KB Financial Group Inc. (NYSE:KB) saw a large increase in short interest during 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 daily volume of 232,100 shares, the days-to-cover ratio is currently 4.1 days. Currently, 0.2% of the company’s shares 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.
Hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. increased its stake in KB Financial Group by 10.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 87,196 shares of the bank’s stock worth $4,310,000 after buying an additional 8,441 shares during the period. Signaturefd LLC increased its stake in KB Financial Group by 4.8% during the 1st quarter. Signaturefd LLC now owns 17,174 shares of the bank’s stock worth $849,000 after buying an additional 784 shares during the period. US Bancorp DE increased its stake in KB Financial Group by 6.1% during the 1st quarter. US Bancorp DE now owns 21,565 shares of the bank’s stock worth $1,065,000 after buying an additional 1,233 shares during the period. Lindbrook Capital LLC increased its stake in KB Financial Group by 10.5% during the 1st quarter. Lindbrook Capital LLC now owns 4,081 shares of the bank’s stock worth $202,000 after buying an additional 389 shares during the period. Finally, Comerica Bank increased its stake in KB Financial Group by 4.1% during the 1st quarter. Comerica Bank now owns 23,817 shares of the bank’s stock worth $1,166,000 after buying an additional 941 shares during the period. 5.61% of the stock is currently owned by institutional investors and hedge funds.
KB Financial Group (NYSE:KB) last issued 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. As a group, research analysts anticipate that KB Financial Group will post 6.58 EPS for the current fiscal year.
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 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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