Pendal Group Ltd Purchases 1,804 Shares of BB&T Co. (NYSE:BBT)

Pendal Group Ltd lifted its position in BB&T Co. (NYSE:BBT) by 4.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 38,745 shares of the insurance provider’s stock after purchasing an additional 1,804 shares during the period. Pendal Group Ltd’s holdings in BB&T were worth $1,832,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Zeke Capital Advisors LLC grew its holdings in shares of BB&T by 1.1% in the second quarter. Zeke Capital Advisors LLC now owns 18,566 shares of the insurance provider’s stock worth $912,000 after purchasing an additional 198 shares during the last quarter. Graves Light Private Wealth Management Inc. lifted its stake in BB&T by 0.4% in the second quarter. Graves Light Private Wealth Management Inc. now owns 52,085 shares of the insurance provider’s stock worth $2,559,000 after acquiring an additional 200 shares during the period. Weather Gauge Advisory LLC lifted its stake in BB&T by 0.3% in the second quarter. Weather Gauge Advisory LLC now owns 78,278 shares of the insurance provider’s stock worth $3,846,000 after acquiring an additional 206 shares during the period. Lakeview Capital Partners LLC lifted its stake in BB&T by 2.5% in the first quarter. Lakeview Capital Partners LLC now owns 8,637 shares of the insurance provider’s stock worth $402,000 after acquiring an additional 209 shares during the period. Finally, Wetherby Asset Management Inc. lifted its stake in BB&T by 1.3% in the second quarter. Wetherby Asset Management Inc. now owns 19,567 shares of the insurance provider’s stock worth $961,000 after acquiring an additional 250 shares during the period. Hedge funds and other institutional investors own 67.93% of the company’s stock.

In other news, Director Louis B. Lynn sold 2,500 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $48.33, for a total transaction of $120,825.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Hudson Weaver sold 21,705 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $51.44, for a total value of $1,116,505.20. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.



BB&T stock traded up $0.39 on Thursday, hitting $45.63. 107,185 shares of the stock traded hands, compared to its average volume of 4,621,313. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.87 and a current ratio of 0.88. The stock has a market capitalization of $35.72 billion, a price-to-earnings ratio of 11.27, a P/E/G ratio of 1.18 and a beta of 1.12. The firm has a fifty day moving average of $49.46. BB&T Co. has a 1 year low of $40.68 and a 1 year high of $53.08.

BB&T (NYSE:BBT) last announced its quarterly earnings data on Thursday, July 18th. The insurance provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.08 by $0.04. The business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.01 billion. BB&T had a return on equity of 12.23% and a net margin of 23.58%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 earnings per share. On average, equities analysts forecast that BB&T Co. will post 4.23 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 14th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend is Tuesday, August 13th. BB&T’s dividend payout ratio is currently 40.00%.

A number of brokerages recently commented on BBT. Deutsche Bank set a $59.00 price target on BB&T and gave the stock a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. dropped their price target on BB&T from $51.50 to $50.50 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. ValuEngine raised BB&T from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. UBS Group dropped their price target on BB&T from $55.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Finally, Morgan Stanley set a $51.00 price target on BB&T and gave the stock a “hold” rating in a research note on Friday, August 9th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $53.86.

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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