BB&T Target of Unusually Large Options Trading (BBT)

BB&T Co. (NYSE:BBT) was the recipient of some unusual options trading activity on Tuesday. Stock traders purchased 15,932 put options on the company. This represents an increase of approximately 1,156% compared to the typical daily volume of 1,268 put options.

BBT has been the topic of a number of analyst reports. ValuEngine upgraded shares of BB&T from a “sell” rating to a “hold” rating in a research report on Saturday, November 10th. Zacks Investment Research upgraded shares of BB&T from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research report on Wednesday, October 3rd. BMO Capital Markets decreased their price objective on shares of BB&T from $58.00 to $57.00 and set an “outperform” rating on the stock in a research report on Friday, October 19th. Finally, B. Riley set a $56.00 price target on shares of BB&T and gave the company a “buy” rating in a research report on Monday, October 15th. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $55.50.

Shares of NYSE BBT opened at $48.37 on Thursday. BB&T has a 1 year low of $45.93 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 stock has a market cap of $39.38 billion, a P/E ratio of 15.40, a P/E/G ratio of 1.19 and a beta of 0.95.

BB&T (NYSE:BBT) last posted its quarterly earnings data on Thursday, October 18th. The insurance provider reported $1.01 EPS for the quarter, topping the 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 analyst estimates of $2.93 billion. During the same quarter in the previous year, the firm posted $0.74 earnings per share. BB&T’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, equities analysts predict that BB&T will post 4.05 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Friday, November 9th were paid a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 3.35%. The ex-dividend date was Thursday, November 8th. BB&T’s payout ratio is currently 51.59%.

In other BB&T news, Director Nido R. Qubein sold 2,825 shares of the business’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $50.19, for a total value of $141,786.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director I. Patricia Henry sold 611 shares of the business’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $49.50, for a total transaction of $30,244.50. Following the completion of the transaction, the director now owns 4,375 shares in the company, valued at approximately $216,562.50. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of BBT. Charles Schwab Investment Advisory Inc. bought a new stake in BB&T during the second quarter worth about $346,422,000. Bank of America Corp DE boosted its stake in BB&T by 18.0% during the second quarter. Bank of America Corp DE now owns 28,174,029 shares of the insurance provider’s stock worth $1,421,098,000 after acquiring an additional 4,304,522 shares in the last quarter. Epoch Investment Partners Inc. bought a new stake in BB&T during the second quarter worth about $100,873,000. Vanguard Group Inc. boosted its stake in BB&T by 1.6% during the third quarter. Vanguard Group Inc. now owns 59,282,776 shares of the insurance provider’s stock worth $2,877,586,000 after acquiring an additional 939,154 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in BB&T by 6.8% during the third quarter. Macquarie Group Ltd. now owns 14,406,134 shares of the insurance provider’s stock worth $699,273,000 after acquiring an additional 920,792 shares in the last quarter. 64.07% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “BB&T Target of Unusually Large Options Trading (BBT)” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another publication, it was stolen and reposted in violation of US and international copyright & trademark laws. The original version of this report can be viewed at https://www.dispatchtribunal.com/2018/12/06/bbt-target-of-unusually-large-options-trading-bbt.html.

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.

See Also: Compound Annual Growth Rate (CAGR)

Receive News & Ratings for BB&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BB&T and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply