Oakbrook Investments LLC decreased its stake in BB&T Co. (NYSE:BBT) by 3.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,250 shares of the insurance provider’s stock after selling 960 shares during the quarter. Oakbrook Investments LLC’s holdings in BB&T were worth $1,241,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in BBT. Advisory Services Network LLC boosted its holdings in BB&T by 34.3% during the 1st quarter. Advisory Services Network LLC now owns 49,790 shares of the insurance provider’s stock valued at $2,317,000 after acquiring an additional 12,729 shares during the period. ZWJ Investment Counsel Inc. boosted its holdings in BB&T by 4.4% during the 1st quarter. ZWJ Investment Counsel Inc. now owns 29,093 shares of the insurance provider’s stock valued at $1,354,000 after acquiring an additional 1,228 shares during the period. Raymond James & Associates boosted its holdings in BB&T by 13.5% during the 1st quarter. Raymond James & Associates now owns 2,468,226 shares of the insurance provider’s stock valued at $114,846,000 after acquiring an additional 292,660 shares during the period. Parallel Advisors LLC boosted its holdings in BB&T by 83.2% during the 1st quarter. Parallel Advisors LLC now owns 3,107 shares of the insurance provider’s stock valued at $145,000 after acquiring an additional 1,411 shares during the period. Finally, Advisor Group Inc. boosted its holdings in BB&T by 26.7% during the 1st quarter. Advisor Group Inc. now owns 78,824 shares of the insurance provider’s stock valued at $3,670,000 after acquiring an additional 16,608 shares during the period. Hedge funds and other institutional investors own 68.11% of the company’s stock.

In other news, insider Donta L. Wilson sold 3,418 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $49.16, for a total value of $168,028.88. Following the completion of the transaction, the insider now directly owns 14,911 shares of the company’s stock, valued at approximately $733,024.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Louis B. Lynn sold 2,500 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $48.33, for a total value of $120,825.00. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

A number of research firms recently issued reports on BBT. ValuEngine cut Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. UBS Group upped their target price on Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Raymond James reiterated a “buy” rating on shares of Teck Resources in a report on Thursday, April 4th. JPMorgan Chase & Co. started coverage on Pinduoduo in a report on Tuesday, July 9th. They issued an “underweight” rating and a $20.48 target price for the company. Finally, Morgan Stanley cut Silicon Motion Technology from an “equal weight” rating to an “underweight” rating in a report on Monday, April 22nd. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. BB&T presently has an average rating of “Hold” and a consensus price target of $52.80.

Shares of BBT traded up $0.40 during trading hours on Friday, hitting $51.65. The company had a trading volume of 3,409,668 shares, compared to its average volume of 4,147,011. The company has a market cap of $39.56 billion, a P/E ratio of 12.75, a PEG ratio of 1.31 and a beta of 1.13. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.88 and a quick ratio of 0.87. BB&T Co. has a one year low of $40.68 and a one year high of $53.08. The business’s fifty day moving average price is $49.68.

BB&T (NYSE:BBT) last released its quarterly earnings results on Thursday, July 18th. The insurance provider reported $1.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.04. The firm 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 business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 EPS. Sell-side analysts predict that BB&T Co. will post 4.23 earnings per share for the current year.

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.

Read More: Price-Sales Ratio

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

Receive News & Ratings for BB&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BB&T and related companies with MarketBeat.com's FREE daily email newsletter.