Susquehanna International Group LLP Acquires Shares of 57,600 BT Group PLC (BT)

Susquehanna International Group LLP acquired a new position in BT Group PLC (NYSE:BT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 57,600 shares of the utilities provider’s stock, valued at approximately $1,118,000.

Several other institutional investors and hedge funds have also bought and sold shares of BT. Raymond James Financial Services Advisors Inc. raised its stake in BT Group PLC by 7.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 16,935 shares of the utilities provider’s stock worth $329,000 after acquiring an additional 1,204 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in BT Group PLC 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 acquiring an additional 994,311 shares during the period. Cubist Systematic Strategies LLC raised its stake in BT Group PLC by 16.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 24,522 shares of the utilities provider’s stock worth $476,000 after acquiring an additional 3,417 shares during the period. Royal Bank of Canada raised its stake in BT Group PLC 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 acquiring an additional 230,781 shares during the period. Finally, Guardian Capital Advisors LP raised its stake in BT Group PLC by 139.3% during the 2nd quarter. Guardian Capital Advisors LP now owns 33,685 shares of the utilities provider’s stock worth $665,000 after acquiring an additional 19,610 shares during the period. 0.99% of the stock is currently owned by institutional investors.

A number of research firms have commented on BT. Citigroup Inc. cut shares of BT Group PLC from a “buy” rating to a “hold” rating in a research note on Monday. Credit Suisse Group cut shares of BT Group PLC to a “neutral” rating and decreased their target price for the stock from GBX 360 ($4.73) to GBX 310 ($4.08) in a research note on Monday. Morgan Stanley decreased their target price on shares of BT Group PLC from GBX 350 ($4.60) to GBX 320 ($4.21) and set an “equal weight” rating on the stock in a research note on Wednesday, October 4th. Zacks Investment Research upgraded shares of BT Group PLC from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Monday, October 2nd. Finally, Numis Securities Ltd restated a “buy” rating and set a GBX 390 ($5.13) target price on shares of BT Group PLC in a research note on Sunday, September 24th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. BT Group PLC currently has a consensus rating of “Hold” and an average price target of $334.00.

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Shares of BT Group PLC (BT) traded down 0.43% during midday trading on Friday, reaching $18.66. 109,979 shares of the company traded hands. BT Group PLC has a 1-year low of $18.06 and a 1-year high of $24.65. The firm has a market capitalization of $37.09 billion, a PE ratio of 17.60 and a beta of 1.04. The stock has a 50 day moving average price of $19.05 and a 200 day moving average price of $19.59.

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Institutional Ownership by Quarter for BT Group PLC (NYSE:BT)

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