Capital Investment Counsel Inc Boosts Holdings in BB&T Co. (BBT)

Capital Investment Counsel Inc grew its holdings in BB&T Co. (NYSE:BBT) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,831 shares of the insurance provider’s stock after acquiring an additional 650 shares during the period. BB&T comprises approximately 0.9% of Capital Investment Counsel Inc’s portfolio, making the stock its 28th largest position. Capital Investment Counsel Inc’s holdings in BB&T were worth $2,029,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of BBT. Vanguard Group Inc grew its stake in shares of BB&T by 1.6% during the third quarter. Vanguard Group Inc now owns 59,282,776 shares of the insurance provider’s stock worth $2,877,586,000 after purchasing an additional 939,154 shares in the last quarter. Vanguard Group Inc. lifted its position in BB&T by 1.6% in the third quarter. Vanguard Group Inc. now owns 59,282,776 shares of the insurance provider’s stock valued at $2,877,586,000 after acquiring an additional 939,154 shares during the last quarter. Macquarie Group Ltd. lifted its position in BB&T by 6.8% in the third quarter. Macquarie Group Ltd. now owns 14,406,134 shares of the insurance provider’s stock valued at $699,273,000 after acquiring an additional 920,792 shares during the last quarter. American Century Companies Inc. lifted its position in BB&T by 10.5% in the third quarter. American Century Companies Inc. now owns 9,054,595 shares of the insurance provider’s stock valued at $439,510,000 after acquiring an additional 861,733 shares during the last quarter. Finally, Morgan Stanley lifted its position in BB&T by 22.2% in the third quarter. Morgan Stanley now owns 3,303,221 shares of the insurance provider’s stock valued at $160,338,000 after acquiring an additional 599,074 shares during the last quarter. Institutional investors and hedge funds own 64.39% of the company’s stock.

In other news, Director Patrick C. Graney III purchased 4,200 shares of the company’s stock in a transaction dated Thursday, December 6th. The shares were acquired at an average cost of $47.56 per share, for a total transaction of $199,752.00. Following the completion of the purchase, the director now directly owns 4,200 shares in the company, valued at approximately $199,752. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.51% of the company’s stock.

Shares of NYSE:BBT opened at $50.24 on Monday. BB&T Co. has a one year low of $40.68 and a one year high of $56.31. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.89 and a quick ratio of 0.88. The stock has a market capitalization of $38.72 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 1.09 and a beta of 1.12.

BB&T (NYSE:BBT) last issued its quarterly earnings results on Thursday, January 17th. The insurance provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.01. BB&T had a net margin of 24.15% and a return on equity of 12.13%. The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the business posted $0.83 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. As a group, sell-side analysts predict that BB&T Co. will post 4.35 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Wednesday, February 13th will be paid a dividend of $0.405 per share. The ex-dividend date of this dividend is Tuesday, February 12th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.22%. BB&T’s dividend payout ratio (DPR) is 40.00%.

A number of equities research analysts recently weighed in on BBT shares. Bank of America raised shares of BB&T from a “neutral” rating to a “buy” rating and set a $50.46 price target for the company in a research report on Friday. ValuEngine raised shares of BB&T from a “sell” rating to a “hold” rating in a research report on Saturday, November 10th. Zacks Investment Research cut shares of BB&T from a “buy” rating to a “hold” rating in a research report on Monday, December 10th. BMO Capital Markets reduced their price target on shares of BB&T from $58.00 to $57.00 and set an “outperform” rating for the company in a research report on Friday, October 19th. Finally, FIG Partners raised shares of BB&T from a “market perform” rating to an “outperform” rating and set a $60.00 price target for the company in a research report on Friday. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $54.04.

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BB&T Company Profile

BB&T Corporation operates as a financial holding company that provides various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals. The company operates through four segments: CB-Retail, CB-Commercial, IH&PF, and FS&CF. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.

Further Reading: What is the balance sheet?

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Institutional Ownership by Quarter for BB&T (NYSE:BBT)

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