KB Financial Group Inc. (NYSE:KB) Short Interest Up 28.0% in April


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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.

Shares of KB stock traded down $0.65 during mid-day 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’s 50 day simple moving average is $47.36 and its 200-day simple moving average is $42.07. KB Financial Group has a 12-month low of $24.62 and a 12-month high of $50.50. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.57. The firm has a market capitalization of $19.79 billion, a PE 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 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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