Advisor Group Inc. Acquires 4,348 Shares of BB&T (BBT)

Advisor Group Inc. boosted its holdings in BB&T (NYSE:BBT) by 10.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,886 shares of the insurance provider’s stock after acquiring an additional 4,348 shares during the period. Advisor Group Inc.’s holdings in BB&T were worth $2,381,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in BB&T by 9.8% in the 4th quarter. Bank of New York Mellon Corp now owns 9,689,965 shares of the insurance provider’s stock worth $481,786,000 after acquiring an additional 860,902 shares during the period. Burgundy Asset Management Ltd. increased its holdings in shares of BB&T by 0.3% during the 4th quarter. Burgundy Asset Management Ltd. now owns 8,406,619 shares of the insurance provider’s stock worth $417,977,000 after purchasing an additional 24,175 shares during the period. American Century Companies Inc. increased its holdings in shares of BB&T by 2.5% during the 4th quarter. American Century Companies Inc. now owns 8,318,669 shares of the insurance provider’s stock worth $413,604,000 after purchasing an additional 201,669 shares during the period. Geode Capital Management LLC increased its holdings in shares of BB&T by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 7,831,306 shares of the insurance provider’s stock worth $388,494,000 after purchasing an additional 51,728 shares during the period. Finally, Boston Partners increased its holdings in shares of BB&T by 0.9% during the 4th quarter. Boston Partners now owns 5,957,183 shares of the insurance provider’s stock worth $296,191,000 after purchasing an additional 55,665 shares during the period. Hedge funds and other institutional investors own 63.76% of the company’s stock.

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Several research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods restated a “hold” rating and set a $56.00 price objective on shares of BB&T in a report on Thursday. B. Riley upgraded shares of BB&T from a “neutral” rating to a “buy” rating and lifted their target price for the company from $55.00 to $59.00 in a research report on Tuesday, March 27th. Wells Fargo upgraded shares of BB&T from a “market perform” rating to an “outperform” rating and set a $44.00 price target on the stock in a research report 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 upgraded shares of BB&T from a “market perform” rating to an “outperform” rating and set a $49.00 price target on the stock in a research report on Friday, February 9th. They noted that the move was a valuation call. Fourteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $53.76.

In other BB&T news, Director Nido R. Qubein sold 21,025 shares of the stock in a transaction on Monday, February 5th. The shares were 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 in the company, valued at $3,243,458.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Cynthia B. Powell sold 8,929 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $54.51, for a total transaction of $486,719.79. The disclosure for this sale can be found here. Insiders have sold 170,078 shares of company stock valued at $9,316,414 in the last 90 days. 0.51% of the stock is currently owned by corporate insiders.

NYSE:BBT traded down $1.77 during trading hours 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. BB&T has a one year low of $41.17 and a one year high of $56.31. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.86 and a current ratio of 0.87. The company has a market capitalization of $39,786.29, a PE ratio of 16.28, a PEG ratio of 1.17 and a beta of 1.04.

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, 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 company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter in the prior year, the firm earned $0.72 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. sell-side analysts forecast that BB&T will post 3.94 earnings per share for the current year.

The firm also recently announced a None dividend, which was paid on Tuesday, March 20th. Investors of record on Tuesday, March 6th were issued a dividend of $0.045 per share. This represents a yield of 2.37%. The ex-dividend date of this dividend was Monday, March 5th. BB&T’s payout ratio is 42.04%.

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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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