WASHINGTON TRUST Co Grows Holdings in BB&T Corporation (BBT)

WASHINGTON TRUST Co grew its stake in BB&T Corporation (NYSE:BBT) by 6.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 181,266 shares of the insurance provider’s stock after acquiring an additional 10,731 shares during the quarter. WASHINGTON TRUST Co’s holdings in BB&T Corporation were worth $8,508,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in BBT. Probity Advisors Inc. increased its stake in BB&T Corporation by 16.3% during the 1st quarter. Probity Advisors Inc. now owns 23,684 shares of the insurance provider’s stock worth $1,059,000 after purchasing an additional 3,323 shares in the last quarter. Advantus Capital Management Inc increased its stake in BB&T Corporation by 0.3% during the 1st quarter. Advantus Capital Management Inc now owns 81,189 shares of the insurance provider’s stock worth $3,629,000 after purchasing an additional 218 shares in the last quarter. Lakeview Capital Partners LLC increased its stake in BB&T Corporation by 6.9% during the 1st quarter. Lakeview Capital Partners LLC now owns 9,399 shares of the insurance provider’s stock worth $420,000 after purchasing an additional 604 shares in the last quarter. Homrich & Berg increased its stake in BB&T Corporation by 3.5% during the 1st quarter. Homrich & Berg now owns 6,538 shares of the insurance provider’s stock worth $292,000 after purchasing an additional 221 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in BB&T Corporation by 3.4% during the 1st quarter. Teachers Advisors LLC now owns 1,536,859 shares of the insurance provider’s stock worth $68,698,000 after purchasing an additional 50,216 shares in the last quarter. 65.82% of the stock is owned by institutional investors.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of BB&T Corporation from a “hold” rating to a “sell” rating in a research note on Friday. J P Morgan Chase & Co increased their price objective on BB&T Corporation from $48.50 to $49.00 and gave the company a “neutral” rating in a report on Wednesday. BidaskClub raised BB&T Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Macquarie raised BB&T Corporation from an “underperform” rating to a “neutral” rating and set a $47.00 price target for the company in a report on Friday, August 4th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $49.00 price target (up previously from $47.00) on shares of BB&T Corporation in a report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $49.17.

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Shares of BB&T Corporation (BBT) traded down $0.05 during midday trading on Friday, hitting $49.54. The stock had a trading volume of 5,250,310 shares, compared to its average volume of 4,096,596. The stock has a market cap of $39,083.15, a PE ratio of 16.35, a PEG ratio of 2.28 and a beta of 1.00. BB&T Corporation has a 1 year low of $38.23 and a 1 year high of $49.91. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.85.

BB&T Corporation (NYSE:BBT) last issued its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.78 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.78. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.85 billion. BB&T Corporation had a net margin of 19.42% and a return on equity of 9.64%. BB&T Corporation’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $0.76 EPS. research analysts forecast that BB&T Corporation will post 3.1 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be given a $0.33 dividend. The ex-dividend date is Thursday, November 9th. This represents a $1.32 annualized dividend and a yield of 2.66%. BB&T Corporation’s dividend payout ratio is presently 49.07%.

In other BB&T Corporation news, Chairman Kelly S. King sold 66,372 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $47.53, for a total transaction of $3,154,661.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 180,103 shares of company stock worth $8,618,346. 0.36% of the stock is currently owned by insiders.

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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