Short Interest in KB Financial Group Inc. (NYSE:KB) Drops By 24.4%

KB Financial Group Inc. (NYSE:KB) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 444,600 shares, a decrease of 24.4% from the September 15th total of 587,900 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 203,100 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Investors Weigh In On KB Financial Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in KB Financial Group in the 4th quarter valued at approximately $930,000. Teachers Retirement System of The State of Kentucky increased its holdings in KB Financial Group by 12.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 306,030 shares of the bank’s stock valued at $12,660,000 after purchasing an additional 33,300 shares during the period. Virtu Financial LLC bought a new position in KB Financial Group during the 4th quarter worth $221,000. Tucker Asset Management LLC acquired a new position in KB Financial Group during the 4th quarter worth about $68,000. Finally, Sivia Capital Partners LLC bought a new stake in shares of KB Financial Group in the 4th quarter valued at about $228,000. Institutional investors own 11.52% of the company’s stock.

KB Financial Group Price Performance

KB Financial Group stock traded down $1.84 during midday trading on Tuesday, reaching $68.15. The company’s stock had a trading volume of 197,098 shares, compared to its average volume of 203,478. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 2.33. The stock has a market cap of $27.50 billion, a PE ratio of 8.59, a price-to-earnings-growth ratio of 0.45 and a beta of 0.98. KB Financial Group has a 52 week low of $36.57 and a 52 week high of $70.70. The business has a 50-day moving average price of $63.00 and a 200-day moving average price of $58.70.

KB Financial Group (NYSE:KB) last issued its quarterly earnings data on Wednesday, August 14th. The bank reported $3.06 EPS for the quarter, beating 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 business had revenue of $3.18 billion during the quarter. On average, sell-side analysts predict that KB Financial Group will post 9.4 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut KB Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday.

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.