Fifth Third Bancorp Has $253,000 Position in BT Group PLC (BT)

Fifth Third Bancorp cut its stake in shares of BT Group PLC (NYSE:BT) by 51.1% during the first quarter, Holdings Channel reports. The firm owned 12,581 shares of the utilities provider’s stock after selling 13,149 shares during the period. Fifth Third Bancorp’s holdings in BT Group PLC were worth $253,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Karp Capital Management Corp acquired a new position in shares of BT Group PLC during the first quarter valued at approximately $6,762,000. Fiera Capital Corp acquired a new position in shares of BT Group PLC during the fourth quarter valued at approximately $4,629,000. Federated Investors Inc. PA acquired a new position in shares of BT Group PLC during the fourth quarter valued at approximately $2,259,000. BB&T Securities LLC acquired a new position in shares of BT Group PLC during the first quarter valued at approximately $1,614,000. Finally, Dubuque Bank & Trust Co. acquired a new position in shares of BT Group PLC during the first quarter valued at approximately $1,557,000. 1.01% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of BT Group PLC (NYSE BT) opened at 18.49 on Friday. The firm has a 50-day moving average price of $19.84 and a 200-day moving average price of $20.79. The firm has a market cap of $36.57 billion, a price-to-earnings ratio of 15.28 and a beta of 1.03. BT Group PLC has a 52-week low of $18.26 and a 52-week high of $32.85.

BT Group PLC (NYSE:BT) last issued its quarterly earnings data 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 36.64% and a net margin of 8.48%. The company had revenue of $7.58 billion for the quarter, compared to analysts’ expectations of $7.88 billion. Analysts predict that BT Group PLC will post $3.83 EPS 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 paid a $0.6804 dividend. This represents a dividend yield of 6.86%. The ex-dividend date is Wednesday, August 9th. BT Group PLC’s dividend payout ratio (DPR) is 70.87%.

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BT has been the topic of several recent analyst reports. Beaufort Securities decreased their price target on BT Group PLC from GBX 390 ($4.97) to GBX 340 ($4.33) and set a “buy” rating on the stock in a research note on Friday, May 12th. Zacks Investment Research raised BT Group PLC from a “sell” rating to a “hold” rating in a research note on Monday, April 17th. Deutsche Bank AG reaffirmed a “sell” rating on shares of BT Group PLC in a research note on Friday, April 28th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 330 ($4.20) price target on shares of BT Group PLC in a research note on Monday, March 13th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of BT Group PLC in a research note on Monday, May 29th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $344.59.

About BT Group PLC

Want to see what other hedge funds are holding BT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BT Group PLC (NYSE:BT).

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