BB&T (BBT) Position Boosted by EP Wealth Advisors LLC

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.

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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.

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

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