KB Financial Group Inc. (NYSE:KB) Short Interest Update
KB Financial Group Inc. (NYSE:KB – Get Free Report) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 296,200 shares, a decrease of 39.4% from the October 31st total of 489,100 shares. Based on an average daily volume of 180,300 shares, the short-interest ratio is presently 1.6 days. Approximately 0.1% of the shares of the stock are sold short.
KB Financial Group Stock Down 0.4 %
KB Financial Group stock traded down $0.15 during mid-day trading on Friday, hitting $40.13. 195,293 shares of the company’s stock were exchanged, compared to its average volume of 207,723. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 2.36. The stock has a market cap of $16.19 billion, a P/E ratio of 4.46, a P/E/G ratio of 0.33 and a beta of 0.90. KB Financial Group has a 1-year low of $35.20 and a 1-year high of $48.28. The stock has a 50 day moving average of $40.75 and a two-hundred day moving average of $39.35.
KB Financial Group (NYSE:KB – Get Free Report) last posted its earnings results on Tuesday, November 14th. The bank reported $2.70 EPS for the quarter. The firm had revenue of $3.50 billion for the quarter. KB Financial Group had a net margin of 13.98% and a return on equity of 8.29%. As a group, analysts anticipate that KB Financial Group will post 9.64 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised KB Financial Group from a “hold” rating to a “buy” rating in a report on Monday, November 20th.
Check Out Our Latest Stock Analysis on KB Financial Group
Institutional Investors Weigh In On KB Financial Group
Hedge funds and other institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC lifted its stake in shares of KB Financial Group by 79.8% in the second quarter. Lazard Asset Management LLC now owns 2,959,952 shares of the bank’s stock valued at $107,741,000 after buying an additional 1,313,605 shares during the period. BlackRock Inc. lifted its stake in shares of KB Financial Group by 36.1% in the second quarter. BlackRock Inc. now owns 2,434,596 shares of the bank’s stock valued at $88,619,000 after buying an additional 646,184 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of KB Financial Group by 86.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 600,940 shares of the bank’s stock valued at $29,344,000 after buying an additional 278,345 shares during the period. Ramirez Asset Management Inc. bought a new stake in shares of KB Financial Group in the third quarter valued at about $9,278,000. Finally, Royal Bank of Canada lifted its stake in shares of KB Financial Group by 263.6% in the second quarter. Royal Bank of Canada now owns 301,913 shares of the bank’s stock valued at $10,989,000 after buying an additional 218,885 shares during the period. 6.30% of the stock is owned by institutional investors and hedge funds.
About KB Financial Group (Get Free Report)
KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea and internationally. The company operates through seven segments: Retail Banking, Corporate Banking, Other Banking, Credit Card, Securities, Life Insurance, and Non-Life Insurance.
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