Sei Investments Co. grew its stake in BT Group PLC (NYSE:BT) by 47.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,616 shares of the utilities provider’s stock after buying an additional 7,549 shares during the period. Sei Investments Co.’s holdings in BT Group were worth $454,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Royal Bank of Canada lifted its position in shares of BT Group by 22.8% during the 2nd quarter. Royal Bank of Canada now owns 1,245,026 shares of the utilities provider’s stock worth $24,166,000 after purchasing an additional 230,781 shares during the last quarter. Sit Investment Associates Inc. lifted its position in shares of BT Group by 2.3% during the 3rd quarter. Sit Investment Associates Inc. now owns 737,900 shares of the utilities provider’s stock worth $14,197,000 after purchasing an additional 16,820 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of BT Group by 1,839.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,048,354 shares of the utilities provider’s stock worth $20,349,000 after purchasing an additional 994,311 shares during the last quarter. Freestone Capital Holdings LLC lifted its position in shares of BT Group by 18.1% during the 2nd quarter. Freestone Capital Holdings LLC now owns 172,691 shares of the utilities provider’s stock worth $3,352,000 after purchasing an additional 26,410 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new position in shares of BT Group during the 2nd quarter worth about $1,616,000. 0.96% of the stock is owned by institutional investors.
Several equities analysts recently weighed in on BT shares. Zacks Investment Research raised BT Group from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Monday, August 28th. Credit Suisse Group lowered their price target on BT Group from GBX 320 ($4.31) to GBX 280 ($3.77) and set a “neutral” rating on the stock in a research note on Tuesday, November 7th. Deutsche Bank restated a “sell” rating and set a GBX 265 ($3.57) price target on shares of BT Group in a research note on Thursday, October 26th. Finally, Beaufort Securities lowered BT Group to a “hold” rating and lowered their price target for the company from GBX 340 ($4.58) to GBX 265 ($3.57) in a research note on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $317.18.
Shares of BT Group PLC (NYSE BT) opened at $18.06 on Tuesday. The company has a market capitalization of $35,781.68, a P/E ratio of 9.97, a P/E/G ratio of 5.03 and a beta of 0.99. BT Group PLC has a 12-month low of $16.15 and a 12-month high of $24.65. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50.
The firm also recently declared a None dividend, which will be paid on Monday, February 12th. Investors of record on Friday, December 29th will be given a dividend of $0.297 per share. The ex-dividend date is Thursday, December 28th. This represents a yield of 3.84%. BT Group’s dividend payout ratio (DPR) is presently 91.35%.
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BT Group Company Profile
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