Private Advisor Group LLC lifted its position in BB&T Corporation (NYSE:BBT) by 4.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,184 shares of the insurance provider’s stock after buying an additional 1,365 shares during the quarter. Private Advisor Group LLC’s holdings in BB&T were worth $1,575,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC acquired a new stake in shares of BB&T during the second quarter worth $111,000. Community Bank N.A. lifted its holdings in shares of BB&T by 6.2% during the second quarter. Community Bank N.A. now owns 2,474 shares of the insurance provider’s stock worth $112,000 after buying an additional 144 shares in the last quarter. Oakworth Capital Inc. lifted its holdings in shares of BB&T by 51.1% during the second quarter. Oakworth Capital Inc. now owns 3,092 shares of the insurance provider’s stock worth $140,000 after buying an additional 1,045 shares in the last quarter. Highstreet Asset Management Inc. lifted its holdings in shares of BB&T by 105.3% during the third quarter. Highstreet Asset Management Inc. now owns 3,053 shares of the insurance provider’s stock worth $143,000 after buying an additional 1,566 shares in the last quarter. Finally, Dupont Capital Management Corp acquired a new stake in shares of BB&T during the second quarter worth $170,000. 65.20% of the stock is owned by institutional investors and hedge funds.
BBT has been the subject of a number of research reports. Zacks Investment Research downgraded BB&T from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Morgan Stanley lifted their target price on BB&T from $47.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, October 20th. BMO Capital Markets lifted their target price on BB&T from $48.00 to $49.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Robert W. Baird reissued a “hold” rating and set a $45.00 target price on shares of BB&T in a report on Friday, August 25th. Finally, Jefferies Group reissued a “hold” rating and set a $49.00 target price on shares of BB&T in a report on Friday, September 15th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $49.24.
BB&T Corporation (NYSE:BBT) opened at $49.38 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.85. The company has a market capitalization of $39,296.16, a PE ratio of 16.44, a P/E/G ratio of 2.29 and a beta of 0.99. BB&T Corporation has a 52 week low of $41.17 and a 52 week high of $51.11.
BB&T (NYSE:BBT) last issued its earnings results on Thursday, October 19th. The insurance provider reported $0.78 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.78. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.85 billion. BB&T had a return on equity of 9.64% and a net margin of 19.42%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 earnings per share. equities analysts expect that BB&T Corporation will post 3.1 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 10th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Thursday, November 9th. BB&T’s payout ratio is 49.07%.
In other BB&T news, VP Donta L. Wilson sold 4,250 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $47.51, for a total transaction of $201,917.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Donna C. Goodrich sold 10,799 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $46.77, for a total value of $505,069.23. Following the transaction, the insider now directly owns 47,182 shares of the company’s stock, valued at approximately $2,206,702.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 182,150 shares of company stock valued at $8,712,859. Insiders own 0.36% of the company’s stock.
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BB&T Corporation is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Banking and Trust Company (Branch Bank), and other nonbank subsidiaries. Its segments include Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Holdings and Financial Services.
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