Virtu Financial LLC acquired a new position in BT Group plc (NYSE:BT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,374 shares of the utilities provider’s stock, valued at approximately $317,000.
Other institutional investors also recently added to or reduced their stakes in the company. Berkeley Capital Partners LLC raised its stake in BT Group by 10.5% in the 3rd quarter. Berkeley Capital Partners LLC now owns 36,086 shares of the utilities provider’s stock valued at $694,000 after purchasing an additional 3,434 shares during the last quarter. SG Americas Securities LLC raised its stake in BT Group by 15.6% in the 4th quarter. SG Americas Securities LLC now owns 32,999 shares of the utilities provider’s stock valued at $601,000 after purchasing an additional 4,441 shares during the last quarter. Pacer Advisors Inc. raised its stake in BT Group by 6.4% in the 3rd quarter. Pacer Advisors Inc. now owns 88,586 shares of the utilities provider’s stock valued at $1,704,000 after purchasing an additional 5,319 shares during the last quarter. Sei Investments Co. raised its stake in BT Group by 47.0% in the 3rd quarter. Sei Investments Co. now owns 23,616 shares of the utilities provider’s stock valued at $454,000 after purchasing an additional 7,549 shares during the last quarter. Finally, Ballentine Partners LLC acquired a new position in BT Group in the 4th quarter valued at $197,000. Institutional investors and hedge funds own 0.90% of the company’s stock.
Several research analysts recently commented on the company. 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 note on Wednesday, January 31st. Bank of America raised BT Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 2nd. UBS raised BT Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 13th. Citigroup reissued a “neutral” rating on shares of BT Group in a research note on Friday, November 24th. Finally, ValuEngine raised BT Group from a “hold” rating to a “buy” rating in a research note on Monday, November 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the stock. BT Group presently has an average rating of “Hold” and a consensus target price of $309.13.
Shares of BT Group plc (NYSE:BT) traded down $0.25 during trading hours on Tuesday, hitting $15.75. The company had a trading volume of 700,068 shares, compared to its average volume of 1,305,870. The company has a quick ratio of 0.75, a current ratio of 0.77 and a debt-to-equity ratio of 1.46. The firm has a market cap of $31,889.00, a P/E ratio of 14.19 and a beta of 1.02. BT Group plc has a 1 year low of $15.75 and a 1 year high of $21.16.
BT Group (NYSE:BT) last issued its quarterly earnings data on Friday, February 2nd. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.04). BT Group had a return on equity of 33.47% and a net margin of 7.11%. The business had revenue of $7.93 billion for the quarter, compared to analyst estimates of $8.60 billion. sell-side analysts expect that BT Group plc will post 1.95 EPS for the current year.
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BT Group Company Profile
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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