KT Co. (NYSE:KT) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp boosted its position in shares of KT Co. (NYSE:KT - Free Report) by 109.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,400 shares of the technology company's stock after purchasing an additional 36,254 shares during the period. Stifel Financial Corp's holdings in KT were worth $1,077,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in KT. R Squared Ltd purchased a new position in shares of KT during the fourth quarter worth approximately $36,000. Principal Securities Inc. grew its position in shares of KT by 70.6% during the 4th quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock worth $58,000 after buying an additional 1,544 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of KT by 80.7% during the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company's stock valued at $101,000 after buying an additional 2,902 shares during the period. Global Retirement Partners LLC raised its holdings in shares of KT by 58.2% in the fourth quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company's stock valued at $113,000 after acquiring an additional 2,667 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in KT by 37.5% in the fourth quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company's stock worth $124,000 after acquiring an additional 2,181 shares during the period. Institutional investors own 18.86% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. StockNews.com lowered shares of KT from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 20th. UBS Group assumed coverage on shares of KT in a research report on Wednesday, February 19th. They issued a "buy" rating on the stock. Finally, The Goldman Sachs Group raised KT from a "neutral" rating to a "buy" rating in a research report on Monday, March 3rd.

KT Stock Performance

Shares of KT traded up $0.26 during trading hours on Friday, reaching $19.32. 1,424,094 shares of the company traded hands, compared to its average volume of 1,149,186. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. The business has a fifty day moving average price of $18.13 and a 200-day moving average price of $17.08. KT Co. has a 12-month low of $13.11 and a 12-month high of $20.28. The stock has a market capitalization of $9.96 billion, a P/E ratio of 10.85, a P/E/G ratio of 0.37 and a beta of 0.68.

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.