratio of 7.93, a P/E/G ratio of 0.45 and a beta of 1.00.

KB Financial Group (NYSE:KB) last posted its quarterly earnings results on Thursday, May 16th. The bank reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.07. The firm had revenue of $3.64 billion for the quarter. KB Financial Group had a net margin of 11.65% and a return on equity of 6.97%. Research analysts forecast that KB Financial Group will post 9.4 earnings per share for the current fiscal year.

KB Financial Group Company 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.