KB Financial Group Inc. (NYSE:KB) Short Interest Down 24.4% in September

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

KB Financial Group Price Performance

Shares of NYSE:KB traded up $1.44 during trading on Friday, reaching $67.25. The stock had a trading volume of 463,686 shares, compared to its average volume of 203,121. KB Financial Group has a 1-year low of $36.57 and a 1-year high of $67.63. The stock has a market cap of $27.14 billion, a PE ratio of 8.40, a PEG ratio of 0.45 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. The business has a fifty day moving average price of $62.75 and a 200-day moving average price of $58.52.

KB Financial Group (NYSE:KB) last announced its quarterly earnings data on Wednesday, August 14th. The bank reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, equities analysts forecast that KB Financial Group will post 9.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of KB. Boston Partners increased its stake in shares of KB Financial Group by 195.1% during the first quarter. Boston Partners now owns 100,447 shares of the bank’s stock worth $5,233,000 after buying an additional 66,413 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in KB Financial Group by 20.9% in 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 during the last quarter. Acadian Asset Management LLC increased its stake in KB Financial Group by 32.0% in the first quarter. Acadian Asset Management LLC now owns 257,611 shares of the bank’s stock valued at $13,409,000 after purchasing an additional 62,455 shares during the last quarter. SageView Advisory Group LLC purchased a new position in shares of KB Financial Group during the first quarter worth approximately $1,914,000. Finally, NINE MASTS CAPITAL Ltd purchased a new position in shares of KB Financial Group during the second quarter worth approximately $2,038,000. Institutional investors and hedge funds own 11.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered KB Financial Group from a “buy” rating to a “hold” rating in a report 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.