Latest Stocks: BT Group plc (BT) Shares Bought by Suntrust Banks Inc.

Latest Stocks: BT Group plc (BT) Shares Bought by Suntrust Banks Inc.

Suntrust Banks Inc. increased its position in shares of BT Group plc (NYSE:BT) by 88.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,591 shares of the utilities provider’s stock after buying an additional 28,922 shares during the period. Suntrust Banks Inc.’s holdings in BT Group plc were worth $1,236,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Sei Investments Co. boosted its stake in shares of BT Group plc by 31.0% in the third quarter. Sei Investments Co. now owns 5,412 shares of the utilities provider’s stock valued at $137,000 after buying an additional 1,281 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in shares of BT Group plc by 624.8% in the third quarter. Riverhead Capital Management LLC now owns 5,900 shares of the utilities provider’s stock valued at $150,000 after buying an additional 5,086 shares in the last quarter. Citadel Advisors LLC boosted its stake in BT Group plc by 26.2% in the third quarter. Citadel Advisors LLC now owns 20,686 shares of the utilities provider’s stock valued at $526,000 after buying an additional 4,296 shares during the period. OLD Mission Capital LLC bought a new stake in BT Group plc during the third quarter valued at approximately $716,000. Finally, Jane Street Group LLC bought a new stake in BT Group plc during the third quarter valued at approximately $897,000. 1.10% of the stock is currently owned by institutional investors and hedge funds.

BT Group plc (NYSE BT) opened at 19.99 on Tuesday. BT Group plc has a 12 month low of $19.14 and a 12 month high of $32.85. The firm has a market capitalization of $39.54 billion, a PE ratio of 16.19 and a beta of 1.07. The stock has a 50 day moving average of $20.11 and a 200 day moving average of $21.06.

BT Group plc (NYSE:BT) last posted its quarterly earnings results on Wednesday, May 10th. The utilities provider reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. BT Group plc had a return on equity of 35.80% and a net margin of 10.29%. The company had revenue of $7.58 billion for the quarter, compared to analysts’ expectations of $7.88 billion. On average, equities analysts predict that BT Group plc will post $3.83 earnings per share for the current fiscal year. The firm also recently declared a semiannual dividend, which will be paid on Tuesday, September 12th. Investors of record on Friday, August 11th will be issued a $0.6804 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a yield of 6.86%. BT Group plc’s dividend payout ratio is presently 56.25%.

BT Group plc (NYSE:BT) last posted its quarterly earnings results on Wednesday, May 10th. The utilities provider reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. BT Group plc had a return on equity of 35.80% and a net margin of 10.29%. The company had revenue of $7.58 billion for the quarter, compared to analysts’ expectations of $7.88 billion. On average, equities analysts predict that BT Group plc will post $3.83 earnings per share for the current fiscal year. Several equities analysts recently weighed in on the stock. Deutsche Bank AG restated a “sell” rating on shares of BT Group plc in a report on Monday, March 13th. Barclays PLC restated an “overweight” rating and issued a GBX 475 ($6.14) price objective on shares of BT Group plc in a report on Monday, March 13th. HSBC Holdings plc reiterated a “buy” rating and issued a GBX 425 ($5.49) target price on shares of BT Group plc in a report on Monday, March 13th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 330 ($4.26) target price on shares of BT Group plc in a report on Monday, March 13th. Finally, Haitong Bank reissued a “buy” rating and set a GBX 445 ($5.75) price objective on shares of BT Group plc in a research report on Monday, February 27th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $346.24.

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