Public Employees Retirement Association of Colorado decreased its position in BB&T Corporation (NYSE:BBT) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 146,048 shares of the insurance provider’s stock after selling 315 shares during the period. Public Employees Retirement Association of Colorado’s holdings in BB&T Corporation were worth $6,632,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the company. Jolley Asset Management LLC increased its stake in BB&T Corporation by 1.0% in the first quarter. Jolley Asset Management LLC now owns 2,500 shares of the insurance provider’s stock worth $112,000 after buying an additional 25 shares during the period. Liberty Capital Management Inc. bought a new stake in BB&T Corporation during the second quarter worth about $136,000. Guardian Life Insurance Co. of America increased its stake in BB&T Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 3,130 shares of the insurance provider’s stock worth $140,000 after buying an additional 21 shares during the period. Quadrant Capital Group LLC increased its stake in BB&T Corporation by 2.6% in the first quarter. Quadrant Capital Group LLC now owns 3,152 shares of the insurance provider’s stock worth $135,000 after buying an additional 79 shares during the period. Finally, Pathstone Family Office LLC bought a new stake in BB&T Corporation during the first quarter worth about $150,000. 64.45% of the stock is currently owned by institutional investors.

BB&T Corporation (NYSE:BBT) opened at 48.25 on Wednesday. The firm has a market cap of $38.99 billion, a PE ratio of 18.01 and a beta of 1.07. The firm’s 50-day moving average is $45.60 and its 200 day moving average is $45.15. BB&T Corporation has a 12-month low of $36.75 and a 12-month high of $49.88.

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

BB&T Corporation announced that its Board of Directors has initiated a stock buyback plan on Wednesday, June 28th that permits the company to repurchase $1.88 billion in shares. This repurchase authorization permits the insurance provider to reacquire up to 5.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be issued a $0.33 dividend. This is a positive change from BB&T Corporation’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $1.32 annualized dividend and a yield of 2.74%. BB&T Corporation’s dividend payout ratio (DPR) is presently 44.78%.

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BBT has been the topic of a number of research analyst reports. BidaskClub raised shares of BB&T Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. FBR & Co reissued a “hold” rating on shares of BB&T Corporation in a research note on Friday, April 21st. Jefferies Group LLC reissued a “hold” rating and issued a $49.00 price target on shares of BB&T Corporation in a research note on Friday, July 14th. Macquarie raised shares of BB&T Corporation from an “underperform” rating to a “neutral” rating in a research note on Friday, August 4th. Finally, Hilliard Lyons raised shares of BB&T Corporation from a “neutral” rating to a “buy” rating and reduced their price target for the company from $51.00 to $49.00 in a research note on Monday, April 24th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $47.43.

In other BB&T Corporation news, EVP William Rufus Yates sold 28,515 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 34,887 shares of the company’s stock, valued at $1,642,131.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Jerome Johnson, Jr. sold 18,343 shares of the stock in a transaction that occurred on 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. Company insiders own 0.36% of the company’s stock.

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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