Rehmann Capital Advisory Group raised its stake in shares of BB&T Corp. (NYSE:BBT) by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 21,326 shares of the company’s stock after buying an additional 80 shares during the period. Rehmann Capital Advisory Group’s holdings in BB&T Corp. were worth $759,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of BBT. Stifel Financial Corp increased its stake in shares of BB&T Corp. by 349.6% in the fourth quarter. Stifel Financial Corp now owns 306,968 shares of the company’s stock valued at $12,979,000 after buying an additional 238,698 shares in the last quarter. Norges Bank purchased a new position in BB&T Corp. during the fourth quarter worth about $188,206,000. Eastern Bank increased its position in BB&T Corp. by 1.7% in the first quarter. Eastern Bank now owns 60,360 shares of the company’s stock worth $2,008,000 after buying an additional 1,030 shares during the period. Alpha Windward LLC increased its position in BB&T Corp. by 6.9% in the first quarter. Alpha Windward LLC now owns 17,767 shares of the company’s stock worth $591,000 after buying an additional 1,154 shares during the period. Finally, Capital Investment Advisors LLC increased its position in BB&T Corp. by 0.3% in the first quarter. Capital Investment Advisors LLC now owns 19,794 shares of the company’s stock worth $659,000 after buying an additional 58 shares during the period. Institutional investors and hedge funds own 63.03% of the company’s stock.
BB&T Corp. (NYSE:BBT) traded up 0.63% on Monday, reaching $38.08. The company had a trading volume of 3,184,778 shares. The firm has a market capitalization of $31.02 billion, a P/E ratio of 14.70 and a beta of 0.99. The company’s 50-day moving average price is $37.77 and its 200 day moving average price is $35.70. BB&T Corp. has a 1-year low of $29.95 and a 1-year high of $39.47.
BB&T Corp. (NYSE:BBT) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.66 by $0.05. BB&T Corp. had a net margin of 20.11% and a return on equity of 9.12%. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same period in the prior year, the company earned $0.69 earnings per share. The firm’s revenue was up 17.7% on a year-over-year basis. On average, equities analysts forecast that BB&T Corp. will post $2.76 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Friday, August 12th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.15%. This is a positive change from BB&T Corp.’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, August 10th. BB&T Corp.’s dividend payout ratio is presently 45.98%.
A number of equities analysts have recently issued reports on BBT shares. Vetr downgraded BB&T Corp. from a “strong-buy” rating to a “buy” rating and set a $39.62 price target on the stock. in a research note on Monday, July 4th. Robert W. Baird downgraded BB&T Corp. from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $40.00 to $37.00 in a research note on Monday, July 11th. Wells Fargo & Co. restated a “buy” rating on shares of BB&T Corp. in a research note on Saturday, July 9th. Credit Suisse Group AG set a $42.00 price target on BB&T Corp. and gave the stock a “buy” rating in a research note on Wednesday, September 14th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $39.00 price target on shares of BB&T Corp. in a research note on Wednesday, June 15th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. BB&T Corp. currently has a consensus rating of “Hold” and an average price target of $39.46.
In other news, insider Barbara F. Duck sold 29,976 shares of the stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $36.79, for a total transaction of $1,102,817.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director I. Patricia Henry sold 1,000 shares of the stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $38.13, for a total transaction of $38,130.00. Following the sale, the director now directly owns 8,090 shares in the company, valued at $308,471.70. The disclosure for this sale can be found here. Insiders own 0.88% of the company’s stock.
BB&T Corp. Company Profile
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