Northern Trust Corp Boosts Stake in BT Group plc (NYSE:BT)

Northern Trust Corp raised its holdings in BT Group plc (NYSE:BT) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,746,659 shares of the utilities provider’s stock after purchasing an additional 56,506 shares during the period. Northern Trust Corp owned 0.09% of BT Group worth $26,549,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BT. Proficio Capital Partners LLC increased its position in BT Group by 61.2% during the fourth quarter. Proficio Capital Partners LLC now owns 2,511 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 953 shares during the last quarter. Synovus Financial Corp increased its position in BT Group by 18.2% during the fourth quarter. Synovus Financial Corp now owns 6,500 shares of the utilities provider’s stock worth $98,000 after purchasing an additional 1,000 shares during the last quarter. Dearborn Partners LLC increased its position in BT Group by 8.3% during the fourth quarter. Dearborn Partners LLC now owns 16,096 shares of the utilities provider’s stock worth $245,000 after purchasing an additional 1,232 shares during the last quarter. Comerica Bank increased its position in BT Group by 1.2% during the fourth quarter. Comerica Bank now owns 116,302 shares of the utilities provider’s stock worth $1,796,000 after purchasing an additional 1,371 shares during the last quarter. Finally, FDx Advisors Inc. increased its position in BT Group by 5.5% during the fourth quarter. FDx Advisors Inc. now owns 40,954 shares of the utilities provider’s stock worth $623,000 after purchasing an additional 2,117 shares during the last quarter. 0.95% of the stock is currently owned by institutional investors.

Shares of BT stock traded down $0.03 on Friday, hitting $15.16. The stock had a trading volume of 388,266 shares, compared to its average volume of 754,327. The company has a market capitalization of $30.08 billion, a PE ratio of 8.19 and a beta of 0.58. The company has a current ratio of 0.95, a quick ratio of 0.92 and a debt-to-equity ratio of 1.30. BT Group plc has a 52-week low of $13.53 and a 52-week high of $17.38.

BT has been the subject of several research reports. Zacks Investment Research downgraded shares of BT Group from a “buy” rating to a “sell” rating in a research note on Tuesday, January 1st. JPMorgan Chase & Co. upgraded shares of BT Group from a “neutral” rating to an “overweight” rating in a research note on Thursday, January 24th. Bank of America downgraded shares of BT Group from a “buy” rating to a “neutral” rating in a research note on Thursday, January 31st. Berenberg Bank downgraded shares of BT Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 26th. Finally, Jefferies Financial Group initiated coverage on shares of BT Group in a research note on Thursday, March 21st. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. BT Group currently has a consensus rating of “Hold” and an average target price of $17.00.

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About BT Group

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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