Whittier Trust Co. lowered its stake in BT Group plc (NYSE:BT) by 11.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 71,238 shares of the utilities provider’s stock after selling 9,552 shares during the quarter. Whittier Trust Co.’s holdings in BT Group were worth $1,297,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sit Investment Associates Inc. boosted its stake in BT Group by 2.3% during the 3rd quarter. Sit Investment Associates Inc. now owns 737,900 shares of the utilities provider’s stock valued at $14,197,000 after purchasing an additional 16,820 shares during the last quarter. Aperio Group LLC boosted its stake in BT Group by 40.8% during the 3rd quarter. Aperio Group LLC now owns 497,907 shares of the utilities provider’s stock valued at $9,580,000 after purchasing an additional 144,367 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of BT Group by 10.2% in the 3rd quarter. Wells Fargo & Company MN now owns 431,485 shares of the utilities provider’s stock worth $8,302,000 after buying an additional 40,037 shares during the last quarter. Duff & Phelps Investment Management Co. purchased a new position in shares of BT Group in the 4th quarter worth $4,098,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of BT Group in the 3rd quarter worth $3,613,000. Institutional investors own 0.93% of the company’s stock.

A number of equities analysts have recently issued reports on the company. Beaufort Securities downgraded BT Group to a “hold” rating and dropped their price target for the stock from GBX 340 ($4.70) to GBX 265 ($3.66) in a research note on Friday, November 3rd. Zacks Investment Research upgraded BT Group from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. Numis Securities restated a “buy” rating and issued a GBX 390 ($5.39) price target on shares of BT Group in a research note on Tuesday, October 24th. UBS Group upgraded BT Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 13th. Finally, Deutsche Bank restated a “sell” rating and issued a GBX 265 ($3.66) price target on shares of BT Group in a research note on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $317.12.

BT Group plc (NYSE:BT) opened at $15.88 on Wednesday. BT Group plc has a twelve month low of $15.79 and a twelve month high of $21.16. The company has a market capitalization of $31,390.00, a price-to-earnings ratio of 13.59 and a beta of 0.92. The company has a quick ratio of 0.75, a current ratio of 0.77 and a debt-to-equity ratio of 1.46.

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About BT Group

BT Group plc is a communications services company. The Company is engaged in selling fixed-voice services, broadband, mobile and television products and services, as well as managed networked information technology (IT) solutions and cyber security protection. Its segments include Consumer, which provides fixed-voice, broadband, TV and mobile services; EE, which is a mobile network operator in the United Kingdom and provides mobile and fixed communications services to consumers; Business and Public Sector, which provides communications and IT services to businesses and the public sector in the United Kingdom and the Republic of Ireland (RoI) ;Global Services, which provides managed networked IT services to corporate customers; Wholesale and Ventures, which provides fixed and mobile services to communications providers (CPs); and Openreach, which provides copper and fiber connections between its exchanges and homes and businesses.

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

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