Raymond James Financial Services Advisors Inc. lifted its position in shares of BT Group PLC (NYSE:BT) by 7.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,935 shares of the utilities provider’s stock after acquiring an additional 1,204 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in BT Group PLC were worth $329,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of BT. Arrowstreet Capital Limited Partnership boosted its stake in shares of BT Group PLC by 1,839.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,048,354 shares of the utilities provider’s stock worth $20,349,000 after acquiring an additional 994,311 shares in the last quarter. Sit Investment Associates Inc. boosted its stake in shares of BT Group PLC by 1,068.7% during the 2nd quarter. Sit Investment Associates Inc. now owns 721,080 shares of the utilities provider’s stock worth $13,996,000 after acquiring an additional 659,380 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of BT Group PLC by 22.8% during the 2nd quarter. Royal Bank of Canada now owns 1,245,026 shares of the utilities provider’s stock worth $24,166,000 after acquiring an additional 230,781 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of BT Group PLC by 325.9% during the 2nd quarter. Bank of Montreal Can now owns 199,604 shares of the utilities provider’s stock worth $3,875,000 after acquiring an additional 152,742 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its stake in shares of BT Group PLC by 34.0% during the 2nd quarter. Federated Investors Inc. PA now owns 427,900 shares of the utilities provider’s stock worth $8,306,000 after acquiring an additional 108,640 shares in the last quarter. 0.99% of the stock is currently owned by institutional investors and hedge funds.

Shares of BT Group PLC (BT) opened at $16.50 on Wednesday. The stock has a market cap of $33,262.68, a P/E ratio of 9.27, a PEG ratio of 4.67 and a beta of 0.98. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50. BT Group PLC has a 1-year low of $16.44 and a 1-year high of $24.65.

The company also recently declared a None dividend, which will be paid on Monday, February 12th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.297 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a dividend yield of 3.84%. BT Group PLC’s dividend payout ratio is currently 91.35%.

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BT has been the topic of several recent analyst reports. Numis Securities Ltd reissued a “buy” rating and set a GBX 390 ($5.13) target price on shares of BT Group PLC in a research note on Wednesday, July 19th. Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 360 ($4.73) price target on shares of BT Group PLC in a research note on Monday, July 31st. BidaskClub raised shares of BT Group PLC from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research raised shares of BT Group PLC from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Monday, August 28th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $317.18.

BT Group PLC Profile

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

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