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

KB Financial Group Inc. (NYSE:KB) saw a significant growth in short interest in 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. Based on an average daily trading volume, of 166,400 shares, the short-interest ratio is presently 2.0 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KB. Teachers Retirement System of The State of Kentucky grew its position in shares of KB Financial Group by 15.2% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 426,430 shares of the bank’s stock worth $26,332,000 after buying an additional 56,400 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in KB Financial Group during the 3rd quarter worth $7,291,000. Orion Portfolio Solutions LLC increased its position in shares of KB Financial Group by 18.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 8,152 shares of the bank’s stock worth $503,000 after purchasing an additional 1,280 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of KB Financial Group in the 3rd quarter valued at about $527,000. Finally, Insigneo Advisory Services LLC bought a new position in shares of KB Financial Group during the third quarter worth about $356,000. Institutional investors and hedge funds own 11.52% of the company’s stock.

Analyst Upgrades and Downgrades

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

KB Financial Group Stock Up 1.7 %

KB Financial Group stock traded up $1.11 during midday trading on Monday, hitting $65.25. 64,969 shares of the stock were exchanged, compared to its average volume of 195,983. KB Financial Group has a 1 year low of $36.57 and a 1 year high of $72.89. 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 firm 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. The company has a 50 day moving average price of $64.76 and a two-hundred day moving average price of $61.56.

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.