Stanley Laman Group Ltd. trimmed its stake in BB&T Co. (NYSE:BBT) by 3.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,393 shares of the insurance provider’s stock after selling 1,398 shares during the quarter. Stanley Laman Group Ltd.’s holdings in BB&T were worth $2,083,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC raised its holdings in shares of BB&T by 0.6% in the second quarter. Advisory Services Network LLC now owns 50,109 shares of the insurance provider’s stock worth $2,462,000 after acquiring an additional 319 shares during the last quarter. Coastal Investment Advisors Inc. increased its stake in BB&T by 48.1% in the second quarter. Coastal Investment Advisors Inc. now owns 3,420 shares of the insurance provider’s stock valued at $168,000 after purchasing an additional 1,111 shares during the last quarter. Cape Cod Five Cents Savings Bank increased its stake in BB&T by 3.1% in the second quarter. Cape Cod Five Cents Savings Bank now owns 98,378 shares of the insurance provider’s stock valued at $4,833,000 after purchasing an additional 2,964 shares during the last quarter. Tdam USA Inc. increased its stake in BB&T by 414.4% in the second quarter. Tdam USA Inc. now owns 94,781 shares of the insurance provider’s stock valued at $4,657,000 after purchasing an additional 76,357 shares during the last quarter. Finally, Pendal Group Ltd increased its stake in BB&T by 4.9% in the second quarter. Pendal Group Ltd now owns 38,745 shares of the insurance provider’s stock valued at $1,832,000 after purchasing an additional 1,804 shares during the last quarter. 67.93% of the stock is owned by institutional investors.

In other BB&T news, insider David Hudson Weaver sold 21,705 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $51.44, for a total transaction of $1,116,505.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Louis B. Lynn sold 2,500 shares of the company’s stock in a transaction dated 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. Corporate insiders own 0.49% of the company’s stock.

NYSE:BBT traded down $0.75 on Wednesday, hitting $45.46. 1,369,179 shares of the stock were exchanged, compared to its average volume of 5,184,485. The stock has a market capitalization of $35.40 billion, a PE ratio of 11.22, a PEG ratio of 1.20 and a beta of 1.12. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.87 and a current ratio of 0.88. The business has a fifty day moving average of $49.52. BB&T Co. has a fifty-two week low of $40.68 and a fifty-two week high of $53.08.

BB&T (NYSE:BBT) last announced 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 company 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 firm’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.01 earnings per share. Research analysts expect that BB&T Co. will post 4.23 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders 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 annualized dividend and a yield of 3.96%. BB&T’s dividend payout ratio is presently 40.00%.

Several equities analysts recently commented on BBT shares. JPMorgan Chase & Co. dropped their target price on BB&T from $51.50 to $50.50 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. ValuEngine upgraded BB&T from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Deutsche Bank set a $59.00 target price on BB&T and gave the company a “buy” rating in a research note on Friday, July 26th. UBS Group dropped their target price on 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, Morgan Stanley set a $51.00 target price on BB&T and gave the company a “hold” rating in a research note on Friday, August 9th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. BB&T currently has an average rating of “Hold” and an average target price of $53.86.

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

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