KB Financial Group Inc. (NYSE:KB) Short Interest Up 11.7% in October

KB Financial Group Inc. (NYSE:KB) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 338,500 shares, an increase of 11.7% from the October 15th total of 303,100 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 166,400 shares, the short-interest ratio is currently 2.0 days.

KB Financial Group Trading Up 1.7 %

KB Financial Group stock traded up $1.11 during trading on Monday, reaching $65.25. 64,969 shares of the company were exchanged, compared to its average volume of 195,983. KB Financial Group has a 52-week low of $36.57 and a 52-week high of $72.89. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.67 and a quick ratio of 1.67. The stock’s 50 day simple moving average is $64.76 and its two-hundred day simple moving average is $61.56. The company has a market capitalization of $25.68 billion, a P/E ratio of 7.60, a PEG ratio of 0.56 and a beta of 0.97.

Institutional Investors Weigh In On KB Financial Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in KB Financial Group by 23.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 779,499 shares of the bank’s stock worth $48,134,000 after acquiring an additional 145,861 shares during the last quarter. American Century Companies Inc. boosted its holdings in KB Financial Group by 7.1% in the second quarter. American Century Companies Inc. now owns 511,542 shares of the bank’s stock worth $28,958,000 after purchasing an additional 33,900 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in KB Financial Group by 15.2% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 426,430 shares of the bank’s stock valued at $26,332,000 after acquiring an additional 56,400 shares during the period. Acadian Asset Management LLC raised its position in shares of KB Financial Group by 3.9% during the second quarter. Acadian Asset Management LLC now owns 267,625 shares of the bank’s stock valued at $15,146,000 after buying an additional 10,014 shares during the last quarter. Finally, Capital International Investors raised its position in KB Financial Group by 8.2% in the first quarter. Capital International Investors now owns 254,968 shares of the bank’s stock worth $13,276,000 after purchasing an additional 19,260 shares in the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded KB Financial Group from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th.

About KB Financial Group

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.