Susquehanna Fundamental Investments LLC bought a new position in BT Group plc (NYSE:BT) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 136,166 shares of the utilities provider’s stock, valued at approximately $2,200,000.
Several other institutional investors and hedge funds also recently modified their holdings of BT. Morningstar Investment Services LLC acquired a new position in shares of BT Group in the 1st quarter worth approximately $20,787,000. Jane Street Group LLC acquired a new position in shares of BT Group in the 4th quarter worth approximately $14,554,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of BT Group by 1,279.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 701,102 shares of the utilities provider’s stock worth $12,774,000 after buying an additional 650,293 shares in the last quarter. Federated Investors Inc. PA raised its holdings in shares of BT Group by 67.0% in the 1st quarter. Federated Investors Inc. PA now owns 1,216,733 shares of the utilities provider’s stock worth $19,662,000 after buying an additional 488,080 shares in the last quarter. Finally, Allianz Asset Management GmbH acquired a new position in shares of BT Group in the 1st quarter worth approximately $6,932,000. 0.92% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on BT. Zacks Investment Research raised BT Group from a “sell” rating to a “buy” rating and set a $19.00 target price for the company in a report on Monday, April 23rd. Berenberg Bank raised BT Group from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Deutsche Bank upgraded BT Group from a “sell” rating to a “hold” rating in a research report on Wednesday, February 21st. Barclays lowered BT Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 3rd. Finally, ValuEngine lowered BT Group from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company. BT Group has an average rating of “Hold” and a consensus price target of $304.93.
BT Group (NYSE:BT) last announced its quarterly earnings data on Thursday, May 10th. The utilities provider reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.04. The firm had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.67 billion. BT Group had a return on equity of 32.72% and a net margin of 8.64%. analysts forecast that BT Group plc will post 1.84 EPS for the current year.
The company also recently disclosed a semiannual dividend, which will be paid on Monday, September 10th. Shareholders of record on Friday, August 10th will be given a $0.711 dividend. This represents a yield of 9.9%. This is a positive change from BT Group’s previous semiannual dividend of $0.68. The ex-dividend date is Thursday, August 9th. BT Group’s dividend payout ratio (DPR) is presently 52.97%.
BT Group Company Profile
BT Group plc provides communications services worldwide. Its Consumer segment sells telephones, baby monitors, and Wi-Fi extenders through high street retailers and the online BT Shop, as well as through Website BT.com; and offers home phone, copper and fiber broadband, TV, and mobile services in various packages.
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