KB Financial Group Inc. (NYSE:KB) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 940,700 shares, an increase of 28.0% from the March 31st total of 735,200 shares. Based on an average trading volume of 232,100 shares, the short-interest ratio is presently 4.1 days. Currently, 0.2% of the shares of the stock are sold short.
Separately, Zacks Investment Research raised shares of KB Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, April 7th.
Shares of NYSE KB traded down $0.65 during midday trading on Tuesday, reaching $47.59. The company’s stock had a trading volume of 184,254 shares, compared to its average volume of 214,282. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.57. The company has a 50 day moving average price of $47.36 and a 200 day moving average price of $42.07. KB Financial Group has a one year low of $24.62 and a one year high of $50.50. The company has a market cap of $19.79 billion, a price-to-earnings ratio of 6.71, a price-to-earnings-growth ratio of 1.30 and a beta of 0.86.
KB Financial Group (NYSE:KB) last released its earnings results on Tuesday, March 9th. The bank reported $1.27 EPS for the quarter. KB Financial Group had a net margin of 19.67% and a return on equity of 8.58%. The business had revenue of $3.37 billion for the quarter. Research analysts anticipate that KB Financial Group will post 6.58 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in KB. Marshall Wace LLP bought a new stake in shares of KB Financial Group in the 1st quarter worth approximately $34,000. Advisor Partners LLC raised its holdings in shares of KB Financial Group by 3.8% during the third quarter. Advisor Partners LLC now owns 15,481 shares of the bank’s stock valued at $497,000 after acquiring an additional 561 shares during the period. Sei Investments Co. raised its holdings in shares of KB Financial Group by 27.2% during the third quarter. Sei Investments Co. now owns 128,099 shares of the bank’s stock valued at $4,115,000 after acquiring an additional 27,420 shares during the period. OneAscent Financial Services LLC acquired a new stake in shares of KB Financial Group during the fourth quarter valued at approximately $236,000. Finally, Ritholtz Wealth Management raised its holdings in shares of KB Financial Group by 32.3% during the fourth quarter. Ritholtz Wealth Management now owns 30,542 shares of the bank’s stock valued at $1,209,000 after acquiring an additional 7,457 shares during the period. Institutional investors and hedge funds own 5.61% 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 and internationally. It operates through Corporate Banking, Retail Banking, Other Banking Services, Securities Business, Non-life Insurance Business, Credit Card Business, and Life Insurance Business segments.
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