Truist Financial Corp Makes New Investment in KT Co. (NYSE:KT)

Truist Financial Corp bought a new position in shares of KT Co. (NYSE:KT) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 11,693 shares of the technology company’s stock, valued at approximately $181,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Securities Inc. boosted its holdings in shares of KT by 70.6% in the 4th quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock valued at $58,000 after buying an additional 1,544 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of KT by 57.4% in the 4th quarter. Rhumbline Advisers now owns 90,816 shares of the technology company’s stock valued at $1,409,000 after buying an additional 33,119 shares in the last quarter. Savant Capital LLC bought a new stake in shares of KT in the 4th quarter valued at about $182,000. Kestra Private Wealth Services LLC bought a new stake in shares of KT in the 4th quarter valued at about $670,000. Finally, Ninety One UK Ltd bought a new stake in shares of KT in the 4th quarter valued at about $59,145,000. 18.86% of the stock is currently owned by institutional investors.

KT Stock Performance

Shares of KT stock opened at $17.90 on Friday. The firm has a market capitalization of $9.23 billion, a P/E ratio of 10.06, a PEG ratio of 0.37 and a beta of 0.95. 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 company has a 50 day moving average price of $16.85 and a 200 day moving average price of $16.10. KT Co. has a 52 week low of $12.10 and a 52 week high of $18.45.

Analyst Ratings Changes

KT has been the topic of a number of recent analyst reports. The Goldman Sachs Group upgraded shares of KT from a “neutral” rating to a “buy” rating in a report on Monday. UBS Group began coverage on shares of KT in a research report on Wednesday, February 19th. They issued a “buy” rating for the company. Finally, StockNews.com lowered shares of KT from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 20th.

About KT

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.