BB&T Co. (BBT) Shares Bought by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV boosted its position in BB&T Co. (NYSE:BBT) by 2.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 94,715 shares of the insurance provider’s stock after purchasing an additional 2,134 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in BB&T were worth $4,597,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. First PREMIER Bank increased its holdings in shares of BB&T by 64.9% in the second quarter. First PREMIER Bank now owns 2,540 shares of the insurance provider’s stock valued at $128,000 after buying an additional 1,000 shares in the last quarter. Legacy Private Trust Co. increased its holdings in shares of BB&T by 14.0% in the second quarter. Legacy Private Trust Co. now owns 8,530 shares of the insurance provider’s stock valued at $430,000 after buying an additional 1,050 shares in the last quarter. Capital Investment Advisory Services LLC increased its holdings in shares of BB&T by 5.7% in the second quarter. Capital Investment Advisory Services LLC now owns 20,016 shares of the insurance provider’s stock valued at $1,010,000 after buying an additional 1,085 shares in the last quarter. Mutual of America Capital Management LLC increased its holdings in shares of BB&T by 1.1% in the second quarter. Mutual of America Capital Management LLC now owns 100,393 shares of the insurance provider’s stock valued at $5,064,000 after buying an additional 1,089 shares in the last quarter. Finally, Woodard & Co. Asset Management Group Inc. ADV increased its holdings in shares of BB&T by 4.4% in the third quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 26,316 shares of the insurance provider’s stock valued at $1,281,000 after buying an additional 1,106 shares in the last quarter. Hedge funds and other institutional investors own 64.70% of the company’s stock.

NYSE BBT opened at $49.20 on Friday. BB&T Co. has a 1-year low of $45.73 and a 1-year high of $56.31. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. The firm has a market capitalization of $37.21 billion, a PE ratio of 15.67, a P/E/G ratio of 1.17 and a beta of 1.05.

BB&T (NYSE:BBT) last posted its quarterly earnings results on Thursday, October 18th. The insurance provider reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.01. BB&T had a net margin of 23.52% and a return on equity of 11.66%. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the prior year, the business posted $0.74 earnings per share. BB&T’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, sell-side analysts predict that BB&T Co. will post 4.03 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Friday, November 9th will be paid a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Thursday, November 8th. BB&T’s dividend payout ratio (DPR) is presently 51.59%.

Several research analysts have issued reports on the company. B. Riley set a $56.00 price target on BB&T and gave the company a “buy” rating in a report on Monday, October 15th. ValuEngine cut BB&T from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Zacks Investment Research cut BB&T from a “buy” rating to a “hold” rating in a report on Friday, October 5th. Piper Jaffray Companies reissued a “hold” rating and set a $52.00 target price on shares of BB&T in a research note on Friday, July 20th. Finally, BMO Capital Markets reissued a “buy” rating and set a $59.00 target price on shares of BB&T in a research note on Thursday, July 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. BB&T currently has an average rating of “Buy” and a consensus price target of $55.50.

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.

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

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