KB Financial Group Inc (NYSE:KB) Short Interest Down 47.0% in July

KB Financial Group Inc (NYSE:KB) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 436,993 shares, a decrease of 47.0% from the June 30th total of 824,704 shares. Based on an average daily trading volume, of 349,833 shares, the short-interest ratio is currently 1.2 days. Approximately 0.4% of the company’s stock are sold short.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of KB Financial Group in a report on Wednesday, July 1st. Zacks Research upgraded shares of KB Financial Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Wall Street Zen cut shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of KB Financial Group in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Hedge Funds Weigh In On KB Financial Group

A number of hedge funds and other institutional investors have recently modified their holdings of KB. Brown Brothers Harriman & Co. grew its holdings in shares of KB Financial Group by 131.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 403 shares of the bank’s stock valued at $35,000 after acquiring an additional 229 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in KB Financial Group in the fourth quarter worth $39,000. Bell Investment Advisors Inc boosted its position in KB Financial Group by 29.3% in the first quarter. Bell Investment Advisors Inc now owns 477 shares of the bank’s stock worth $48,000 after purchasing an additional 108 shares during the last quarter. First Horizon Corp grew its stake in KB Financial Group by 36.2% in the 1st quarter. First Horizon Corp now owns 489 shares of the bank’s stock valued at $49,000 after purchasing an additional 130 shares during the period. Finally, V Square Quantitative Management LLC grew its stake in KB Financial Group by 90.0% in the 1st quarter. V Square Quantitative Management LLC now owns 496 shares of the bank’s stock valued at $49,000 after purchasing an additional 235 shares during the period. Hedge funds and other institutional investors own 11.52% of the company’s stock.

KB Financial Group Stock Up 7.5%

Shares of NYSE KB traded up $8.38 during trading on Thursday, hitting $120.78. The stock had a trading volume of 295,932 shares, compared to its average volume of 263,433. KB Financial Group has a 12 month low of $76.31 and a 12 month high of $125.62. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.64 and a quick ratio of 1.64. The company has a market capitalization of $42.84 billion, a PE ratio of 10.84, a PEG ratio of 0.69 and a beta of 1.01. The firm has a fifty day moving average of $109.91 and a two-hundred day moving average of $105.82.

KB Financial Group (NYSE:KB) last released its quarterly earnings results on Tuesday, March 31st. The bank reported $2.16 earnings per share for the quarter. KB Financial Group had a net margin of 17.36% and a return on equity of 9.99%. The company had revenue of $3.49 billion for the quarter. As a group, equities research analysts forecast that KB Financial Group will post 12.91 EPS for the current fiscal year.

KB Financial Group Company Profile

KB Financial Group Inc is a South Korea-based financial holding company that offers a broad range of banking and financial services. Headquartered in Seoul and listed on the New York Stock Exchange under the ticker KB, the group operates through a set of specialized subsidiaries to provide integrated financial solutions for retail, corporate and institutional clients.

The company’s principal businesses include retail and corporate banking, securities and investment banking, insurance (life and non-life), asset management, credit card and consumer finance, and leasing.