The stock last traded at $52.51 which is just over the 50 day moving average which is $49.72 and a bit higher than the 200 day moving average of $48.97. The 50 day moving average was up $2.79 or +5.61% and the 200 day average moved up $3.54. Trading volume for KB Financial Group Inc was 104K by the end of trading on Tuesday. Overall, volume was down 18.29% under the stocks normal daily volume.
Traders are more bearish on KB Financial Group Inc recently as indicated by the uptick in short interest. The firm saw a rise in short interest from September 29, 2017 to October 13, 2017 of 8.50%. Short interest increased from 458,989 to 498,016 over that timeframe. With short interest at 498,016 and short average daily volume at 94,772, days to cover is 5.0 and the percentage of shorted shares is 0.00% as of October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (KB). Mosaic Family Wealth, LLC trimmed its ownership by selling 39 shares a decrease of 4.1%. Mosaic Family Wealth, LLC now holds 922 shares worth $45,000. The value of the position overall is down by 8.2%. As of the end of the quarter Nationwide Fund Advisors had sold a total of 1,600 shares trimming its position 3.1%. The value of the total investment in KB Financial Group Inc went from $2,602,000 to $2,448,000 decreasing 5.9% for the reporting period.
Aperio Group, LLC augmented its stake by buying 14,906 shares an increase of 3.2% as of 09/30/2017. Aperio Group, LLC currently owns 474,597 shares with a value of $23,269,000. The total value of its holdings increased 0.3%. Simplex Trading, LLC added to its investment by buying 3,369 shares an increase of 1,182.1% in the quarter. Simplex Trading, LLC now controls 3,654 shares valued at $179,000. The total value of its holdings increased 1,178.6%.
The P/E ratio is 8.14 and the market cap is 20.82B.
KB Financial Group Inc., launched on October 29, 2008, is a financial holding company in Korea. The Business’s operations include Kookmin Bank, a commercial bank in Korea. The Business’s subsidiaries engage in a range of businesses, including commercial banking, credit cards, asset management, life insurance, capital markets activities and international banking. The Company operates through six business segments: retail banking operations, corporate banking operations, other banking operations, credit card operations, investment and securities operations, and life insurance operations. The Company provides credit and related financial services to individuals and small- and medium-sized enterprises and, to a lesser extent, to large corporate customers. It provides a range of deposit products and related services to both individuals and enterprises of all sizes. Through its capital markets operations, the Company invests and trades in debt and equity securities and, to a lesser extent, engages in derivatives and asset securitization transactions and makes call loans..