Epoch Investment Partners Inc. Has $94.03 Million Position in BB&T Co. (BBT)

Epoch Investment Partners Inc. decreased its holdings in BB&T Co. (NYSE:BBT) by 3.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,937,120 shares of the insurance provider’s stock after selling 62,741 shares during the period. Epoch Investment Partners Inc. owned about 0.25% of BB&T worth $94,028,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Zions Bancorporation bought a new stake in BB&T in the third quarter valued at approximately $102,000. Girard Partners LTD. bought a new stake in BB&T in the third quarter valued at approximately $142,000. SRS Capital Advisors Inc. raised its stake in BB&T by 4,311.8% in the third quarter. SRS Capital Advisors Inc. now owns 3,000 shares of the insurance provider’s stock valued at $146,000 after buying an additional 2,932 shares during the period. ClariVest Asset Management LLC bought a new stake in BB&T in the second quarter valued at approximately $167,000. Finally, Bridgeworth LLC bought a new stake in BB&T in the second quarter valued at approximately $197,000. Hedge funds and other institutional investors own 64.07% of the company’s stock.

BBT has been the topic of several research analyst reports. Zacks Investment Research upgraded BB&T from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Wednesday, October 10th. ValuEngine upgraded BB&T from a “sell” rating to a “hold” rating in a research note on Saturday, November 10th. BMO Capital Markets dropped their price objective on BB&T from $58.00 to $57.00 and set an “outperform” rating on the stock in a research note on Friday, October 19th. Finally, B. Riley set a $56.00 price objective on BB&T and gave the company a “buy” rating in a research note on Monday, October 15th. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $55.50.

In related news, Director I. Patricia Henry sold 611 shares of the stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $49.50, for a total transaction of $30,244.50. Following the sale, the director now owns 4,375 shares of the company’s stock, valued at $216,562.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Nido R. Qubein sold 2,825 shares of the stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $50.19, for a total value of $141,786.75. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by company insiders.

Shares of NYSE BBT opened at $48.37 on Thursday. The company has a market cap of $37.27 billion, a PE ratio of 15.40, a PEG ratio of 1.13 and a beta of 0.95. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. BB&T Co. has a 1-year low of $45.93 and a 1-year high of $56.31.

BB&T (NYSE:BBT) last announced its earnings results on Thursday, October 18th. The insurance provider reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.01. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.93 billion. BB&T had a return on equity of 11.66% and a net margin of 23.52%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 earnings per share. Equities research analysts predict that BB&T Co. will post 4.05 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Friday, November 9th were paid a dividend of $0.405 per share. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.35%. BB&T’s dividend payout ratio (DPR) is currently 51.59%.

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BB&T Profile

BB&T Corporation operates as a financial holding company that provides various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals. The company operates through four segments: CB-Retail, CB-Commercial, IH&PF, and FS&CF. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.

Read More: Rule of 72

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

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