CIBC World Markets Inc. lowered its stake in BT Group PLC (NYSE:BT) by 3.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,533 shares of the company’s stock after selling 3,423 shares during the period. CIBC World Markets Inc.’s holdings in BT Group PLC were worth $2,607,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can acquired a new position in shares of BT Group PLC during the second quarter valued at about $488,000. Trust Co. of Toledo NA OH increased its position in shares of BT Group PLC by 3.7% in the second quarter. Trust Co. of Toledo NA OH now owns 41,212 shares of the company’s stock valued at $1,148,000 after buying an additional 1,488 shares during the last quarter. Miller Howard Investments Inc. NY acquired a new position in shares of BT Group PLC during the second quarter valued at about $7,453,000. Bollard Group LLC increased its position in shares of BT Group PLC by 4.9% in the second quarter. Bollard Group LLC now owns 44,783 shares of the company’s stock valued at $1,247,000 after buying an additional 2,100 shares during the last quarter. Finally, Boston Common Asset Management LLC acquired a new position in shares of BT Group PLC during the second quarter valued at about $1,555,000. Institutional investors and hedge funds own 1.09% of the company’s stock.

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

Shares of BT Group PLC (NYSE:BT) traded down 2.51% during midday trading on Monday, hitting $22.13. The company had a trading volume of 595,017 shares. The stock has a market capitalization of $43.96 billion, a price-to-earnings ratio of 12.68 and a beta of 1.15. BT Group PLC has a one year low of $21.61 and a one year high of $37.20. The stock’s 50-day moving average price is $23.06 and its 200-day moving average price is $26.48.

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Several equities analysts have issued reports on the company. Jefferies Group cut their price objective on BT Group PLC from GBX 400 ($4.96) to GBX 385 ($4.78) and set a “hold” rating for the company in a research report on Monday. Macquarie reiterated an “underperform” rating and issued a GBX 310 ($3.85) price objective on shares of BT Group PLC in a research report on Thursday, October 27th. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 345 ($4.28) price objective on shares of BT Group PLC in a research report on Friday, October 28th. Societe Generale reiterated a “buy” rating and issued a GBX 500 ($6.20) price objective on shares of BT Group PLC in a research report on Tuesday, August 9th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of BT Group PLC in a research report on Wednesday, August 17th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $437.41.

About BT Group PLC

5 Day Chart for NYSE:BT

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