Northern Trust Corp lifted its holdings in shares of KT Corp (NYSE:KT) by 3.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 545,876 shares of the technology company’s stock after acquiring an additional 16,397 shares during the quarter. Northern Trust Corp’s holdings in KT were worth $7,763,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of KT by 6.7% during the 4th quarter. BlackRock Inc. now owns 5,259,544 shares of the technology company’s stock worth $74,790,000 after purchasing an additional 330,545 shares during the period. Diversified Trust Co purchased a new position in KT during the 4th quarter valued at about $284,000. Centre Asset Management LLC purchased a new position in KT during the 4th quarter valued at about $251,000. Vanguard Group Inc boosted its holdings in KT by 2.8% during the 3rd quarter. Vanguard Group Inc now owns 115,472 shares of the technology company’s stock valued at $1,715,000 after acquiring an additional 3,100 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in KT by 63.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 375,012 shares of the technology company’s stock valued at $5,333,000 after acquiring an additional 145,174 shares during the period. Institutional investors and hedge funds own 33.46% of the company’s stock.
Separately, Zacks Investment Research upgraded KT from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Thursday, February 14th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.00.
COPYRIGHT VIOLATION WARNING: This news story was first posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this news story can be accessed at https://www.tickerreport.com/banking-finance/4296136/kt-corp-kt-shares-bought-by-northern-trust-corp.html.
KT Company Profile
KT Corporation provides telecommunications services in Korea and internationally. The company offers local, domestic long-distance, and international long-distance fixed-line and voice over Internet protocol fixed-line telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services, including IPTV services; and data communication services, such as leased line and broadband Internet connection services to institutional customers.
See Also: What is the S&P 500 Index?
Want to see what other hedge funds are holding KT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KT Corp (NYSE:KT).
Receive News & Ratings for KT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KT and related companies with MarketBeat.com's FREE daily email newsletter.