Capstone Asset Management Co. increased its position in BT Group PLC (NYSE:BT) by 1.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 152,643 shares of the company’s stock after buying an additional 1,560 shares during the period. Capstone Asset Management Co.’s holdings in BT Group PLC were worth $3,882,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. World Asset Management Inc boosted its position in BT Group PLC by 8.2% in the second quarter. World Asset Management Inc now owns 123,232 shares of the company’s stock valued at $3,432,000 after buying an additional 9,381 shares during the last quarter. Freestone Capital Holdings LLC boosted its position in BT Group PLC by 25.2% in the second quarter. Freestone Capital Holdings LLC now owns 69,049 shares of the company’s stock valued at $1,923,000 after buying an additional 13,887 shares during the last quarter. Douglass Winthrop Advisors LLC acquired a new position in BT Group PLC during the second quarter valued at about $214,000. Capital Fund Management S.A. boosted its position in BT Group PLC by 577.8% in the second quarter. Capital Fund Management S.A. now owns 48,800 shares of the company’s stock valued at $1,359,000 after buying an additional 41,600 shares during the last quarter. Finally, Emerald Acquisition Ltd. acquired a new position in BT Group PLC during the second quarter valued at about $521,000. Hedge funds and other institutional investors own 1.09% of the company’s stock.

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

BT Group PLC (NYSE:BT) traded up 1.36% during mid-day trading on Tuesday, reaching $22.43. The company’s stock had a trading volume of 639,994 shares. The company has a 50 day moving average of $23.06 and a 200-day moving average of $26.48. BT Group PLC has a 52-week low of $21.61 and a 52-week high of $37.20. The stock has a market cap of $44.55 billion, a PE ratio of 12.85 and a beta of 1.15.

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Several brokerages recently weighed in on BT. Haitong Bank decreased their target price on BT Group PLC from GBX 600 ($7.44) to GBX 560 ($6.95) and set a “buy” rating for the company in a research note on Tuesday, August 2nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 440 ($5.46) target price on shares of BT Group PLC in a research note on Friday, October 28th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of BT Group PLC in a research note on Tuesday, October 18th. Macquarie cut BT Group PLC from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $360.00 to $310.00 in a research note on Friday, October 7th. Finally, Barclays PLC reaffirmed an “overweight” rating on shares of BT Group PLC in a report on Tuesday, August 23rd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $437.41.

About BT Group PLC

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