Gulf International Bank UK Ltd lifted its holdings in shares of BB&T Co. (NYSE:BBT) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 256,205 shares of the insurance provider’s stock after purchasing an additional 4,200 shares during the quarter. Gulf International Bank UK Ltd’s holdings in BB&T were worth $12,436,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. First PREMIER Bank lifted its position in BB&T by 64.9% in the 2nd quarter. First PREMIER Bank now owns 2,540 shares of the insurance provider’s stock worth $128,000 after buying an additional 1,000 shares during the last quarter. Legacy Private Trust Co. lifted its position in BB&T by 14.0% in the 2nd quarter. Legacy Private Trust Co. now owns 8,530 shares of the insurance provider’s stock worth $430,000 after buying an additional 1,050 shares during the last quarter. Capital Investment Advisory Services LLC lifted its position in BB&T by 5.7% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 20,016 shares of the insurance provider’s stock worth $1,010,000 after buying an additional 1,085 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in BB&T by 1.1% in the 2nd quarter. Mutual of America Capital Management LLC now owns 100,393 shares of the insurance provider’s stock worth $5,064,000 after buying an additional 1,089 shares during the last quarter. Finally, Woodard & Co. Asset Management Group Inc. ADV lifted its position in BB&T by 4.4% in the 3rd quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 26,316 shares of the insurance provider’s stock worth $1,281,000 after buying an additional 1,106 shares during the last quarter. 64.96% of the stock is owned by institutional investors.
Shares of BBT stock opened at $49.97 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.86. BB&T Co. has a fifty-two week low of $45.73 and a fifty-two week high of $56.31. The company has a market capitalization of $37.89 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 1.26 and a beta of 0.94.
BB&T (NYSE:BBT) last announced its quarterly earnings data on Thursday, October 18th. The insurance provider reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.01. BB&T had a return on equity of 11.66% and a net margin of 23.52%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. The business’s revenue was up 1.6% on a year-over-year basis. On average, equities analysts predict that BB&T Co. will post 3.82 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Friday, November 9th will be given a $0.405 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.62 annualized dividend and a yield of 3.24%. BB&T’s payout ratio is currently 51.59%.
In other BB&T news, Director I. Patricia Henry sold 611 shares of the business’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $49.50, for a total value of $30,244.50. Following the completion of the sale, the director now owns 4,375 shares in the company, valued at $216,562.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.51% of the company’s stock.
A number of research firms recently weighed in on BBT. B. Riley dropped their target price on BB&T from $59.00 to $56.00 and set a “buy” rating for the company in a research report on Friday, July 20th. Zacks Investment Research downgraded BB&T from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. ValuEngine downgraded BB&T from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. BMO Capital Markets restated a “buy” rating and issued a $59.00 target price on shares of BB&T in a research report on Thursday, July 12th. Finally, FIG Partners downgraded BB&T from an “outperform” rating to a “market perform” rating in a research report on Friday, July 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $55.50.
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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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