Carroll Financial Associates Inc. boosted its position in BB&T Corporation (NYSE:BBT) by 3.3% during the second quarter, Holdings Channel reports. The firm owned 167,105 shares of the insurance provider’s stock after buying an additional 5,312 shares during the period. BB&T Corporation comprises 0.9% of Carroll Financial Associates Inc.’s holdings, making the stock its 24th largest position. Carroll Financial Associates Inc.’s holdings in BB&T Corporation were worth $7,588,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Breton Hill Capital Ltd. boosted its position in shares of BB&T Corporation by 39.7% in the second quarter. Breton Hill Capital Ltd. now owns 31,625 shares of the insurance provider’s stock worth $1,436,000 after buying an additional 8,991 shares in the last quarter. Quantitative Systematic Strategies LLC boosted its position in shares of BB&T Corporation by 67.1% in the second quarter. Quantitative Systematic Strategies LLC now owns 25,494 shares of the insurance provider’s stock worth $1,161,000 after buying an additional 10,235 shares in the last quarter. Hermes Investment Management Ltd. acquired a new position in shares of BB&T Corporation during the second quarter worth about $391,000. APG Asset Management N.V. boosted its position in shares of BB&T Corporation by 6.2% in the second quarter. APG Asset Management N.V. now owns 532,382 shares of the insurance provider’s stock worth $24,175,000 after buying an additional 31,300 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. boosted its position in shares of BB&T Corporation by 5.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 6,729 shares of the insurance provider’s stock worth $306,000 after buying an additional 339 shares in the last quarter. Institutional investors and hedge funds own 64.45% of the company’s stock.

BB&T Corporation (NYSE:BBT) traded down 0.19% during midday trading on Monday, hitting $48.27. The stock had a trading volume of 1,234,281 shares. BB&T Corporation has a 52 week low of $36.45 and a 52 week high of $49.88. The stock’s 50 day moving average price is $45.29 and its 200-day moving average price is $45.09. The company has a market cap of $39.01 billion, a PE ratio of 18.02 and a beta of 1.07.

BB&T Corporation (NYSE:BBT) last released its quarterly earnings results on Thursday, July 20th. The insurance provider reported $0.77 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.77. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.89 billion. BB&T Corporation had a net margin of 19.57% and a return on equity of 9.62%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 earnings per share. Equities research analysts predict that BB&T Corporation will post $2.83 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be given a $0.33 dividend. The ex-dividend date is Wednesday, August 9th. This is a positive change from BB&T Corporation’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a yield of 2.73%. BB&T Corporation’s payout ratio is 44.78%.

BB&T Corporation declared that its board has approved a share buyback plan on Wednesday, June 28th that permits the company to repurchase $1.88 billion in outstanding shares. This repurchase authorization permits 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 leadership believes its shares are undervalued.

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A number of brokerages have issued reports on BBT. Macquarie raised shares of BB&T Corporation from an “underperform” rating to a “neutral” rating in a report on Friday. BMO Capital Markets reissued a “hold” rating and issued a $49.00 target price on shares of BB&T Corporation in a report on Friday, July 21st. Hilliard Lyons cut shares of BB&T Corporation from a “buy” rating to a “hold” rating and set a $51.00 target price on the stock. in a report on Friday, July 21st. Jefferies Group LLC reissued a “hold” rating and issued a $49.00 target price on shares of BB&T Corporation in a report on Friday, July 14th. Finally, BidaskClub raised shares of BB&T Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 30th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. BB&T Corporation presently has a consensus rating of “Hold” and a consensus price target of $47.43.

In other BB&T Corporation news, EVP William Rufus Yates sold 28,515 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $47.07, for a total value of $1,342,201.05. Following the transaction, the executive vice president now directly owns 34,887 shares in the company, valued at $1,642,131.09. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Robert Jerome Johnson, Jr. sold 18,343 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $47.19, for a total transaction of $865,606.17. The disclosure for this sale can be found here. 0.36% of the stock is owned by insiders.

About BB&T Corporation

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.

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

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