Moors & Cabot Inc. increased its stake in shares of BB&T Co. (NYSE:BBT) by 2.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 57,813 shares of the insurance provider’s stock after acquiring an additional 1,473 shares during the period. Moors & Cabot Inc.’s holdings in BB&T were worth $2,843,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in BBT. NuWave Investment Management LLC bought a new position in BB&T during the 2nd quarter worth $57,000. Leavell Investment Management Inc. grew its stake in BB&T by 7.8% during the 2nd quarter. Leavell Investment Management Inc. now owns 42,204 shares of the insurance provider’s stock worth $2,073,000 after buying an additional 3,050 shares during the last quarter. Coastline Trust Co grew its stake in BB&T by 1.2% during the 2nd quarter. Coastline Trust Co now owns 49,485 shares of the insurance provider’s stock worth $2,432,000 after buying an additional 595 shares during the last quarter. Sabal Trust CO grew its stake in BB&T by 3.4% during the 2nd quarter. Sabal Trust CO now owns 585,418 shares of the insurance provider’s stock worth $28,761,000 after buying an additional 19,392 shares during the last quarter. Finally, Verity & Verity LLC grew its stake in BB&T by 0.7% during the 2nd quarter. Verity & Verity LLC now owns 204,757 shares of the insurance provider’s stock worth $10,060,000 after buying an additional 1,512 shares during the last quarter. 67.96% of the stock is currently owned by hedge funds and other institutional investors.

BBT stock traded down $0.31 during trading on Tuesday, reaching $50.89. 646,614 shares of the company’s stock were exchanged, compared to its average volume of 3,950,603. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.79. BB&T Co. has a 1-year low of $40.68 and a 1-year high of $53.08. The company has a fifty day simple moving average of $49.85. The stock has a market capitalization of $38.92 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 1.31 and a beta of 1.14.

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

A number of brokerages recently commented on BBT. ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Deutsche Bank set a $129.00 price objective on Proofpoint and gave the stock a “hold” rating in a research note on Friday. JPMorgan Chase & Co. began coverage on Pinduoduo in a research note on Tuesday, July 9th. They set an “underweight” rating and a $20.48 price objective for the company. Morgan Stanley downgraded Silicon Motion Technology from an “equal weight” rating to an “underweight” rating in a research note on Monday, April 22nd. Finally, UBS Group boosted their price target on Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Eight investment 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 $54.04.

In other news, insider David Hudson Weaver sold 21,705 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $51.44, for a total value of $1,116,505.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Donta L. Wilson sold 3,418 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $49.16, for a total value of $168,028.88. Following the completion of the sale, the insider now owns 14,911 shares of the company’s stock, valued at approximately $733,024.76. The disclosure for this sale can be found here. Insiders have sold a total of 27,623 shares of company stock valued at $1,405,359 in the last quarter. 0.49% of the stock is currently owned by insiders.

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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