BB&T Co. (NYSE:BBT) Position Raised by Professional Advisory Services Inc.

Professional Advisory Services Inc. raised its stake in BB&T Co. (NYSE:BBT) by 2.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 192,004 shares of the insurance provider’s stock after buying an additional 3,916 shares during the quarter. Professional Advisory Services Inc.’s holdings in BB&T were worth $8,934,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in BBT. Norges Bank acquired a new stake in shares of BB&T in the fourth quarter valued at approximately $302,329,000. BlackRock Inc. raised its holdings in shares of BB&T by 8.3% in the fourth quarter. BlackRock Inc. now owns 53,579,497 shares of the insurance provider’s stock valued at $2,321,062,000 after purchasing an additional 4,086,502 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of BB&T by 4,179.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,647,587 shares of the insurance provider’s stock valued at $84,000 after purchasing an additional 3,562,345 shares during the last quarter. Bahl & Gaynor Inc. raised its holdings in shares of BB&T by 46.0% in the fourth quarter. Bahl & Gaynor Inc. now owns 5,561,520 shares of the insurance provider’s stock valued at $240,925,000 after purchasing an additional 1,753,162 shares during the last quarter. Finally, Vanguard Group Inc raised its holdings in shares of BB&T by 1.6% in the third quarter. Vanguard Group Inc now owns 59,282,776 shares of the insurance provider’s stock valued at $2,877,586,000 after purchasing an additional 939,154 shares during the last quarter. 65.51% of the stock is currently owned by hedge funds and other institutional investors.

In other BB&T news, VP Cynthia B. Powell sold 2,651 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $49.22, for a total value of $130,482.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Patrick C. Graney III acquired 3,890 shares of the firm’s stock in a transaction on Thursday, February 28th. The stock was bought at an average price of $51.04 per share, for a total transaction of $198,545.60. Following the completion of the acquisition, the director now owns 11,456 shares of the company’s stock, valued at $584,714.24. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 8,358 shares of company stock worth $416,417. Corporate insiders own 0.49% of the company’s stock.

A number of analysts have recently issued reports on the stock. Morgan Stanley lowered their price objective on shares of BB&T from $56.00 to $53.00 and set an “equal weight” rating on the stock in a report on Monday, April 22nd. ValuEngine upgraded shares of BB&T from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. FIG Partners upgraded shares of BB&T from a “market perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a report on Friday, February 8th. Raymond James downgraded shares of BB&T from an “outperform” rating to a “market perform” rating and set a $48.49 target price on the stock. in a report on Thursday, April 4th. Finally, Deutsche Bank upgraded shares of BB&T from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Monday, March 25th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $53.49.

BBT traded up $0.21 during trading on Wednesday, reaching $48.99. 4,643,403 shares of the stock were exchanged, compared to its average volume of 5,713,535. The company has a market cap of $37.36 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 1.18 and a beta of 1.16. BB&T Co. has a twelve month low of $40.68 and a twelve month high of $55.65. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.89.

BB&T (NYSE:BBT) last issued its earnings results on Thursday, April 18th. The insurance provider reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.02. BB&T had a net margin of 23.68% and a return on equity of 12.16%. The business had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the company earned $0.94 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, research analysts forecast that BB&T Co. will post 4.31 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be issued a $0.405 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $1.62 annualized dividend and a dividend yield of 3.31%. BB&T’s dividend payout ratio is currently 40.00%.

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

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