BB&T Securities LLC increased its position in shares of BT Group plc (NYSE:BT) by 2.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 329,856 shares of the utilities provider’s stock after purchasing an additional 7,432 shares during the quarter. BB&T Securities LLC’s holdings in BT Group were worth $4,769,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Ausdal Financial Partners Inc. purchased a new position in BT Group during the second quarter valued at approximately $153,000. Advisor Partners LLC purchased a new position in BT Group during the second quarter valued at approximately $154,000. Barclays PLC raised its position in BT Group by 377.3% during the first quarter. Barclays PLC now owns 10,500 shares of the utilities provider’s stock valued at $170,000 after acquiring an additional 8,300 shares in the last quarter. PNC Financial Services Group Inc. raised its position in BT Group by 79.4% during the first quarter. PNC Financial Services Group Inc. now owns 10,756 shares of the utilities provider’s stock valued at $174,000 after acquiring an additional 4,759 shares in the last quarter. Finally, LPL Financial LLC purchased a new position in BT Group during the first quarter valued at approximately $228,000. 0.79% of the stock is owned by hedge funds and other institutional investors.

BT has been the subject of several recent research reports. Jefferies Financial Group upgraded BT Group from a “hold” rating to a “buy” rating in a research report on Wednesday, June 20th. Royal Bank of Canada cut BT Group from an “outperform” rating to a “hold” rating in a research report on Wednesday, July 25th. Sanford C. Bernstein cut BT Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 16th. UBS Group cut BT Group from a “buy” rating to a “neutral” rating in a research report on Thursday, May 17th. Finally, ValuEngine cut BT Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 22nd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $264.89.

BT Group stock opened at $14.73 on Thursday. The company has a market capitalization of $28.85 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 8.65 and a beta of 0.92. BT Group plc has a 12 month low of $13.53 and a 12 month high of $19.79. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.82 and a quick ratio of 0.80.

BT Group Company Profile

BT Group plc provides communications services worldwide. Its Consumer segment sells telephones, baby monitors, and Wi-Fi extenders through high street retailers, online BT Shop, and Website BT.com; and offers home phone, copper and fiber broadband, TV, and mobile services in various packages. The company's EE segment offers 2G, 3G, and 4G mobile network services; broadband, fixed-voice, and TV services; and postpaid and prepaid plans, and emergency services network.

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

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