KB Financial Group Inc. (NYSE:KB) Short Interest Down 31.8% in October

KB Financial Group Inc. (NYSE:KB - Get Free Report) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 303,100 shares, a decline of 31.8% from the September 30th total of 444,600 shares. Approximately 0.1% of the company's stock are short sold. Based on an average daily volume of 177,600 shares, the short-interest ratio is currently 1.7 days.

KB Financial Group Stock Up 7.8 %

NYSE:KB traded up $5.22 during trading hours on Friday, hitting $72.18. 341,510 shares of the company traded hands, compared to its average volume of 181,819. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.33. The company has a market cap of $28.40 billion, a PE ratio of 8.74, a PEG ratio of 0.47 and a beta of 0.98. The firm's 50-day simple moving average is $64.34 and its 200-day simple moving average is $59.74. KB Financial Group has a one year low of $36.57 and a one year high of $72.89.

KB Financial Group (NYSE:KB - Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The bank reported $3.06 earnings per share for the quarter, beating analysts' consensus estimates of $2.70 by $0.36. KB Financial Group had a net margin of 12.13% and a return on equity of 7.29%. The company had revenue of $3.18 billion for the quarter. Equities analysts predict that KB Financial Group will post 9.4 earnings per share for the current year.

Hedge Funds Weigh In On KB Financial Group

Several hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its position in shares of KB Financial Group by 412.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 23,163 shares of the bank's stock valued at $1,430,000 after purchasing an additional 18,645 shares during the last quarter. Ballentine Partners LLC grew its position in KB Financial Group by 1.4% during the third quarter. Ballentine Partners LLC now owns 22,627 shares of the bank's stock valued at $1,397,000 after buying an additional 305 shares during the period. BOCHK Asset Management Ltd purchased a new stake in KB Financial Group during the third quarter worth about $25,000. Blue Trust Inc. increased its holdings in KB Financial Group by 252.2% during the third quarter. Blue Trust Inc. now owns 28,243 shares of the bank's stock worth $1,599,000 after buying an additional 20,225 shares during the last quarter. Finally, Aaron Wealth Advisors LLC raised its position in KB Financial Group by 21.5% in the third quarter. Aaron Wealth Advisors LLC now owns 4,755 shares of the bank's stock worth $294,000 after acquiring an additional 841 shares during the period. Institutional investors own 11.52% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded KB Financial Group from a "buy" rating to a "hold" rating in a research note on Saturday, October 12th.

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.