EP Wealth Advisors LLC raised its stake in shares of BB&T (NYSE:BBT) by 6.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 257,603 shares of the insurance provider’s stock after buying an additional 14,753 shares during the quarter. BB&T comprises 1.4% of EP Wealth Advisors LLC’s portfolio, making the stock its 23rd largest holding. EP Wealth Advisors LLC’s holdings in BB&T were worth $12,808,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the business. Zeke Capital Advisors LLC grew its holdings in BB&T by 23.3% during the 4th quarter. Zeke Capital Advisors LLC now owns 15,504 shares of the insurance provider’s stock valued at $771,000 after buying an additional 2,925 shares in the last quarter. LPL Financial LLC grew its holdings in BB&T by 36.2% during the 4th quarter. LPL Financial LLC now owns 191,706 shares of the insurance provider’s stock valued at $9,532,000 after buying an additional 50,959 shares in the last quarter. Millennium Management LLC purchased a new position in BB&T during the 4th quarter valued at about $67,159,000. Meadow Creek Investment Management LLC grew its holdings in BB&T by 28.4% during the 4th quarter. Meadow Creek Investment Management LLC now owns 25,060 shares of the insurance provider’s stock valued at $1,246,000 after buying an additional 5,544 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. grew its holdings in BB&T by 7.3% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 185,562 shares of the insurance provider’s stock valued at $9,225,000 after buying an additional 12,586 shares in the last quarter. 63.76% of the stock is owned by institutional investors and hedge funds.
Shares of BBT opened at $51.12 on Friday. The company has a market capitalization of $40,992.61, a price-to-earnings ratio of 16.28, a PEG ratio of 1.21 and a beta of 1.04. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.89. BB&T has a 1 year low of $41.17 and a 1 year high of $56.31.
BB&T (NYSE:BBT) last issued its earnings results on Thursday, January 18th. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.04. BB&T had a return on equity of 9.93% and a net margin of 19.25%. The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the prior year, the firm earned $0.72 earnings per share. BB&T’s revenue for the quarter was up 3.6% on a year-over-year basis. sell-side analysts anticipate that BB&T will post 3.94 earnings per share for the current fiscal year.
The business also recently disclosed a None dividend, which was paid on Tuesday, March 20th. Shareholders of record on Tuesday, March 6th were given a $0.045 dividend. The ex-dividend date was Monday, March 5th. This represents a yield of 2.37%. BB&T’s payout ratio is currently 42.04%.
In other BB&T news, Director K. David Jr. Boyer sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $55.03, for a total value of $137,575.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Kelly S. King sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $54.68, for a total value of $3,280,800.00. The disclosure for this sale can be found here. Insiders sold 170,078 shares of company stock valued at $9,316,414 in the last quarter. Corporate insiders own 0.51% of the company’s stock.
Several research analysts have recently commented on the company. Morgan Stanley boosted their price objective on BB&T from $58.00 to $59.00 and gave the stock an “equal weight” rating in a report on Friday, February 2nd. ValuEngine raised BB&T from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised BB&T from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Wednesday, February 28th. Oppenheimer reissued a “hold” rating on shares of BB&T in a report on Thursday, January 18th. Finally, B. Riley reissued a “hold” rating and set a $55.00 price objective on shares of BB&T in a report on Thursday, January 18th. Fourteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. BB&T currently has an average rating of “Hold” and a consensus price target of $53.76.
ILLEGAL ACTIVITY NOTICE: This article was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another website, it was illegally stolen and republished in violation of international copyright and trademark laws. The legal version of this article can be read at https://www.dispatchtribunal.com/2018/04/07/bbt-co-bbt-position-raised-by-ep-wealth-advisors-llc.html.
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.
Receive News & Ratings for BB&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BB&T and related companies with MarketBeat.com's FREE daily email newsletter.