Aurora Investment Counsel purchased a new stake in BB&T Co. (NYSE:BBT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 5,280 shares of the insurance provider’s stock, valued at approximately $263,000.
Other large investors have also made changes to their positions in the company. First Merchants Corp lifted its holdings in shares of BB&T by 9.1% in the 3rd quarter. First Merchants Corp now owns 80,743 shares of the insurance provider’s stock valued at $3,790,000 after acquiring an additional 6,753 shares during the last quarter. Captrust Financial Advisors bought a new position in shares of BB&T in the 2nd quarter valued at about $2,118,000. Bank of Hawaii bought a new position in shares of BB&T in the 3rd quarter valued at about $657,000. BRYN MAWR TRUST Co lifted its holdings in shares of BB&T by 7.2% in the 2nd quarter. BRYN MAWR TRUST Co now owns 183,137 shares of the insurance provider’s stock valued at $8,317,000 after acquiring an additional 12,361 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of BB&T by 1.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 8,829,063 shares of the insurance provider’s stock valued at $414,436,000 after acquiring an additional 86,200 shares during the last quarter. 65.28% of the stock is owned by hedge funds and other institutional investors.
Shares of BB&T Co. (NYSE:BBT) opened at $51.23 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.85. BB&T Co. has a 12 month low of $41.17 and a 12 month high of $51.64. The stock has a market cap of $40,420.00, a PE ratio of 19.04, a price-to-earnings-growth ratio of 2.07 and a beta of 1.00.
BB&T (NYSE:BBT) last posted its quarterly earnings results on Thursday, October 19th. The insurance provider reported $0.78 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.78. BB&T had a net margin of 19.42% and a return on equity of 9.64%. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis. equities analysts forecast that BB&T Co. will post 3.1 EPS for the current year.
In other news, VP Donta L. Wilson sold 4,250 shares of BB&T stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $47.51, for a total transaction of $201,917.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP W Bennett Bradley sold 7,762 shares of BB&T stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $48.16, for a total transaction of $373,817.92. Following the sale, the executive vice president now directly owns 24,341 shares of the company’s stock, valued at approximately $1,172,262.56. The disclosure for this sale can be found here. Insiders have sold 182,150 shares of company stock valued at $8,712,859 in the last ninety days. Insiders own 0.36% of the company’s stock.
BBT has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of BB&T from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. Morgan Stanley raised their price objective on shares of BB&T from $47.00 to $50.00 and gave the stock an “underweight” rating in a research note on Friday, October 20th. Citigroup reissued a “neutral” rating and issued a $49.00 price objective (up previously from $47.00) on shares of BB&T in a research note on Monday, October 9th. SunTrust Banks reissued a “buy” rating and issued a $52.00 price objective on shares of BB&T in a research note on Friday, October 20th. Finally, Stephens raised shares of BB&T from an “equal weight” rating to an “overweight” rating and set a $53.00 price objective for the company in a research note on Thursday, October 5th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $50.67.
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BB&T Corporation is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Banking and Trust Company (Branch Bank), and other nonbank subsidiaries. Its segments include Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Holdings and Financial Services.
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