Gratus Capital LLC Has $920,000 Holdings in BB&T Co. (BBT)

Gratus Capital LLC trimmed its position in shares of BB&T Co. (NYSE:BBT) by 12.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 18,504 shares of the insurance provider’s stock after selling 2,513 shares during the period. Gratus Capital LLC’s holdings in BB&T were worth $920,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Archford Capital Strategies LLC raised its position in shares of BB&T by 199.9% during the 2nd quarter. Archford Capital Strategies LLC now owns 2,249 shares of the insurance provider’s stock worth $191,000 after buying an additional 1,499 shares in the last quarter. Kistler Tiffany Companies LLC raised its position in shares of BB&T by 102.6% during the 4th quarter. Kistler Tiffany Companies LLC now owns 2,356 shares of the insurance provider’s stock worth $117,000 after buying an additional 1,193 shares in the last quarter. Cerebellum GP LLC bought a new stake in shares of BB&T during the 4th quarter worth about $123,000. Shamrock Asset Management LLC bought a new stake in shares of BB&T during the 4th quarter worth about $123,000. Finally, Front Row Advisors LLC bought a new stake in shares of BB&T during the 4th quarter worth about $142,000. 66.01% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Louis B. Lynn sold 3,646 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $54.63, for a total transaction of $199,180.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Nido R. Qubein sold 21,025 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $54.50, for a total transaction of $1,145,862.50. Following the sale, the director now owns 59,513 shares in the company, valued at approximately $3,243,458.50. The disclosure for this sale can be found here. Insiders have sold 152,923 shares of company stock worth $8,274,322 in the last 90 days. 0.36% of the stock is owned by company insiders.

Shares of BB&T Co. (NYSE:BBT) opened at $51.91 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.89. BB&T Co. has a fifty-two week low of $41.17 and a fifty-two week high of $55.99. The company has a market cap of $42,087.57, a P/E ratio of 18.64, a P/E/G ratio of 1.38 and a beta of 1.06.

BB&T (NYSE:BBT) last released its quarterly earnings results on Thursday, January 18th. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.04. BB&T had a net margin of 19.25% and a return on equity of 9.93%. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. analysts predict that BB&T Co. will post 3.89 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 9th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.54%. BB&T’s dividend payout ratio is currently 48.18%.

A number of analysts have commented on BBT shares. Royal Bank of Canada restated a “buy” rating and set a $50.00 price target on shares of BB&T in a research report on Friday, October 20th. SunTrust Banks restated a “buy” rating and set a $52.00 price target on shares of BB&T in a research report on Friday, October 20th. Zacks Investment Research upgraded shares of BB&T from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Tuesday, January 2nd. Vining Sparks restated a “buy” rating and set a $59.00 price target on shares of BB&T in a research report on Monday, January 8th. Finally, Argus boosted their target price on shares of BB&T to $60.00 and gave the stock a “buy” rating in a report on Friday, January 19th. They noted that the move was a valuation call. Fifteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $53.52.

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BB&T 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.

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

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