KB Financial Group Inc. (NYSE:KB) Short Interest Update

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

Analysts Set New Price Targets

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

KB Financial Group Trading Up 1.7 %

NYSE:KB traded up $1.11 during mid-day trading on Monday, reaching $65.25. The company’s stock had a trading volume of 64,969 shares, compared to its average volume of 195,983. KB Financial Group has a twelve month low of $36.57 and a twelve month high of $72.89. The company’s fifty day simple moving average is $64.76 and its two-hundred day simple moving average is $61.56. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.67 and a quick ratio of 1.67. The stock has a market cap of $25.68 billion, a P/E ratio of 7.60, a P/E/G ratio of 0.56 and a beta of 0.97.

Institutional Investors Weigh In On KB Financial Group

A number of institutional investors have recently bought and sold shares of the stock. BOCHK Asset Management Ltd acquired a new stake in KB Financial Group during the third quarter worth about $25,000. Hilltop National Bank purchased a new position in KB Financial Group in the second quarter valued at approximately $34,000. Benjamin F. Edwards & Company Inc. lifted its position in KB Financial Group by 66.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 779 shares of the bank’s stock valued at $44,000 after buying an additional 310 shares in the last quarter. GAMMA Investing LLC grew its stake in KB Financial Group by 35.6% during the second quarter. GAMMA Investing LLC now owns 934 shares of the bank’s stock worth $53,000 after buying an additional 245 shares during the period. Finally, Venturi Wealth Management LLC increased its position in shares of KB Financial Group by 2,427.9% in the third quarter. Venturi Wealth Management LLC now owns 1,087 shares of the bank’s stock worth $67,000 after acquiring an additional 1,044 shares in the last quarter. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

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.