The BT Group PLC (BT) Stake Decreased by Stephens Inc. AR

The BT Group PLC (BT) Stake Decreased by Stephens Inc. AR

Stephens Inc. AR decreased its stake in BT Group PLC (NYSE:BT) by 51.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,008 shares of the company’s stock after selling 24,459 shares during the period. Stephens Inc. AR’s holdings in BT Group PLC were worth $585,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BT. Miller Howard Investments Inc. NY raised its position in BT Group PLC by 95.7% in the third quarter. Miller Howard Investments Inc. NY now owns 523,622 shares of the company’s stock valued at $13,316,000 after buying an additional 256,025 shares in the last quarter. Thornburg Investment Management Inc. purchased a new position in BT Group PLC during the second quarter valued at $6,736,000. JPMorgan Chase & Co. raised its position in BT Group PLC by 198.6% in the third quarter. JPMorgan Chase & Co. now owns 342,739 shares of the company’s stock valued at $8,716,000 after buying an additional 227,938 shares in the last quarter. Grimes & Company Inc. purchased a new position in BT Group PLC during the third quarter valued at $1,957,000. Finally, First Mercantile Trust Co. purchased a new position in BT Group PLC during the third quarter valued at $1,195,000. Institutional investors own 1.08% of the company’s stock.

Shares of BT Group PLC (NYSE:BT) traded down 1.98% during trading on Wednesday, reaching $23.74. 418,419 shares of the company traded hands. BT Group PLC has a 12-month low of $21.61 and a 12-month high of $36.04. The stock has a market capitalization of $47.16 billion, a PE ratio of 13.76 and a beta of 1.12. The firm’s 50-day moving average is $23.30 and its 200-day moving average is $24.59.

The business also recently disclosed a dividend, which will be paid on Monday, February 13th. Shareholders of record on Friday, December 30th will be given a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, December 28th. BT Group PLC’s dividend payout ratio is 32.26%.

Several research analysts have recently weighed in on BT shares. Deutsche Bank AG restated a “sell” rating and set a GBX 345 ($4.16) price objective on shares of BT Group PLC in a research note on Friday, October 28th. BNP Paribas restated a “neutral” rating and set a GBX 395 ($4.77) price objective on shares of BT Group PLC in a research note on Thursday, October 6th. Zacks Investment Research lowered shares of BT Group PLC from a “hold” rating to a “sell” rating in a research note on Monday, October 17th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of BT Group PLC in a research note on Thursday, October 13th. Finally, Jefferies Group reiterated a “hold” rating and issued a GBX 400 ($4.83) price target on shares of BT Group PLC in a research note on Monday, October 3rd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. BT Group PLC has an average rating of “Hold” and a consensus target price of $431.82.

BT Group PLC Company Profile

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