Cubist Systematic Strategies LLC boosted its position in BT Group PLC (NYSE:BT) by 70.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,732 shares of the utilities provider’s stock after buying an additional 17,210 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in BT Group were worth $803,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Stephens Inc. AR increased its position in shares of BT Group by 3.2% during the 2nd quarter. Stephens Inc. AR now owns 11,204 shares of the utilities provider’s stock worth $217,000 after purchasing an additional 343 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of BT Group by 7.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 16,935 shares of the utilities provider’s stock worth $329,000 after acquiring an additional 1,204 shares during the last quarter. Suntrust Banks Inc. increased its holdings in shares of BT Group by 4.1% during the 2nd quarter. Suntrust Banks Inc. now owns 64,116 shares of the utilities provider’s stock worth $1,242,000 after acquiring an additional 2,525 shares during the last quarter. Berkeley Capital Partners LLC increased its holdings in shares of BT Group by 10.5% during the 3rd quarter. Berkeley Capital Partners LLC now owns 36,086 shares of the utilities provider’s stock worth $694,000 after acquiring an additional 3,434 shares during the last quarter. Finally, Bank of Hawaii increased its holdings in shares of BT Group by 15.9% during the 3rd quarter. Bank of Hawaii now owns 25,199 shares of the utilities provider’s stock worth $485,000 after acquiring an additional 3,448 shares during the last quarter. 0.96% of the stock is currently owned by institutional investors and hedge funds.

BT has been the topic of a number of recent analyst reports. Zacks Investment Research raised BT Group from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Monday, August 28th. ValuEngine lowered BT Group from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Macquarie reissued an “outperform” rating and set a GBX 355 ($4.78) target price on shares of BT Group in a report on Tuesday, September 12th. Jefferies Group reissued a “hold” rating and set a GBX 280 ($3.77) target price on shares of BT Group in a report on Wednesday, September 13th. Finally, Deutsche Bank reissued a “sell” rating and set a GBX 265 ($3.57) target price on shares of BT Group in a report on Thursday, September 14th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. BT Group presently has an average rating of “Hold” and an average price target of $317.18.

Shares of BT Group PLC (BT) opened at $18.26 on Friday. The stock has a market capitalization of $36,218.04, a price-to-earnings ratio of 10.09 and a beta of 0.99. BT Group PLC has a one year low of $16.15 and a one year high of $24.65. The company has a quick ratio of 0.81, a current ratio of 0.77 and a debt-to-equity ratio of 1.46.

The company also recently declared a None dividend, which will be paid on Monday, February 12th. Investors of record on Friday, December 29th will be paid a $0.297 dividend. The ex-dividend date is Thursday, December 28th. This represents a yield of 3.84%. BT Group’s dividend payout ratio (DPR) is presently 91.35%.

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BT Group Profile

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

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