KB Financial Group Inc. (NYSE:KB) Short Interest Down 28.4% in March

KB Financial Group Inc. (NYSE:KB - Get Free Report) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 398,100 shares, a drop of 28.4% from the March 15th total of 556,200 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 175,600 shares, the short-interest ratio is presently 2.3 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Northern Trust Corp boosted its stake in KB Financial Group by 310.0% in the 4th quarter. Northern Trust Corp now owns 912,529 shares of the bank's stock worth $51,923,000 after purchasing an additional 689,979 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of KB Financial Group by 4.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 815,893 shares of the bank's stock worth $46,424,000 after buying an additional 36,394 shares during the period. American Century Companies Inc. grew its holdings in shares of KB Financial Group by 4.9% during the fourth quarter. American Century Companies Inc. now owns 613,203 shares of the bank's stock valued at $34,891,000 after buying an additional 28,627 shares in the last quarter. Capital International Investors grew its holdings in shares of KB Financial Group by 7.2% during the fourth quarter. Capital International Investors now owns 512,752 shares of the bank's stock valued at $29,194,000 after buying an additional 34,585 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its position in KB Financial Group by 4.9% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 447,400 shares of the bank's stock valued at $25,457,000 after buying an additional 20,970 shares during the period. 11.52% of the stock is owned by hedge funds and other institutional investors.

KB Financial Group Price Performance

Shares of KB Financial Group stock traded up $0.58 during trading on Wednesday, hitting $59.12. The stock had a trading volume of 67,138 shares, compared to its average volume of 190,112. KB Financial Group has a fifty-two week low of $46.38 and a fifty-two week high of $72.89. The firm has a market cap of $23.27 billion, a P/E ratio of 6.89, a PEG ratio of 0.52 and a beta of 0.92. The business has a fifty day moving average of $54.59 and a two-hundred day moving average of $60.23. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.66 and a quick ratio of 1.66.

KB Financial Group (NYSE:KB - Get Free Report) last announced its earnings results on Wednesday, March 5th. The bank reported $1.21 earnings per share (EPS) for the quarter. The company had revenue of $2.94 billion for the quarter. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. On average, sell-side analysts expect that KB Financial Group will post 8.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of KB Financial Group from a "hold" rating to a "buy" rating in a research report on Friday, April 18th.

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.