Moody National Bank Trust Division continued to hold its position in BB&T Corporation (NYSE:BBT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,741 shares of the insurance provider’s stock at the end of the second quarter. Moody National Bank Trust Division’s holdings in BB&T Corporation were worth $533,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its position 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 valued at $135,000 after buying an additional 79 shares in the last quarter. Kempner Capital Management Inc. boosted its position in BB&T Corporation by 9.2% in the first quarter. Kempner Capital Management Inc. now owns 37,160 shares of the insurance provider’s stock valued at $1,661,000 after buying an additional 3,140 shares in the last quarter. Univest Corp of Pennsylvania boosted its position in BB&T Corporation by 3.6% in the first quarter. Univest Corp of Pennsylvania now owns 89,334 shares of the insurance provider’s stock valued at $3,993,000 after buying an additional 3,109 shares in the last quarter. Bank of Montreal Can boosted its position in BB&T Corporation by 8.2% in the first quarter. Bank of Montreal Can now owns 1,250,716 shares of the insurance provider’s stock valued at $55,906,000 after buying an additional 94,692 shares in the last quarter. Finally, Regentatlantic Capital LLC boosted its position in BB&T Corporation by 5.0% in the first quarter. Regentatlantic Capital LLC now owns 5,440 shares of the insurance provider’s stock valued at $243,000 after buying an additional 257 shares in the last quarter. 64.45% of the stock is owned by hedge funds and other institutional investors.

BB&T Corporation (BBT) opened at 46.68 on Friday. The stock has a market capitalization of $37.72 billion, a PE ratio of 17.42 and a beta of 1.07. The stock’s 50 day moving average is $46.02 and its 200-day moving average is $45.21. BB&T Corporation has a 52 week low of $36.75 and a 52 week high of $49.88.

BB&T Corporation (NYSE:BBT) last issued its quarterly earnings results on Thursday, July 20th. The insurance provider reported $0.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.77. The company had revenue of $2.86 billion during 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 business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 EPS. Equities research analysts forecast that BB&T Corporation will post $2.82 EPS for the current year.

BB&T Corporation announced that its board has approved a share repurchase program on Wednesday, June 28th that allows the company to repurchase $1.88 billion in outstanding shares. This repurchase authorization allows the insurance provider to purchase up to 5.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently announced 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 an increase from BB&T Corporation’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Wednesday, August 9th. BB&T Corporation’s payout ratio is presently 49.25%.

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Several research analysts recently issued reports on BBT shares. FBR & Co reissued a “hold” rating on shares of BB&T Corporation in a report on Friday, April 21st. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of BB&T Corporation in a report on Thursday, April 20th. Hilliard Lyons raised shares of BB&T Corporation from a “neutral” rating to a “buy” rating and cut their price target for the stock from $51.00 to $49.00 in a report on Monday, April 24th. BidaskClub raised shares of BB&T Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, BMO Capital Markets reissued a “hold” rating and set a $48.00 price target on shares of BB&T Corporation in a report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. BB&T Corporation has an average rating of “Hold” and an average price target of $47.19.

In related news, insider Robert Jerome Johnson, Jr. sold 18,343 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $47.19, for a total value of $865,606.17. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP William Rufus Yates sold 28,515 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $47.07, for a total transaction of $1,342,201.05. Following the completion of the sale, the executive vice president now owns 34,887 shares in the company, valued at $1,642,131.09. The disclosure for this sale can be found here. 0.36% of the stock is owned by insiders.

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.

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

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