BB&T Corporation (BBT) Holdings Reduced by Quadrant Capital Group LLC

Quadrant Capital Group LLC cut its holdings in shares of BB&T Corporation (NYSE:BBT) by 4.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,018 shares of the insurance provider’s stock after selling 134 shares during the quarter. Quadrant Capital Group LLC’s holdings in BB&T Corporation were worth $108,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Signature Estate & Investment Advisors LLC bought a new stake in BB&T Corporation during the second quarter valued at about $111,000. Community Bank N.A. raised its holdings in BB&T Corporation by 6.2% during the second quarter. Community Bank N.A. now owns 2,474 shares of the insurance provider’s stock valued at $112,000 after acquiring an additional 144 shares during the period. Liberty Capital Management Inc. bought a new stake in BB&T Corporation during the second quarter valued at about $136,000. Oakworth Capital Inc. raised its holdings in BB&T Corporation by 51.1% during the second quarter. Oakworth Capital Inc. now owns 3,092 shares of the insurance provider’s stock valued at $140,000 after acquiring an additional 1,045 shares during the period. Finally, Guardian Life Insurance Co. of America raised its holdings in BB&T Corporation by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 3,130 shares of the insurance provider’s stock valued at $140,000 after acquiring an additional 21 shares during the period. 64.25% of the stock is currently owned by institutional investors and hedge funds.

BB&T Corporation (NYSE:BBT) traded down 0.46% on Thursday, reaching $47.13. The company had a trading volume of 446,425 shares. The firm has a market capitalization of $38.09 billion, a P/E ratio of 17.59 and a beta of 1.07. BB&T Corporation has a 1-year low of $37.40 and a 1-year high of $49.88. The company’s 50-day moving average price is $45.77 and its 200 day moving average price is $44.84.

BB&T Corporation (NYSE:BBT) last announced its quarterly earnings data on Thursday, July 20th. The insurance provider reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. BB&T Corporation had a net margin of 19.57% and a return on equity of 9.62%. The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the prior year, the company earned $0.71 EPS. BB&T Corporation’s revenue was up 2.4% compared to the same quarter last year. On average, equities analysts forecast that BB&T Corporation will post $2.81 EPS for the current year.

BB&T Corporation announced that its board has authorized a stock repurchase plan on Wednesday, June 28th that permits the company to repurchase $1.88 billion in shares. This repurchase authorization permits the insurance provider to reacquire up to 5.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

A number of equities research analysts have commented on BBT shares. BidaskClub raised BB&T Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. BMO Capital Markets reissued a “hold” rating and set a $49.00 price target on shares of BB&T Corporation in a report on Friday, July 21st. Hilliard Lyons cut BB&T Corporation from a “buy” rating to a “hold” rating and set a $51.00 price target on the stock. in a report on Friday, July 21st. Jefferies Group LLC reissued a “hold” rating and set a $49.00 price target on shares of BB&T Corporation in a report on Friday, July 14th. Finally, Robert W. Baird reissued a “hold” rating and set a $45.00 price target on shares of BB&T Corporation in a report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $47.88.

In related news, insider David Hudson Weaver sold 8,752 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $46.91, for a total transaction of $410,556.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP William Rufus Yates sold 28,515 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $47.07, for a total transaction of $1,342,201.05. Following the sale, the executive vice president now directly owns 34,887 shares of the company’s stock, valued at approximately $1,642,131.09. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,610 shares of company stock valued at $2,618,364. 0.36% of the stock is owned by corporate insiders.

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BB&T Corporation Company Profile

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.

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

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