BB&T Co. (NYSE:BBT) Chairman Kelly S. King sold 66,372 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $47.53, for a total value of $3,154,661.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of BB&T Co. (NYSE BBT) traded down $0.62 during mid-day trading on Friday, reaching $46.13. The company had a trading volume of 7,960,200 shares, compared to its average volume of 4,276,338. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.78. The firm has a market cap of $36,882.06, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 2.15 and a beta of 1.00. BB&T Co. has a twelve month low of $41.17 and a twelve month high of $49.91.
BB&T Co. (NYSE:BBT) last announced its quarterly earnings results on Thursday, October 19th. The insurance provider reported $0.78 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.78. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. BB&T Co. had a return on equity of 8.87% and a net margin of 23.04%. BB&T Co.’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 EPS. research analysts anticipate that BB&T Co. will post 3.1 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.86%. The ex-dividend date is Thursday, November 9th. BB&T Co.’s dividend payout ratio is 49.07%.
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Several research analysts have commented on the company. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $50.00 price target on shares of BB&T Co. in a research report on Thursday, October 12th. BidaskClub raised BB&T Co. from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $50.00 price target on shares of BB&T Co. in a research report on Friday, October 20th. BMO Capital Markets reaffirmed a “hold” rating and issued a $49.00 price target on shares of BB&T Co. in a research report on Friday, July 21st. Finally, Hilliard Lyons downgraded BB&T Co. from a “buy” rating to a “hold” rating and set a $51.00 price target on the stock. in a research report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company’s stock. BB&T Co. presently has an average rating of “Hold” and a consensus target price of $49.17.
A number of hedge funds have recently made changes to their positions in BBT. Glassman Wealth Services boosted its stake in BB&T Co. by 0.4% in the second quarter. Glassman Wealth Services now owns 4,757 shares of the insurance provider’s stock worth $216,000 after purchasing an additional 18 shares in the last quarter. Guardian Life Insurance Co. of America boosted its stake in BB&T Co. by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 3,130 shares of the insurance provider’s stock worth $140,000 after purchasing an additional 21 shares in the last quarter. WMS Partners LLC boosted its stake in BB&T Co. by 0.8% in the second quarter. WMS Partners LLC now owns 4,527 shares of the insurance provider’s stock worth $206,000 after purchasing an additional 36 shares in the last quarter. Canal Capital Management LLC boosted its stake in BB&T Co. by 0.6% in the second quarter. Canal Capital Management LLC now owns 7,832 shares of the insurance provider’s stock worth $356,000 after purchasing an additional 48 shares in the last quarter. Finally, Sii Investments Inc. WI boosted its stake in BB&T Co. by 0.9% in the second quarter. Sii Investments Inc. WI now owns 6,636 shares of the insurance provider’s stock worth $301,000 after purchasing an additional 58 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.
About BB&T Co.
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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