Sit Investment Associates Inc. lessened its holdings in BT Group plc (NYSE:BT) by 88.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 83,800 shares of the utilities provider’s stock after selling 654,100 shares during the period. Sit Investment Associates Inc.’s holdings in BT Group were worth $1,527,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Arrowstreet Capital Limited Partnership increased its position in BT Group by 1,839.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,048,354 shares of the utilities provider’s stock valued at $20,349,000 after acquiring an additional 994,311 shares during the last quarter. Royal Bank of Canada increased its position in BT Group by 22.8% during the second quarter. Royal Bank of Canada now owns 1,245,026 shares of the utilities provider’s stock valued at $24,166,000 after acquiring an additional 230,781 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in BT Group during the third quarter valued at $3,613,000. Aperio Group LLC increased its position in BT Group by 40.8% during the third quarter. Aperio Group LLC now owns 497,907 shares of the utilities provider’s stock valued at $9,580,000 after acquiring an additional 144,367 shares during the last quarter. Finally, Susquehanna International Group LLP increased its position in BT Group by 166.0% during the third quarter. Susquehanna International Group LLP now owns 153,200 shares of the utilities provider’s stock valued at $2,948,000 after acquiring an additional 95,600 shares during the last quarter. Institutional investors own 0.92% of the company’s stock.
A number of research analysts have weighed in on the stock. UBS Group upgraded shares of BT Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 13th. Morgan Stanley cut their price objective on shares of BT Group from GBX 350 ($4.75) to GBX 320 ($4.34) and set an “equal weight” rating on the stock in a research report on Wednesday, October 4th. Zacks Investment Research cut shares of BT Group from a “buy” rating to a “hold” rating in a research report on Friday, September 29th. Numis Securities restated a “buy” rating and issued a GBX 390 ($5.29) price target on shares of BT Group in a report on Sunday, September 24th. Finally, ValuEngine upgraded shares of BT Group from a “hold” rating to a “buy” rating in a report on Monday, November 27th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $317.18.
Shares of BT Group plc (NYSE:BT) opened at $18.36 on Monday. BT Group plc has a one year low of $16.15 and a one year high of $24.44. The firm has a market cap of $36,416.38, a PE ratio of 18.00 and a beta of 0.98. The company has a quick ratio of 0.75, a current ratio of 0.77 and a debt-to-equity ratio of 1.46.
BT Group (NYSE:BT) last released its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.42 earnings per share for the quarter. BT Group had a net margin of 6.52% and a return on equity of 34.46%. analysts anticipate that BT Group plc will post 1.82 EPS for the current year.
The firm also recently disclosed a None dividend, which will be paid on Monday, February 12th. Investors of record on Friday, December 29th will be paid a $0.297 dividend. This represents a yield of 3.84%. The ex-dividend date is Thursday, December 28th. BT Group’s dividend payout ratio (DPR) is presently 94.12%.
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About BT Group
BT Group plc is a communications services company. The Company is engaged in selling fixed-voice services, broadband, mobile and television products and services, as well as managed networked information technology (IT) solutions and cyber security protection. Its segments include Consumer, which provides fixed-voice, broadband, TV and mobile services; EE, which is a mobile network operator in the United Kingdom and provides mobile and fixed communications services to consumers; Business and Public Sector, which provides communications and IT services to businesses and the public sector in the United Kingdom and the Republic of Ireland (RoI) ;Global Services, which provides managed networked IT services to corporate customers; Wholesale and Ventures, which provides fixed and mobile services to communications providers (CPs); and Openreach, which provides copper and fiber connections between its exchanges and homes and businesses.
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