SG Americas Securities LLC Has $1.29 Million Position in Vodafone Group Plc (VOD)

SG Americas Securities LLC raised its stake in shares of Vodafone Group Plc (NASDAQ:VOD) by 208.5% in the 1st quarter, Holdings Channel reports. The firm owned 71,011 shares of the cell phone carrier’s stock after purchasing an additional 136,468 shares during the quarter. SG Americas Securities LLC’s holdings in Vodafone Group were worth $1,291,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Deutsche Bank AG raised its position in Vodafone Group by 118.0% during the 4th quarter. Deutsche Bank AG now owns 3,674,751 shares of the cell phone carrier’s stock worth $70,845,000 after purchasing an additional 1,989,173 shares during the last quarter. OLD Mission Capital LLC bought a new position in shares of Vodafone Group in the 4th quarter worth about $59,733,000. Oppenheimer Asset Management Inc. raised its position in shares of Vodafone Group by 22.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 2,801,100 shares of the cell phone carrier’s stock worth $50,925,000 after acquiring an additional 522,182 shares in the last quarter. Schafer Cullen Capital Management Inc raised its position in shares of Vodafone Group by 36.1% in the 4th quarter. Schafer Cullen Capital Management Inc now owns 1,548,446 shares of the cell phone carrier’s stock worth $29,854,000 after acquiring an additional 411,110 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Vodafone Group by 351.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,292,661 shares of the cell phone carrier’s stock worth $28,049,000 after acquiring an additional 1,006,279 shares in the last quarter. 8.36% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on the company. Zacks Investment Research raised Vodafone Group from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Thursday, March 28th. BidaskClub raised Vodafone Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 4th. Argus lowered their price objective on Vodafone Group to $21.00 and set a “buy” rating for the company in a research report on Wednesday, March 13th. Finally, Exane BNP Paribas lowered Vodafone Group from an “outperform” rating to a “neutral” rating in a research report on Friday, March 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Vodafone Group presently has a consensus rating of “Buy” and an average price target of $25.13.

VOD stock opened at $16.77 on Tuesday. Vodafone Group Plc has a 1-year low of $16.75 and a 1-year high of $28.64. The stock has a market capitalization of $45.88 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 2.30 and a beta of 0.73. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.30 and a quick ratio of 1.27.

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Vodafone Group Company Profile

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

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Institutional Ownership by Quarter for Vodafone Group (NASDAQ:VOD)

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