Jefferies Group LLC reaffirmed their hold rating on shares of BB&T Corporation (NYSE:BBT) in a research note issued to investors on Friday. The firm currently has a $49.00 target price on the insurance provider’s stock.

A number of other analysts also recently issued reports on BBT. BMO Capital Markets reiterated a hold rating and issued a $48.00 price objective on shares of BB&T Corporation in a report on Friday, June 30th. BidaskClub upgraded shares of BB&T Corporation from a sell rating to a hold rating in a report on Saturday, June 10th. FBR & Co reiterated a hold rating on shares of BB&T Corporation in a report on Friday, April 21st. Oppenheimer Holdings, Inc. reiterated a hold rating on shares of BB&T Corporation in a report on Thursday, April 20th. Finally, Royal Bank Of Canada reiterated a buy rating and issued a $50.00 price objective on shares of BB&T Corporation in a report on Tuesday, April 4th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $47.21.

BB&T Corporation (NYSE BBT) traded up 0.22% on Friday, reaching $44.91. 2,344,605 shares of the company’s stock traded hands. The stock has a market capitalization of $36.44 billion, a PE ratio of 17.55 and a beta of 1.06. The firm’s 50-day moving average is $43.22 and its 200 day moving average is $45.26. BB&T Corporation has a 52-week low of $36.19 and a 52-week high of $49.88.

BB&T Corporation (NYSE:BBT) last posted its quarterly earnings data on Thursday, April 20th. The insurance provider reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.01. BB&T Corporation had a net margin of 19.06% and a return on equity of 9.49%. The company had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period last year, the company earned $0.69 earnings per share. The firm’s revenue was up 9.2% compared to the same quarter last year. Analysts forecast that BB&T Corporation will post $2.84 EPS for the current year.

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BB&T Corporation declared that its board has approved a stock buyback plan on Wednesday, June 28th that authorizes the company to repurchase $1.88 billion in outstanding shares. This repurchase authorization authorizes the insurance provider to purchase up to 5.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

In other BB&T Corporation news, insider Clarke R. Starnes III sold 53,594 shares of the company’s stock in a transaction on Friday, April 21st. The shares were sold at an average price of $43.37, for a total value of $2,324,371.78. Following the transaction, the insider now directly owns 131,350 shares in the company, valued at $5,696,649.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.36% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in BBT. BlackRock Inc. raised its stake in shares of BB&T Corporation by 2,875.1% in the first quarter. BlackRock Inc. now owns 47,331,820 shares of the insurance provider’s stock worth $2,115,732,000 after buying an additional 45,740,906 shares during the period. Dodge & Cox bought a new stake in shares of BB&T Corporation during the fourth quarter worth about $996,945,000. Vanguard Group Inc. raised its stake in shares of BB&T Corporation by 3.2% in the first quarter. Vanguard Group Inc. now owns 54,194,703 shares of the insurance provider’s stock worth $2,422,504,000 after buying an additional 1,656,297 shares during the period. Janus Capital Management LLC raised its stake in shares of BB&T Corporation by 46.8% in the first quarter. Janus Capital Management LLC now owns 3,333,817 shares of the insurance provider’s stock worth $149,021,000 after buying an additional 1,062,590 shares during the period. Finally, FMR LLC raised its stake in shares of BB&T Corporation by 214.8% in the first quarter. FMR LLC now owns 1,464,005 shares of the insurance provider’s stock worth $65,440,000 after buying an additional 998,898 shares during the period. 64.23% of the stock is owned by institutional investors.

BB&T Corporation Company Profile

BB&T Corporation is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Banking and Trust Company (Branch Bank), and other nonbank subsidiaries. Its segments include Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Holdings and Financial Services.

Analyst Recommendations for BB&T Corporation (NYSE:BBT)

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