KB Financial Group Inc. (NYSE:KB) Sees Large Growth in Short Interest

KB Financial Group Inc. (NYSE:KB) was the target of a large growth in short interest in 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. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 166,400 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Trading of KB Financial Group

Hedge funds have recently modified their holdings of the business. BOCHK Asset Management Ltd bought a new stake in KB Financial Group in the third quarter worth $25,000. Hilltop National Bank acquired a new position in KB Financial Group during the 2nd quarter worth about $34,000. Benjamin F. Edwards & Company Inc. raised its position in shares of KB Financial Group by 66.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 779 shares of the bank’s stock worth $44,000 after acquiring an additional 310 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of KB Financial Group by 35.6% in the 2nd quarter. GAMMA Investing LLC now owns 934 shares of the bank’s stock valued at $53,000 after purchasing an additional 245 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in KB Financial Group by 2,427.9% during the third 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 during the last quarter. Institutional investors own 11.52% of the company’s stock.

KB Financial Group Price Performance

KB traded up $1.11 on Monday, reaching $65.25. The company had a trading volume of 64,969 shares, compared to its average volume of 195,983. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.67 and a current ratio of 1.67. KB Financial Group has a 52-week low of $36.57 and a 52-week high of $72.89. The business has a 50 day simple moving average of $64.76 and a 200 day simple moving average of $61.56. The company has a market cap of $25.68 billion, a price-to-earnings ratio of 7.60, a P/E/G ratio of 0.56 and a beta of 0.97.

Wall Street Analysts Forecast Growth

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

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.