Semmax Financial Advisors Inc. Increases Holdings in BT Group plc (NYSE:BT)

Semmax Financial Advisors Inc. grew its holdings in shares of BT Group plc (NYSE:BT) by 117.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,201 shares of the utilities provider’s stock after buying an additional 63,410 shares during the period. Semmax Financial Advisors Inc.’s holdings in BT Group were worth $1,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. CIBC World Markets Inc. purchased a new stake in shares of BT Group in the 1st quarter valued at about $450,000. Millennium Management LLC purchased a new stake in shares of BT Group in the 4th quarter valued at about $1,341,000. James Investment Research Inc. lifted its holdings in shares of BT Group by 835.6% in the 1st quarter. James Investment Research Inc. now owns 13,099 shares of the utilities provider’s stock valued at $193,000 after purchasing an additional 11,699 shares during the last quarter. FMR LLC lifted its holdings in shares of BT Group by 1.1% in the 4th quarter. FMR LLC now owns 391,182 shares of the utilities provider’s stock valued at $5,946,000 after purchasing an additional 4,276 shares during the last quarter. Finally, Morningstar Investment Services LLC lifted its holdings in shares of BT Group by 88.1% in the 1st quarter. Morningstar Investment Services LLC now owns 1,919,093 shares of the utilities provider’s stock valued at $28,384,000 after purchasing an additional 898,961 shares during the last quarter. 0.92% of the stock is owned by institutional investors.

Several research firms have recently weighed in on BT. Credit Suisse Group raised BT Group from a “neutral” rating to an “outperform” rating in a report on Monday, June 3rd. Deutsche Bank downgraded BT Group from a “hold” rating to a “sell” rating in a report on Monday, June 24th. Zacks Investment Research cut BT Group from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Finally, ValuEngine upgraded BT Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 4th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. BT Group has an average rating of “Hold” and a consensus price target of $17.00.

BT stock traded down $0.23 during trading on Friday, hitting $9.62. The company had a trading volume of 1,849,313 shares, compared to its average volume of 2,020,878. The firm has a market cap of $19.09 billion, a PE ratio of 7.57, a price-to-earnings-growth ratio of 1.59 and a beta of 0.71. BT Group plc has a 1-year low of $9.62 and a 1-year high of $17.33. The firm has a 50-day moving average price of $11.48 and a 200-day moving average price of $13.53. The company has a quick ratio of 1.05, a current ratio of 1.09 and a debt-to-equity ratio of 1.45.

The business also recently declared a semiannual dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 9th will be given a $0.6807 dividend. The ex-dividend date of this dividend is Thursday, August 8th. This is a boost from BT Group’s previous semiannual dividend of $0.30. BT Group’s payout ratio is 103.94%.

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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