LS Investment Advisors LLC Has $1,118,000 Position in BB&T Corp. (BBT)
LS Investment Advisors LLC raised its position in BB&T Corp. (NYSE:BBT) by 4.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,404 shares of the company’s stock after buying an additional 1,275 shares during the period. LS Investment Advisors LLC’s holdings in BB&T Corp. were worth $1,118,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of BBT. Hexavest Inc. purchased a new stake in shares of BB&T Corp. during the second quarter worth about $52,197,000. Dodge & Cox increased its stake in shares of BB&T Corp. by 3.0% in the first quarter. Dodge & Cox now owns 24,736,302 shares of the company’s stock worth $822,977,000 after buying an additional 713,975 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of BB&T Corp. during the first quarter worth about $20,418,000. Franklin Resources Inc. increased its stake in shares of BB&T Corp. by 23.1% in the first quarter. Franklin Resources Inc. now owns 2,524,830 shares of the company’s stock worth $84,001,000 after buying an additional 474,315 shares in the last quarter. Finally, Natixis bought a new stake in shares of BB&T Corp. during the first quarter worth $7,458,000. Hedge funds and other institutional investors own 63.04% of the company’s stock.
Shares of BB&T Corp. (NYSE:BBT) traded up 0.77% during mid-day trading on Monday, hitting $39.19. 3,282,239 shares of the stock were exchanged. BB&T Corp. has a 12 month low of $29.95 and a 12 month high of $39.47. The firm has a market cap of $31.92 billion, a P/E ratio of 15.13 and a beta of 1.03. The stock’s 50 day moving average is $38.06 and its 200 day moving average is $36.13.
BB&T Corp. (NYSE:BBT) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.05. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.73 billion. BB&T Corp. had a return on equity of 9.12% and a net margin of 20.11%. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 EPS. Analysts expect that BB&T Corp. will post $2.76 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on BBT shares. Vetr raised shares of BB&T Corp. from a “buy” rating to a “strong-buy” rating and set a $39.62 target price on the stock in a research note on Monday, June 27th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $39.00 target price on shares of BB&T Corp. in a research note on Wednesday, June 15th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $40.00 target price on shares of BB&T Corp. in a research note on Wednesday, July 6th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $42.00 target price on shares of BB&T Corp. in a research note on Wednesday, September 28th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $40.00 target price on shares of BB&T Corp. in a research note on Sunday, July 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $39.67.
In other news, insider Barbara F. Duck sold 29,976 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $36.79, for a total transaction of $1,102,817.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director I. Patricia Henry sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $38.13, for a total value of $38,130.00. Following the sale, the director now directly owns 8,090 shares in the company, valued at $308,471.70. The disclosure for this sale can be found here. Insiders own 0.88% of the company’s stock.
BB&T Corp. Company Profile
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