Westwood Holdings Group Inc. lifted its position in shares of BB&T (NYSE:BBT) by 4.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,800,461 shares of the insurance provider’s stock after acquiring an additional 75,617 shares during the period. Westwood Holdings Group Inc. owned 0.23% of BB&T worth $89,520,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Delpha Capital Management LLC bought a new position in shares of BB&T during the fourth quarter worth about $106,000. Kistler Tiffany Companies LLC grew its position in BB&T by 102.6% in the 4th quarter. Kistler Tiffany Companies LLC now owns 2,356 shares of the insurance provider’s stock valued at $117,000 after buying an additional 1,193 shares in the last quarter. Cerebellum GP LLC bought a new position in BB&T in the 4th quarter valued at about $123,000. Shamrock Asset Management LLC bought a new position in BB&T in the 4th quarter valued at about $123,000. Finally, Front Row Advisors LLC bought a new position in shares of BB&T during the 4th quarter valued at about $142,000. Institutional investors and hedge funds own 63.76% of the company’s stock.
A number of analysts have commented on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $56.00 price objective on shares of BB&T in a research note on Thursday. B. Riley raised shares of BB&T from a “neutral” rating to a “buy” rating and upped their price objective for the company from $55.00 to $59.00 in a research note on Tuesday, March 27th. Wells Fargo raised shares of BB&T from a “market perform” rating to an “outperform” rating and set a $44.00 price objective for the company in a research note on Tuesday, March 27th. Zacks Investment Research lowered shares of BB&T from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Finally, BMO Capital Markets raised shares of BB&T from a “market perform” rating to an “outperform” rating and set a $49.00 price target for the company in a research report on Friday, February 9th. They noted that the move was a valuation call. Fourteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $53.76.
In related news, Director I. Patricia Henry sold 2,825 shares of BB&T stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $55.20, for a total value of $155,940.00. Following the completion of the sale, the director now directly owns 4,375 shares in the company, valued at $241,500. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Nido R. Qubein sold 21,025 shares of BB&T stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $54.50, for a total value of $1,145,862.50. Following the completion of the sale, the director now owns 59,513 shares of the company’s stock, valued at $3,243,458.50. The disclosure for this sale can be found here. Insiders sold 170,078 shares of company stock valued at $9,316,414 over the last ninety days. 0.51% of the stock is currently owned by company insiders.
BBT stock traded down $1.77 during midday trading on Friday, hitting $51.12. The stock had a trading volume of 4,134,536 shares, compared to its average volume of 4,092,069. The stock has a market cap of $41,163.84, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 1.22 and a beta of 1.04. BB&T has a 52 week low of $41.17 and a 52 week high of $56.31. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.87 and a quick ratio of 0.86.
BB&T (NYSE:BBT) last issued its quarterly earnings data on Thursday, January 18th. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same period last year, the business earned $0.72 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. equities research analysts anticipate that BB&T will post 3.94 EPS for the current year.
The firm also recently declared a None dividend, which was paid on Tuesday, March 20th. Investors of record on Tuesday, March 6th were issued a $0.045 dividend. The ex-dividend date of this dividend was Monday, March 5th. This represents a dividend yield of 2.37%. BB&T’s dividend payout ratio is 42.04%.
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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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