Raymond James Financial Services Advisors Inc. increased its stake in shares of BB&T Co. (NYSE:BBT) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 299,358 shares of the insurance provider’s stock after buying an additional 18,452 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in BB&T were worth $14,884,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Heartland Advisors Inc. raised its position in shares of BB&T by 0.5% during the 4th quarter. Heartland Advisors Inc. now owns 206,738 shares of the insurance provider’s stock worth $10,279,000 after purchasing an additional 952 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of BB&T by 14.3% in the 4th quarter. Bessemer Group Inc. now owns 7,712 shares of the insurance provider’s stock valued at $383,000 after buying an additional 962 shares during the period. Mcmillion Capital Management Inc. grew its stake in shares of BB&T by 1.3% in the 4th quarter. Mcmillion Capital Management Inc. now owns 80,869 shares of the insurance provider’s stock valued at $4,021,000 after buying an additional 1,015 shares during the period. Strategic Financial Services Inc grew its stake in shares of BB&T by 1.0% in the 3rd quarter. Strategic Financial Services Inc now owns 113,445 shares of the insurance provider’s stock valued at $5,325,000 after buying an additional 1,085 shares during the period. Finally, Penobscot Investment Management Company Inc. boosted its position in shares of BB&T by 1.7% during the 3rd quarter. Penobscot Investment Management Company Inc. now owns 72,104 shares of the insurance provider’s stock worth $3,385,000 after purchasing an additional 1,190 shares during the period. 63.98% of the stock is currently owned by institutional investors.

A number of equities analysts recently weighed in on the stock. Oppenheimer reaffirmed a “hold” rating on shares of BB&T in a research report on Thursday, January 18th. UBS Group raised shares of BB&T from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 9th. B. Riley restated a “hold” rating and issued a $55.00 price objective on shares of BB&T in a report on Thursday, January 18th. BMO Capital Markets upgraded shares of BB&T from a “market perform” rating to an “outperform” rating and set a $49.00 price objective on the stock in a report on Friday, February 9th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of BB&T from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Wednesday, February 28th. Fifteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $53.81.

BB&T Co. (NYSE:BBT) traded down $0.76 during trading hours on Wednesday, hitting $54.62. 3,271,631 shares of the stock were exchanged, compared to its average volume of 4,006,176. BB&T Co. has a twelve month low of $41.17 and a twelve month high of $56.31. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $42,970.00, a price-to-earnings ratio of 20.30, a PEG ratio of 1.28 and a beta of 1.02.

BB&T (NYSE:BBT) last issued its quarterly earnings results on Thursday, January 18th. The insurance provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.80 by $0.04. BB&T had a net margin of 19.25% and a return on equity of 9.93%. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the prior year, the business posted $0.72 earnings per share. BB&T’s revenue for the quarter was up 3.6% compared to the same quarter last year. equities analysts expect that BB&T Co. will post 3.92 earnings per share for the current year.

The firm also recently disclosed a None dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Tuesday, March 6th will be paid a dividend of $0.045 per share. The ex-dividend date is Monday, March 5th. This represents a yield of 2.37%. BB&T’s dividend payout ratio is currently 49.07%.

In other BB&T news, Chairman Kelly S. King sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $54.68, for a total transaction of $3,280,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cynthia B. Powell sold 8,929 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $54.51, for a total transaction of $486,719.79. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 170,078 shares of company stock valued at $9,316,414. 0.36% of the stock is owned by insiders.

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BB&T Profile

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.

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

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