BB&T Co. (BBT) Holdings Cut by NN Investment Partners Holdings N.V.

NN Investment Partners Holdings N.V. lowered its stake in shares of BB&T Co. (NYSE:BBT) by 4.3% in the third quarter, HoldingsChannel.com reports. The firm owned 246,451 shares of the insurance provider’s stock after selling 10,986 shares during the period. NN Investment Partners Holdings N.V.’s holdings in BB&T were worth $11,963,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. IMA Wealth Inc. bought a new stake in BB&T during the second quarter worth approximately $116,000. First PREMIER Bank boosted its position in BB&T by 64.9% during the second quarter. First PREMIER Bank now owns 2,540 shares of the insurance provider’s stock worth $128,000 after purchasing an additional 1,000 shares during the period. ClariVest Asset Management LLC bought a new stake in BB&T during the second quarter worth approximately $167,000. Whittier Trust Co. boosted its position in BB&T by 591.3% during the second quarter. Whittier Trust Co. now owns 4,300 shares of the insurance provider’s stock worth $170,000 after purchasing an additional 3,678 shares during the period. Finally, Bridgeworth LLC bought a new stake in BB&T during the second quarter worth approximately $197,000. 64.70% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE BBT opened at $49.16 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87. The firm has a market capitalization of $37.21 billion, a P/E ratio of 15.66, a PEG ratio of 1.17 and a beta of 1.05. BB&T Co. has a one year low of $45.73 and a one year high of $56.31.



BB&T (NYSE:BBT) last issued its earnings results on Thursday, October 18th. The insurance provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.93 billion. BB&T had a return on equity of 11.66% and a net margin of 23.52%. BB&T’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 earnings per share. Equities analysts anticipate that BB&T Co. will post 4.03 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Friday, November 9th will be paid a $0.405 dividend. The ex-dividend date is Thursday, November 8th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.30%. BB&T’s payout ratio is 51.59%.

A number of equities research analysts have issued reports on BBT shares. BMO Capital Markets decreased their target price on BB&T from $59.00 to $58.00 and set an “outperform” rating for the company in a research report on Friday, July 20th. Zacks Investment Research lowered BB&T from a “buy” rating to a “hold” rating in a report on Friday, October 12th. Stephens reiterated a “buy” rating and set a $59.00 price target on shares of BB&T in a report on Friday, July 20th. ValuEngine upgraded BB&T from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. Finally, FIG Partners lowered BB&T from an “outperform” rating to a “market perform” rating in a report on Friday, July 20th. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $55.12.

In related news, insider Donta L. Wilson sold 3,018 shares of the company’s stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $51.55, for a total value of $155,577.90. Following the completion of the transaction, the insider now directly owns 14,911 shares in the company, valued at $768,662.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.51% of the company’s stock.

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.

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

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