Profund Advisors LLC lessened its stake in BT Group PLC (NYSE:BT) by 21.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,036 shares of the utilities provider’s stock after selling 11,918 shares during the quarter. Profund Advisors LLC’s holdings in BT Group PLC were worth $855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of BT. First Trust Advisors LP raised its position in shares of BT Group PLC by 20.6% in the 1st quarter. First Trust Advisors LP now owns 122,664 shares of the utilities provider’s stock worth $2,464,000 after purchasing an additional 20,992 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of BT Group PLC by 1,155.3% in the 1st quarter. Advisors Asset Management Inc. now owns 26,475 shares of the utilities provider’s stock worth $532,000 after purchasing an additional 24,366 shares during the last quarter. Comerica Bank raised its position in shares of BT Group PLC by 1.1% in the 1st quarter. Comerica Bank now owns 115,951 shares of the utilities provider’s stock worth $2,325,000 after purchasing an additional 1,317 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of BT Group PLC by 10.4% in the 1st quarter. Ameriprise Financial Inc. now owns 48,683 shares of the utilities provider’s stock worth $977,000 after purchasing an additional 4,582 shares during the last quarter. Finally, Stevens Capital Management LP raised its position in shares of BT Group PLC by 122.8% in the 1st quarter. Stevens Capital Management LP now owns 24,556 shares of the utilities provider’s stock worth $493,000 after purchasing an additional 13,536 shares during the last quarter. 0.99% of the stock is owned by hedge funds and other institutional investors.

Shares of BT Group PLC (BT) opened at 19.34 on Friday. The stock has a market cap of $38.44 billion, a price-to-earnings ratio of 18.25 and a beta of 1.06. The stock’s 50 day moving average is $19.44 and its 200 day moving average is $19.76. BT Group PLC has a 52-week low of $18.06 and a 52-week high of $26.35.

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BT has been the subject of several recent analyst reports. Zacks Investment Research raised BT Group PLC from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Monday, August 28th. BidaskClub raised BT Group PLC from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Citigroup Inc. reaffirmed a “buy” rating on shares of BT Group PLC in a research report on Monday, May 29th. Deutsche Bank AG reaffirmed a “sell” rating and issued a GBX 265 ($3.57) price target on shares of BT Group PLC in a research report on Thursday, August 24th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 330 ($4.45) price target on shares of BT Group PLC in a research report on Thursday, June 8th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $340.11.

BT Group PLC Company Profile

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

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