Massmutual Trust Co. FSB ADV lifted its stake in BB&T Co. (NYSE:BBT) by 98.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,129 shares of the insurance provider’s stock after buying an additional 4,519 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in BB&T were worth $460,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First PREMIER Bank lifted its stake in shares of BB&T by 64.9% in the 2nd quarter. First PREMIER Bank now owns 2,540 shares of the insurance provider’s stock worth $128,000 after acquiring an additional 1,000 shares during the period. Legacy Private Trust Co. lifted its stake in shares of BB&T by 14.0% in the second quarter. Legacy Private Trust Co. now owns 8,530 shares of the insurance provider’s stock valued at $430,000 after purchasing an additional 1,050 shares during the period. Capital Investment Advisory Services LLC lifted its stake in shares of BB&T by 5.7% in the second quarter. Capital Investment Advisory Services LLC now owns 20,016 shares of the insurance provider’s stock valued at $1,010,000 after purchasing an additional 1,085 shares during the period. Mutual of America Capital Management LLC lifted its stake in shares of BB&T by 1.1% in the second quarter. Mutual of America Capital Management LLC now owns 100,393 shares of the insurance provider’s stock valued at $5,064,000 after purchasing an additional 1,089 shares during the period. Finally, Highlander Capital Management LLC lifted its stake in shares of BB&T by 16.1% in the first quarter. Highlander Capital Management LLC now owns 8,060 shares of the insurance provider’s stock valued at $409,000 after purchasing an additional 1,118 shares during the period. 64.65% of the stock is currently owned by hedge funds and other institutional investors.

BBT has been the subject of a number of recent research reports. Stephens reiterated a “buy” rating and set a $59.00 price target on shares of BB&T in a report on Friday, July 20th. B. Riley lowered their price target on shares of BB&T from $59.00 to $56.00 and set a “buy” rating for the company in a report on Friday, July 20th. BMO Capital Markets restated a “buy” rating and issued a $59.00 target price on shares of BB&T in a report on Thursday, July 12th. Zacks Investment Research upgraded shares of BB&T from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Wednesday, October 3rd. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $52.00 price target on shares of BB&T in a research report on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $54.63.

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

BBT traded down $0.56 during trading on Friday, hitting $46.88. The company had a trading volume of 5,666,833 shares, compared to its average volume of 3,738,834. The stock has a market capitalization of $37.59 billion, a PE ratio of 14.93, a P/E/G ratio of 1.04 and a beta of 1.05. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.88 and a quick ratio of 0.88. BB&T Co. has a 1-year low of $44.62 and a 1-year high of $56.31.

BB&T (NYSE:BBT) last posted its quarterly earnings results on Thursday, July 19th. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). BB&T had a net margin of 22.53% and a return on equity of 11.02%. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same period in the prior year, the company earned $0.77 earnings per share. The company’s revenue was up .8% on a year-over-year basis. On average, equities research analysts forecast that BB&T Co. will post 4 earnings per share for the current fiscal year.

BB&T Profile

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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