ETRADE Capital Management LLC lessened its holdings in shares of BB&T Corporation (NYSE:BBT) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,837 shares of the insurance provider’s stock after selling 1,325 shares during the quarter. ETRADE Capital Management LLC’s holdings in BB&T Corporation were worth $2,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of BBT. BlackRock Inc. boosted its stake in shares of BB&T Corporation by 2,875.1% during the 1st quarter. BlackRock Inc. now owns 47,331,820 shares of the insurance provider’s stock worth $2,115,732,000 after acquiring an additional 45,740,906 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of BB&T Corporation by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 54,194,703 shares of the insurance provider’s stock worth $2,422,504,000 after acquiring an additional 1,656,297 shares during the last quarter. Janus Capital Management LLC boosted its stake in shares of BB&T Corporation by 46.8% during the 1st quarter. Janus Capital Management LLC now owns 3,333,817 shares of the insurance provider’s stock worth $149,021,000 after acquiring an additional 1,062,590 shares during the last quarter. FMR LLC boosted its stake in shares of BB&T Corporation by 214.8% during the 1st quarter. FMR LLC now owns 1,464,005 shares of the insurance provider’s stock worth $65,440,000 after acquiring an additional 998,898 shares during the last quarter. Finally, Westwood Holdings Group Inc. boosted its stake in shares of BB&T Corporation by 100.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,806,209 shares of the insurance provider’s stock worth $80,738,000 after acquiring an additional 903,335 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Several analysts have recently commented on the stock. BidaskClub upgraded shares of BB&T Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. BMO Capital Markets restated a “hold” rating and set a $49.00 price objective on shares of BB&T Corporation in a research report on Friday, July 21st. Hilliard Lyons downgraded shares of BB&T Corporation from a “buy” rating to a “hold” rating and set a $51.00 price objective on the stock. in a research report on Friday, July 21st. Jefferies Group LLC restated a “hold” rating and set a $49.00 price objective on shares of BB&T Corporation in a research report on Friday, July 14th. Finally, Robert W. Baird restated a “hold” rating and set a $45.00 price objective on shares of BB&T Corporation in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the stock. BB&T Corporation presently has an average rating of “Hold” and a consensus price target of $47.06.

WARNING: “ETRADE Capital Management LLC Has $2.26 Million Stake in BB&T Corporation (BBT)” was published by Daily Political and is owned by of Daily Political. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this news story can be accessed at https://www.dailypolitical.com/2017/09/22/etrade-capital-management-llc-has-2-26-million-stake-in-bbt-corporation-bbt.html.

Shares of BB&T Corporation (BBT) traded down 0.33% during mid-day trading on Friday, reaching $45.09. 468,360 shares of the company’s stock were exchanged. The stock has a market capitalization of $36.44 billion, a PE ratio of 18.33 and a beta of 1.08. BB&T Corporation has a 1-year low of $36.80 and a 1-year high of $49.88. The company’s 50 day moving average is $46.08 and its 200 day moving average is $44.85.

BB&T Corporation (NYSE:BBT) last issued its 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 business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 earnings per share. Equities research analysts anticipate that BB&T Corporation will post $2.81 EPS for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were given a dividend of $0.33 per share. This is a boost from BB&T Corporation’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend was Wednesday, August 9th. BB&T Corporation’s dividend payout ratio (DPR) is presently 49.25%.

In related news, 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 transaction of $865,606.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William Rufus Yates sold 28,515 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 34,887 shares of the company’s stock, valued at $1,642,131.09. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,610 shares of company stock valued at $2,618,364. 0.36% of the stock is owned by company 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.

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

Receive News & Ratings for BB&T Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BB&T Corporation and related companies with MarketBeat.com's FREE daily email newsletter.