KB Financial Group Inc. (NYSE:KB) Short Interest Up 11.7% in October

KB Financial Group Inc. (NYSE:KB) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 338,500 shares, an increase of 11.7% from the October 15th total of 303,100 shares. Based on an average trading volume of 166,400 shares, the short-interest ratio is presently 2.0 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. BOCHK Asset Management Ltd purchased a new stake in KB Financial Group in the 3rd quarter worth $25,000. Hilltop National Bank purchased a new stake in KB Financial Group in the 2nd quarter worth $34,000. Benjamin F. Edwards & Company Inc. lifted its stake in KB Financial Group by 66.1% in 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 in the last quarter. GAMMA Investing LLC lifted its stake in KB Financial Group by 35.6% in the 2nd quarter. GAMMA Investing LLC now owns 934 shares of the bank’s stock worth $53,000 after purchasing an additional 245 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in KB Financial Group by 2,427.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,087 shares of the bank’s stock worth $67,000 after purchasing an additional 1,044 shares in the last quarter. Institutional investors own 11.52% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of KB Financial Group from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th.

KB Financial Group Price Performance

KB Financial Group stock traded up $1.11 during mid-day trading on Monday, hitting $65.25. The stock had a trading volume of 64,969 shares, compared to its average volume of 195,983. The firm has a market capitalization of $25.68 billion, a P/E ratio of 7.48, a P/E/G ratio of 0.56 and a beta of 0.97. 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 firm’s 50 day moving average is $64.76 and its 200 day moving average is $61.56. KB Financial Group has a one year low of $36.57 and a one year high of $72.89.

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.