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

KB Financial Group Inc. (NYSE:KB) was the target of a significant drop in short interest in the month of 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. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 203,100 shares, the short-interest ratio is currently 2.2 days.

Analyst Ratings Changes

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

Institutional Investors Weigh In On KB Financial Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Teachers Retirement System of The State of Kentucky boosted its holdings in KB Financial Group by 12.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 306,030 shares of the bank’s stock worth $12,660,000 after acquiring an additional 33,300 shares during the last quarter. Boston Partners boosted its holdings in 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 purchasing an additional 66,413 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in KB Financial Group in the 1st quarter worth about $729,000. Capital International Investors increased its stake in KB Financial Group by 8.2% in the 1st quarter. Capital International Investors now owns 254,968 shares of the bank’s stock valued at $13,276,000 after buying an additional 19,260 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of KB Financial Group by 32.0% during the 1st quarter. Acadian Asset Management LLC now owns 257,611 shares of the bank’s stock worth $13,409,000 after buying an additional 62,455 shares in the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

KB Financial Group Stock Down 2.6 %

Shares of NYSE KB traded down $1.84 during midday trading on Tuesday, hitting $68.15. 197,098 shares of the stock traded hands, compared to its average volume of 203,478. KB Financial Group has a one year low of $36.57 and a one year high of $70.70. The business has a 50 day moving average price of $63.00 and a two-hundred day moving average price of $58.70. 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 company has a market cap of $27.50 billion, a PE ratio of 8.59, a P/E/G ratio of 0.45 and a beta of 0.98.

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

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.