FinTrust Investment Advisory Services LLC grew its stake in shares of BB&T Co. (NYSE:BBT) by 55.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 152,081 shares of the insurance provider’s stock after acquiring an additional 54,510 shares during the period. BB&T comprises approximately 6.7% of FinTrust Investment Advisory Services LLC’s investment portfolio, making the stock its 4th biggest holding. FinTrust Investment Advisory Services LLC’s holdings in BB&T were worth $7,561,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. First Merchants Corp increased its holdings in BB&T by 4.4% during the fourth quarter. First Merchants Corp now owns 84,257 shares of the insurance provider’s stock valued at $4,189,000 after buying an additional 3,514 shares during the period. IFG Advisory LLC purchased a new position in BB&T during the fourth quarter valued at approximately $286,000. Twin Capital Management Inc. purchased a new position in BB&T during the fourth quarter valued at approximately $499,000. Reilly Financial Advisors LLC increased its holdings in BB&T by 16,278.7% during the fourth quarter. Reilly Financial Advisors LLC now owns 177,218 shares of the insurance provider’s stock valued at $8,811,000 after buying an additional 176,136 shares during the period. Finally, BTIM Corp. increased its holdings in BB&T by 25.9% during the fourth quarter. BTIM Corp. now owns 771,800 shares of the insurance provider’s stock valued at $38,374,000 after buying an additional 158,940 shares during the period. 65.89% of the stock is owned by hedge funds and other institutional investors.
BBT has been the topic of several research reports. Zacks Investment Research lowered shares of BB&T from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. Citigroup raised shares of BB&T from a “market perform” rating to an “outperform” rating and set a $58.00 price target on the stock in a report on Tuesday, January 9th. Morgan Stanley lifted their price target on shares of BB&T from $47.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, October 20th. SunTrust Banks reaffirmed a “buy” rating and issued a $52.00 price target on shares of BB&T in a report on Friday, October 20th. Finally, Raymond James Financial raised shares of BB&T from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 9th. Fifteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. BB&T currently has a consensus rating of “Hold” and an average target price of $53.52.
In related news, Director Nido R. Qubein sold 21,025 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 59,513 shares in the company, valued at $3,243,458.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher L. Henson sold 48,524 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $54.75, for a total transaction of $2,656,689.00. Following the transaction, the insider now owns 180,089 shares of the company’s stock, valued at $9,859,872.75. The disclosure for this sale can be found here. Insiders have sold 152,923 shares of company stock valued at $8,274,322 over the last 90 days. 0.36% of the stock is currently owned by insiders.
BB&T Co. (NYSE BBT) traded up $0.50 during trading hours on Wednesday, hitting $53.83. 721,891 shares of the stock traded hands, compared to its average volume of 4,348,066. BB&T Co. has a 1-year low of $41.17 and a 1-year high of $55.99. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $42,070.00, a P/E ratio of 19.68, a P/E/G ratio of 1.36 and a beta of 1.06.
BB&T (NYSE:BBT) last posted its quarterly earnings data on Thursday, January 18th. The insurance provider reported $0.84 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $2.86 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. research analysts forecast that BB&T Co. will post 3.89 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, February 9th will be given 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 yield of 2.45%. BB&T’s dividend payout ratio is presently 48.18%.
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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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