BB&T Corporation (BBT) Shares Bought by Toronto Dominion Bank
Toronto Dominion Bank raised its position in shares of BB&T Corporation (NYSE:BBT) by 11.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 310,395 shares of the insurance provider’s stock after purchasing an additional 30,820 shares during the period. Toronto Dominion Bank’s holdings in BB&T Corporation were worth $14,568,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Archford Capital Strategies LLC raised its position in BB&T Corporation by 199.9% during the 2nd quarter. Archford Capital Strategies LLC now owns 2,249 shares of the insurance provider’s stock valued at $191,000 after purchasing an additional 1,499 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in BB&T Corporation during the 2nd quarter valued at $111,000. Community Bank N.A. raised its position in BB&T Corporation by 6.2% during the 2nd quarter. Community Bank N.A. now owns 2,474 shares of the insurance provider’s stock valued at $112,000 after purchasing an additional 144 shares in the last quarter. Liberty Capital Management Inc. bought a new stake in BB&T Corporation during the 2nd quarter valued at $136,000. Finally, Highstreet Asset Management Inc. raised its position in BB&T Corporation by 105.3% during the 3rd quarter. Highstreet Asset Management Inc. now owns 3,053 shares of the insurance provider’s stock valued at $143,000 after purchasing an additional 1,566 shares in the last quarter. 65.64% of the stock is owned by institutional investors and hedge funds.
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BBT has been the subject of a number of research analyst reports. Zacks Investment Research lowered BB&T Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Morgan Stanley boosted their price target on BB&T Corporation from $47.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, October 20th. BMO Capital Markets boosted their price target on BB&T Corporation from $48.00 to $49.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. Robert W. Baird reissued a “hold” rating and issued a $45.00 price target on shares of BB&T Corporation in a research report on Friday, August 25th. Finally, Macquarie raised BB&T Corporation from an “underperform” rating to a “neutral” rating and set a $47.00 price target for the company in a research report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $49.17.
In other news, insider David Hudson Weaver sold 8,752 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $46.91, for a total value of $410,556.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Donna C. Goodrich sold 26,869 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $49.13, for a total value of $1,320,073.97. Following the completion of the sale, the insider now owns 78,589 shares in the company, valued at approximately $3,861,077.57. The disclosure for this sale can be found here. Insiders sold 180,103 shares of company stock worth $8,618,346 in the last 90 days. Company insiders own 0.36% of the company’s stock.
Shares of BB&T Corporation (NYSE:BBT) traded up $0.36 on Tuesday, hitting $46.49. The stock had a trading volume of 6,295,800 shares, compared to its average volume of 4,285,560. BB&T Corporation has a 1 year low of $41.17 and a 1 year high of $49.91. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $36,392.93, a P/E ratio of 15.22, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00.
BB&T Corporation (NYSE:BBT) last issued its earnings results on Thursday, October 19th. The insurance provider reported $0.78 EPS for the quarter, hitting analysts’ consensus estimates of $0.78. BB&T Corporation had a return on equity of 9.64% and a net margin of 19.42%. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the prior year, the business earned $0.76 earnings per share. The company’s revenue was up 1.4% compared to the same quarter last year. equities research analysts expect that BB&T Corporation will post 3.1 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be paid a $0.33 dividend. The ex-dividend date is Thursday, November 9th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.84%. BB&T Corporation’s payout ratio is 49.07%.
BB&T Corporation 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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