BB&T Co. (NYSE:BBT) Shares Purchased by GWM Advisors LLC

GWM Advisors LLC boosted its position in BB&T Co. (NYSE:BBT) by 1.4% in the second quarter, Holdings Channel.com reports. The firm owned 36,727 shares of the insurance provider’s stock after acquiring an additional 514 shares during the quarter. GWM Advisors LLC’s holdings in BB&T were worth $1,804,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in BBT. GHP Investment Advisors Inc. lifted its position in shares of BB&T by 3.3% during the 2nd quarter. GHP Investment Advisors Inc. now owns 59,196 shares of the insurance provider’s stock valued at $2,908,000 after acquiring an additional 1,873 shares during the period. Whitener Capital Management Inc. lifted its position in shares of BB&T by 21.5% during the 2nd quarter. Whitener Capital Management Inc. now owns 38,589 shares of the insurance provider’s stock valued at $1,895,000 after acquiring an additional 6,829 shares during the period. Galibier Capital Management Ltd. lifted its position in shares of BB&T by 0.7% during the 2nd quarter. Galibier Capital Management Ltd. now owns 35,593 shares of the insurance provider’s stock valued at $1,749,000 after acquiring an additional 241 shares during the period. Sompo Japan Nipponkoa Asset Management CO. LTD. lifted its position in shares of BB&T by 1.6% during the 2nd quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. now owns 99,400 shares of the insurance provider’s stock valued at $4,884,000 after acquiring an additional 1,570 shares during the period. Finally, BHK Investment Advisors LLC lifted its position in shares of BB&T by 44.9% during the 2nd quarter. BHK Investment Advisors LLC now owns 25,913 shares of the insurance provider’s stock valued at $1,273,000 after acquiring an additional 8,028 shares during the period. Hedge funds and other institutional investors own 68.38% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Co set a $55.00 price target on shares of BB&T and gave the company a “buy” rating in a research report on Friday. ValuEngine upgraded shares of BB&T from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Morgan Stanley set a $51.00 price target on shares of BB&T and gave the company a “hold” rating in a research report on Friday, August 9th. UBS Group dropped their price objective on shares of 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, Deutsche Bank set a $59.00 price objective on shares of BB&T and gave the stock a “buy” rating in a research note on Friday, July 26th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $53.95.



Shares of BBT traded down $0.56 during mid-day trading on Tuesday, reaching $46.40. 69,181 shares of the company’s stock were exchanged, compared to its average volume of 4,832,249. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.79. The company has a 50-day simple moving average of $49.24 and a two-hundred day simple moving average of $49.21. BB&T Co. has a 52-week low of $40.68 and a 52-week high of $53.08. The company has a market cap of $35.61 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 1.18 and a beta of 1.12.

BB&T (NYSE:BBT) last issued its quarterly earnings data on Thursday, July 18th. The insurance provider reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.04. BB&T had a net margin of 23.58% and a return on equity of 12.23%. The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same period last year, the company posted $1.01 EPS. The company’s revenue was up 5.7% on a year-over-year basis. As a group, equities research analysts predict that BB&T Co. will post 4.22 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 14th will be paid a dividend of $0.45 per share. The ex-dividend date is Tuesday, August 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.88%. BB&T’s dividend payout ratio (DPR) is 44.44%.

In other BB&T news, Director Louis B. Lynn sold 2,500 shares of BB&T stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $48.33, for a total value of $120,825.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Hudson Weaver sold 21,705 shares of BB&T stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $51.44, for a total transaction of $1,116,505.20. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

About BB&T

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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Want to see what other hedge funds are holding BBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BB&T Co. (NYSE:BBT).

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

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