BNP Paribas Financial Markets Has $3.79 Million Stock Holdings in KT Co. (NYSE:KT)

BNP Paribas Financial Markets boosted its position in KT Co. (NYSE:KT - Free Report) by 65.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 246,563 shares of the technology company's stock after purchasing an additional 97,838 shares during the period. BNP Paribas Financial Markets' holdings in KT were worth $3,792,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. grew its stake in shares of KT by 44.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,608,115 shares of the technology company's stock worth $55,493,000 after purchasing an additional 1,101,669 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of KT by 245.7% in the second quarter. Acadian Asset Management LLC now owns 1,132,607 shares of the technology company's stock valued at $15,476,000 after buying an additional 804,986 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of KT by 383.2% during the 2nd quarter. Natixis Advisors LLC now owns 171,515 shares of the technology company's stock valued at $2,345,000 after acquiring an additional 136,021 shares during the last quarter. Assetmark Inc. boosted its stake in shares of KT by 945.1% during the 3rd quarter. Assetmark Inc. now owns 137,383 shares of the technology company's stock worth $2,113,000 after acquiring an additional 124,237 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of KT by 31.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 406,381 shares of the technology company's stock worth $5,555,000 after acquiring an additional 96,518 shares during the last quarter. 18.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on KT shares. StockNews.com upgraded shares of KT from a "buy" rating to a "strong-buy" rating in a research report on Saturday, November 16th. New Street Research raised KT to a "strong-buy" rating in a research report on Monday, September 9th.

KT Stock Performance

KT stock traded down $0.78 during midday trading on Thursday, hitting $16.77. 1,907,694 shares of the company traded hands, compared to its average volume of 925,660. KT Co. has a twelve month low of $12.10 and a twelve month high of $18.45. The stock has a market capitalization of $8.65 billion, a price-to-earnings ratio of 9.42, a price-to-earnings-growth ratio of 1.32 and a beta of 0.93. 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 50 day simple moving average of $15.90 and a 200-day simple moving average of $14.71.

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.