Transamerica Financial Advisors Inc. boosted its stake in BB&T Co. (NYSE:BBT) by 620.5% in the fourth quarter, HoldingsChannel reports. The firm owned 807 shares of the insurance provider’s stock after purchasing an additional 695 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in BB&T were worth $35,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. V Wealth Management LLC acquired a new position in BB&T during the third quarter worth about $587,000. Mackenzie Financial Corp increased its stake in shares of BB&T by 31.6% in the third quarter. Mackenzie Financial Corp now owns 9,412 shares of the insurance provider’s stock valued at $457,000 after buying an additional 2,262 shares during the period. Pacer Advisors Inc. increased its stake in shares of BB&T by 13.9% in the third quarter. Pacer Advisors Inc. now owns 41,596 shares of the insurance provider’s stock valued at $2,019,000 after buying an additional 5,061 shares during the period. Motco increased its stake in shares of BB&T by 1.4% in the third quarter. Motco now owns 76,226 shares of the insurance provider’s stock valued at $3,700,000 after buying an additional 1,061 shares during the period. Finally, Union Bankshares Corp increased its stake in shares of BB&T by 4.2% in the fourth quarter. Union Bankshares Corp now owns 109,084 shares of the insurance provider’s stock valued at $4,725,000 after buying an additional 4,393 shares during the period. 64.39% of the stock is owned by institutional investors and hedge funds.
In related news, Director Patrick C. Graney III bought 4,200 shares of BB&T stock in a transaction that occurred on Thursday, December 6th. The shares were acquired at an average cost of $47.56 per share, for a total transaction of $199,752.00. Following the completion of the acquisition, the director now directly owns 4,200 shares of the company’s stock, valued at approximately $199,752. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.51% of the company’s stock.
BBT stock traded down $0.10 during trading on Wednesday, hitting $50.72. The company had a trading volume of 91,571 shares, compared to its average volume of 6,112,845. BB&T Co. has a one year low of $40.68 and a one year high of $56.31. The stock has a market capitalization of $39.20 billion, a PE ratio of 12.49, a PEG ratio of 1.09 and a beta of 1.12. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.89 and a quick ratio of 0.88.
BB&T (NYSE:BBT) last announced its earnings results on Thursday, January 17th. The insurance provider reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.01. BB&T had a return on equity of 12.13% and a net margin of 24.15%. The business had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the prior year, the business posted $0.83 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. As a group, research analysts expect that BB&T Co. will post 4.35 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Wednesday, February 13th will be issued a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 3.19%. The ex-dividend date is Tuesday, February 12th. BB&T’s payout ratio is presently 40.00%.
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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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