Today, CIBC World Markets Inc. decides to keep it stake in BT Group PLC (BT) to the level of $2,607,000

Today, CIBC World Markets Inc. decides to keep it stake in BT Group PLC (BT) to the level of $2,607,000

CIBC World Markets Inc. decreased its position in BT Group PLC (NYSE:BT) by 3.2% during the third quarter, Holdings Channel reports. The institutional investor owned 102,533 shares of the company’s stock after selling 3,423 shares during the period. CIBC World Markets Inc.’s holdings in BT Group PLC were worth $2,607,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Douglass Winthrop Advisors LLC acquired a new stake in BT Group PLC during the second quarter valued at $214,000. Sei Investments Co. boosted its stake in BT Group PLC by 33.1% in the second quarter. Sei Investments Co. now owns 4,131 shares of the company’s stock valued at $115,000 after buying an additional 1,027 shares during the last quarter. NEXT Financial Group Inc boosted its stake in BT Group PLC by 0.9% in the second quarter. NEXT Financial Group Inc now owns 5,375 shares of the company’s stock valued at $149,000 after buying an additional 50 shares during the last quarter. MSI Financial Services Inc boosted its stake in BT Group PLC by 15.4% in the third quarter. MSI Financial Services Inc now owns 5,675 shares of the company’s stock valued at $144,000 after buying an additional 756 shares during the last quarter. Finally, Quantbot Technologies LP boosted its stake in BT Group PLC by 199.9% in the third quarter. Quantbot Technologies LP now owns 5,729 shares of the company’s stock valued at $145,000 after buying an additional 3,819 shares during the last quarter. Hedge funds and other institutional investors own 1.09% of the company’s stock.

Shares of BT Group PLC (NYSE:BT) traded down 2.51% during mid-day trading on Monday, reaching $22.13. The company’s stock had a trading volume of 595,017 shares. The company’s 50-day moving average is $23.06 and its 200 day moving average is $26.48. BT Group PLC has a 12 month low of $21.61 and a 12 month high of $37.20. The firm has a market cap of $43.96 billion, a price-to-earnings ratio of 12.68 and a beta of 1.15.

Several research firms have weighed in on BT. BNP Paribas cut their target price on BT Group PLC from GBX 395 ($4.90) to GBX 385 ($4.78) and set a “neutral” rating for the company in a research note on Thursday, September 15th. Beaufort Securities reiterated a “buy” rating on shares of BT Group PLC in a research note on Friday, October 28th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 440 ($5.46) price target on shares of BT Group PLC in a research note on Friday, October 28th. Societe Generale reiterated a “buy” rating and issued a GBX 500 ($6.20) price target on shares of BT Group PLC in a research note on Tuesday, August 9th. Finally, HSBC increased their price target on BT Group PLC from GBX 460 ($5.71) to GBX 470 ($5.83) and gave the company a “buy” rating in a research note on Friday, November 11th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. BT Group PLC currently has an average rating of “Hold” and a consensus price target of $437.41.

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