BB&T Co. (BBT) Stake Decreased by First Hawaiian Bank

First Hawaiian Bank trimmed its holdings in BB&T Co. (NYSE:BBT) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,202 shares of the insurance provider’s stock after selling 873 shares during the quarter. First Hawaiian Bank’s holdings in BB&T were worth $2,218,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of BB&T by 1.6% in the third quarter. Vanguard Group Inc. now owns 59,282,776 shares of the insurance provider’s stock worth $2,877,586,000 after buying an additional 939,154 shares during the period. Vanguard Group Inc raised its holdings in shares of BB&T by 1.6% in the third quarter. Vanguard Group Inc now owns 59,282,776 shares of the insurance provider’s stock worth $2,877,586,000 after buying an additional 939,154 shares during the period. BlackRock Inc. raised its holdings in shares of BB&T by 0.3% in the third quarter. BlackRock Inc. now owns 49,492,995 shares of the insurance provider’s stock worth $2,402,389,000 after buying an additional 144,773 shares during the period. Macquarie Group Ltd. raised its holdings in shares of BB&T by 6.8% in the third quarter. Macquarie Group Ltd. now owns 14,406,134 shares of the insurance provider’s stock worth $699,273,000 after buying an additional 920,792 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of BB&T by 5.5% in the second quarter. Bank of New York Mellon Corp now owns 10,461,296 shares of the insurance provider’s stock worth $527,666,000 after buying an additional 547,692 shares during the period. Hedge funds and other institutional investors own 63.98% of the company’s stock.

Shares of NYSE:BBT opened at $45.61 on Friday. BB&T Co. has a 52-week low of $40.68 and a 52-week high of $56.31. The company has a market capitalization of $35.56 billion, a P/E ratio of 14.53, a PEG ratio of 1.00 and a beta of 1.04. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86.

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

Several equities research analysts have recently weighed in on BBT shares. Zacks Investment Research upgraded BB&T from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Wednesday, October 10th. Barclays increased their price target on BB&T from $58.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 2nd. ValuEngine downgraded BB&T from a “hold” rating to a “sell” rating in a report on Tuesday, December 18th. Bank of America cut BB&T from a “buy” rating to an “underperform” rating and set a $48.00 price objective on the stock. in a research note on Thursday. They noted that the move was a valuation call. Finally, 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. BB&T currently has an average rating of “Hold” and a consensus target price of $54.64.

In other BB&T news, Director I. Patricia Henry sold 611 shares of the stock in a transaction 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 approximately $216,562.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nido R. Qubein sold 2,825 shares of the stock in a transaction on Wednesday, November 7th. The shares were 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.

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About BB&T

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.

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

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