Traders sold shares of BB&T Corporation (NYSE:BBT) on strength during trading hours on Friday. $24.47 million flowed into the stock on the tick-up and $126.27 million flowed out of the stock on the tick-down, for a money net flow of $101.80 million out of the stock. Of all stocks tracked, BB&T Corporation had the 27th highest net out-flow for the day. BB&T Corporation traded up $0.07 for the day and closed at $44.14

A number of equities analysts recently commented on the company. Robert W. Baird reiterated a “hold” rating and set a $45.00 price objective on shares of BB&T Corporation in a research report on Friday, August 25th. BidaskClub downgraded BB&T Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Wells Fargo & Company assumed coverage on BB&T Corporation in a research report on Wednesday, August 9th. They set a “market perform” rating and a $44.00 price objective on the stock. Macquarie upgraded BB&T Corporation from an “underperform” rating to a “neutral” rating and set a $47.00 price objective on the stock in a research report on Friday, August 4th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $49.00 price objective on shares of BB&T Corporation in a research report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $47.06.

The stock has a 50 day moving average price of $46.31 and a 200 day moving average price of $45.00. The firm has a market capitalization of $35.67 billion, a P/E ratio of 17.94 and a beta of 1.08.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, August 9th. This is an increase from BB&T Corporation’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a dividend yield of 2.99%. BB&T Corporation’s dividend payout ratio (DPR) is currently 49.25%.

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

In other news, insider David Hudson Weaver sold 8,752 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $46.91, for a total transaction of $410,556.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Jerome Johnson, Jr. sold 18,343 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $47.19, for a total value of $865,606.17. The disclosure for this sale can be found here. Insiders have sold 55,610 shares of company stock valued at $2,618,364 over the last 90 days. Insiders own 0.36% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of BB&T Corporation by 2.4% during the second quarter. Vanguard Group Inc. now owns 55,519,721 shares of the insurance provider’s stock valued at $2,521,151,000 after acquiring an additional 1,325,018 shares in the last quarter. BlackRock Inc. grew its stake in shares of BB&T Corporation by 0.8% during the second quarter. BlackRock Inc. now owns 47,713,735 shares of the insurance provider’s stock valued at $2,166,682,000 after acquiring an additional 381,915 shares in the last quarter. Macquarie Group Ltd. grew its stake in shares of BB&T Corporation by 1.7% during the second quarter. Macquarie Group Ltd. now owns 17,133,475 shares of the insurance provider’s stock valued at $778,031,000 after acquiring an additional 291,257 shares in the last quarter. First Eagle Investment Management LLC grew its stake in shares of BB&T Corporation by 3.5% during the second quarter. First Eagle Investment Management LLC now owns 16,158,157 shares of the insurance provider’s stock valued at $733,742,000 after acquiring an additional 539,533 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of BB&T Corporation by 0.3% during the first quarter. Bank of America Corp DE now owns 12,766,336 shares of the insurance provider’s stock valued at $570,655,000 after acquiring an additional 43,867 shares in the last quarter. Institutional investors own 64.30% of the company’s stock.

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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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