Morgan Stanley Reiterates Hold Rating for BB&T (NYSE:BBT)

Morgan Stanley reaffirmed their hold rating on shares of BB&T (NYSE:BBT) in a research report released on Monday, AnalystRatings.com reports. The firm currently has a $55.00 target price on the insurance provider’s stock, up from their prior target price of $54.00.

A number of other research analysts also recently commented on the company. Janney Montgomery Scott downgraded BB&T from a buy rating to a neutral rating in a research note on Monday, November 11th. Deutsche Bank set a $59.00 price objective on BB&T and gave the stock a buy rating in a research note on Friday, July 26th. Jefferies Financial Group raised BB&T from a hold rating to a buy rating and increased their price target for the stock from $52.00 to $58.00 in a research note on Tuesday, October 8th. Wells Fargo & Co set a $55.00 price target on BB&T and gave the stock a buy rating in a research note on Friday, August 16th. Finally, ValuEngine raised BB&T from a sell rating to a hold rating in a research note on Thursday, October 24th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. BB&T presently has a consensus rating of Hold and a consensus target price of $54.83.

BBT traded down $0.32 during trading on Monday, reaching $54.69. 5,812,876 shares of the company were exchanged, compared to its average volume of 5,030,908. The stock has a market cap of $41.85 billion, a P/E ratio of 13.50, a PEG ratio of 1.75 and a beta of 1.17. The firm has a 50 day moving average of $53.26 and a 200 day moving average of $50.24. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.87. BB&T has a 52 week low of $40.68 and a 52 week high of $55.66.

BB&T (NYSE:BBT) last issued its quarterly earnings data on Thursday, October 17th. The insurance provider reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.04. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.99 billion. BB&T had a return on equity of 12.25% and a net margin of 23.17%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.01 EPS. As a group, analysts forecast that BB&T will post 4.21 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 8th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.80 annualized dividend and a dividend yield of 3.29%. BB&T’s payout ratio is 44.44%.

In other news, major shareholder Global Food Holdings Lp 3G sold 25,068,657 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $28.44, for a total value of $712,952,605.08. Also, Director K. David Jr. Boyer sold 4,285 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $52.64, for a total value of $225,562.40. The disclosure for this sale can be found here. In the last three months, insiders sold 25,077,442 shares of company stock valued at $713,290,667. Company insiders own 0.49% of the company’s stock.

Several institutional investors have recently made changes to their positions in BBT. FMR LLC lifted its holdings in shares of BB&T by 7.3% in the first quarter. FMR LLC now owns 349,974 shares of the insurance provider’s stock valued at $16,284,000 after buying an additional 23,680 shares during the period. Fulton Bank N.A. lifted its holdings in shares of BB&T by 5.4% in the second quarter. Fulton Bank N.A. now owns 9,854 shares of the insurance provider’s stock valued at $485,000 after buying an additional 509 shares during the period. OLD Point Trust & Financial Services N A lifted its holdings in shares of BB&T by 3.3% in the second quarter. OLD Point Trust & Financial Services N A now owns 73,252 shares of the insurance provider’s stock valued at $3,599,000 after buying an additional 2,350 shares during the period. Rockland Trust Co. lifted its holdings in shares of BB&T by 21.0% during the second quarter. Rockland Trust Co. now owns 6,652 shares of the insurance provider’s stock valued at $327,000 after purchasing an additional 1,156 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of BB&T during the second quarter valued at $15,462,000. Institutional investors and hedge funds own 70.16% of the company’s stock.

BB&T Company Profile

BB&T Corporation, a holding company, provides banking and trust services for small and mid-size businesses, public agencies, local governments, corporations, and individuals in the Southeastern and Mid-Atlantic United States. The company operates through four segments: Community Banking Retail and Consumer Finance, Community Banking Commercial, Insurance Holdings, and Financial Services and Commercial Finance.

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Analyst Recommendations for BB&T (NYSE:BBT)

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