Jane Street Group LLC Increases Position in BT Group plc (BT)

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Jane Street Group LLC increased its position in shares of BT Group plc (NYSE:BT) by 201.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 393,623 shares of the utilities provider’s stock after acquiring an additional 263,245 shares during the period. Jane Street Group LLC’s holdings in BT Group were worth $5,692,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in BT. Northern Trust Corp increased its position in BT Group by 5.9% during the first quarter. Northern Trust Corp now owns 1,427,969 shares of the utilities provider’s stock worth $23,077,000 after buying an additional 79,666 shares during the last quarter. Morningstar Investment Services LLC acquired a new position in BT Group during the first quarter worth $20,787,000. Federated Investors Inc. PA grew its position in shares of BT Group by 67.0% in the first quarter. Federated Investors Inc. PA now owns 1,216,733 shares of the utilities provider’s stock valued at $19,662,000 after purchasing an additional 488,080 shares during the last quarter. Aperio Group LLC grew its position in shares of BT Group by 33.4% in the second quarter. Aperio Group LLC now owns 577,775 shares of the utilities provider’s stock valued at $8,355,000 after purchasing an additional 144,525 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of BT Group by 93.6% in the first quarter. Wells Fargo & Company MN now owns 537,849 shares of the utilities provider’s stock valued at $8,692,000 after purchasing an additional 260,102 shares during the last quarter. Institutional investors and hedge funds own 0.78% of the company’s stock.

BT traded down $0.01 during trading on Friday, hitting $15.50. The company had a trading volume of 1,150,662 shares, compared to its average volume of 1,026,448. The stock has a market capitalization of $29.31 billion, a P/E ratio of 8.38, a P/E/G ratio of 8.98 and a beta of 0.87. BT Group plc has a one year low of $13.53 and a one year high of $18.97. The company has a current ratio of 0.82, a quick ratio of 0.80 and a debt-to-equity ratio of 1.16.

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada downgraded BT Group from an “outperform” rating to a “hold” rating in a research report on Wednesday, July 25th. Jefferies Financial Group raised BT Group from a “hold” rating to a “buy” rating in a research report on Wednesday, June 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. BT Group has an average rating of “Hold” and a consensus price target of $247.33.

BT Group Company Profile

BT Group Plc provides communication solutions and services. Its principal activities include fixed-lines services, broadband, mobile and TV products and services as well as networked IT services. The company has following customer-facing lines of business: Consumer; Business and Public Sector; Global Services; Wholesale and Ventures; Technology, Service and Operations; and Openreach.

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

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