Ameriprise Financial Inc. Has $1.15 Million Stock Holdings in KT Co. (NYSE:KT)

Ameriprise Financial Inc. raised its holdings in KT Co. (NYSE:KT - Free Report) by 117.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,919 shares of the technology company's stock after purchasing an additional 39,956 shares during the quarter. Ameriprise Financial Inc.'s holdings in KT were worth $1,147,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of KT. Wellington Management Group LLP boosted its holdings in shares of KT by 392.0% during the 4th quarter. Wellington Management Group LLP now owns 9,917,081 shares of the technology company's stock valued at $153,913,000 after acquiring an additional 7,901,522 shares in the last quarter. Capital International Investors acquired a new stake in shares of KT during the 4th quarter valued at $135,833,000. North of South Capital LLP boosted its holdings in shares of KT by 2,407.3% during the 4th quarter. North of South Capital LLP now owns 4,217,653 shares of the technology company's stock valued at $65,458,000 after acquiring an additional 4,049,439 shares in the last quarter. Ninety One UK Ltd acquired a new stake in shares of KT during the 4th quarter valued at $59,145,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of KT by 28.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,697,187 shares of the technology company's stock valued at $26,340,000 after acquiring an additional 376,194 shares in the last quarter. Institutional investors and hedge funds own 18.86% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KT shares. The Goldman Sachs Group raised KT from a "neutral" rating to a "buy" rating in a report on Monday, March 3rd. Wall Street Zen downgraded KT from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 20th. Finally, UBS Group initiated coverage on KT in a report on Wednesday, February 19th. They set a "buy" rating on the stock.

KT Trading Up 2.2%

KT traded up $0.43 during midday trading on Thursday, hitting $19.66. 1,624,531 shares of the company were exchanged, compared to its average volume of 1,229,467. The firm has a market capitalization of $10.14 billion, a P/E ratio of 11.04, a P/E/G ratio of 0.37 and a beta of 0.68. KT Co. has a 1-year low of $13.11 and a 1-year high of $20.28. The firm's 50 day moving average price is $18.62 and its 200-day moving average price is $17.54. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28.

KT Company Profile

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services.