SG Americas Securities LLC Has $924,000 Position in BB&T Corporation (BBT)

SG Americas Securities LLC cut its stake in shares of BB&T Corporation (NYSE:BBT) by 70.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,677 shares of the insurance provider’s stock after selling 47,256 shares during the period. SG Americas Securities LLC’s holdings in BB&T were worth $924,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in BBT. RKL Wealth Management LLC lifted its holdings in BB&T by 74.7% during the third quarter. RKL Wealth Management LLC now owns 55,767 shares of the insurance provider’s stock worth $2,104,000 after acquiring an additional 23,854 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in BB&T by 2.3% during the third quarter. Advisors Asset Management Inc. now owns 211,014 shares of the insurance provider’s stock worth $9,905,000 after acquiring an additional 4,841 shares in the last quarter. Commerce Bank lifted its holdings in BB&T by 3.2% during the third quarter. Commerce Bank now owns 498,391 shares of the insurance provider’s stock worth $23,394,000 after acquiring an additional 15,478 shares in the last quarter. Quantbot Technologies LP bought a new position in BB&T during the third quarter worth about $870,000. Finally, Putnam FL Investment Management Co. bought a new position in BB&T during the third quarter worth about $1,507,000. 65.20% of the stock is owned by institutional investors and hedge funds.

BB&T Corporation (NYSE BBT) opened at $49.60 on Monday. The firm has a market capitalization of $39,130.48, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 2.28 and a beta of 0.99. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.78. BB&T Corporation has a 12-month low of $41.17 and a 12-month high of $50.12.

BB&T (NYSE:BBT) last announced its quarterly earnings results on Thursday, October 19th. The insurance provider reported $0.78 earnings per share for the quarter, hitting analysts’ consensus estimates 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 had a return on equity of 9.64% and a net margin of 19.42%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 earnings per share. equities analysts forecast that BB&T Corporation will post 3.1 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 10th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date was Thursday, November 9th. BB&T’s dividend payout ratio (DPR) is presently 49.07%.

A number of brokerages have recently commented on BBT. Zacks Investment Research lowered BB&T from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. J P Morgan Chase & Co boosted their price target on BB&T from $48.50 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, November 1st. Piper Jaffray Companies restated a “hold” rating and issued a $48.00 price target on shares of BB&T in a report on Sunday, October 22nd. Royal Bank Of Canada restated a “buy” rating and issued a $50.00 price target on shares of BB&T in a report on Friday, October 20th. Finally, BMO Capital Markets boosted their price target on BB&T from $48.00 to $49.00 and gave the company a “market perform” rating in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $49.24.

In other news, insider Christopher L. Henson sold 42,233 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $47.56, for a total value of $2,008,601.48. Following the transaction, the insider now owns 207,620 shares of the company’s stock, valued at $9,874,407.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Donta L. Wilson sold 4,250 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $47.51, for a total value of $201,917.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 182,150 shares of company stock worth $8,712,859. Company insiders own 0.36% of the company’s stock.

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BB&T 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 (NYSE:BBT)

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