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

KB Financial Group Inc. (NYSE:KB) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 386,100 shares, a growth of 14.1% from the October 31st total of 338,500 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 162,100 shares, the days-to-cover ratio is currently 2.4 days.

Wall Street Analysts Forecast Growth

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

KB Financial Group Stock Performance

KB stock traded down $1.11 during mid-day trading on Tuesday, reaching $67.65. 1,073,302 shares of the stock traded hands, compared to its average volume of 196,231. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. 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 moving average of $66.47 and a two-hundred day moving average of $62.58. The firm has a market capitalization of $26.62 billion, a PE ratio of 7.88, a P/E/G ratio of 0.60 and a beta of 0.97.

Institutional Investors Weigh In On KB Financial Group

Hedge funds have recently made changes to their positions in the stock. Boston Partners lifted its stake in shares of KB Financial Group by 195.1% in the first quarter. Boston Partners now owns 100,447 shares of the bank’s stock valued at $5,233,000 after buying an additional 66,413 shares during the period. Creative Planning raised its position in KB Financial Group by 9.5% in the third quarter. Creative Planning now owns 86,130 shares of the bank’s stock worth $5,319,000 after purchasing an additional 7,494 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in KB Financial Group by 412.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 23,163 shares of the bank’s stock worth $1,430,000 after purchasing an additional 18,645 shares in the last quarter. Frank Rimerman Advisors LLC acquired a new position in KB Financial Group in the second quarter worth about $1,084,000. Finally, CWA Asset Management Group LLC acquired a new position in KB Financial Group in the third quarter worth about $1,786,000. Institutional investors own 11.52% of the company’s stock.

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.