Flippin Bruce & Porter Inc. cut its holdings in shares of BB&T Corporation (NYSE:BBT) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 184,979 shares of the insurance provider’s stock after selling 2,860 shares during the period. BB&T Corporation comprises approximately 1.9% of Flippin Bruce & Porter Inc.’s portfolio, making the stock its 19th largest position. Flippin Bruce & Porter Inc.’s holdings in BB&T Corporation were worth $8,683,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of BBT. BlackRock Inc. lifted its position in shares of BB&T Corporation by 2,875.1% in the 1st quarter. BlackRock Inc. now owns 47,331,820 shares of the insurance provider’s stock worth $2,115,732,000 after purchasing an additional 45,740,906 shares during the period. Janus Henderson Group PLC lifted its position in shares of BB&T Corporation by 3,687.8% in the 2nd quarter. Janus Henderson Group PLC now owns 4,085,012 shares of the insurance provider’s stock worth $185,500,000 after purchasing an additional 3,977,166 shares during the period. Vanguard Group Inc. lifted its position in shares of BB&T Corporation by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 55,519,721 shares of the insurance provider’s stock worth $2,521,151,000 after purchasing an additional 1,325,018 shares during the period. Janus Capital Management LLC lifted its position in shares of BB&T Corporation by 46.8% in the 1st quarter. Janus Capital Management LLC now owns 3,333,817 shares of the insurance provider’s stock worth $149,021,000 after purchasing an additional 1,062,590 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of BB&T Corporation by 12.6% in the 3rd quarter. American Century Companies Inc. now owns 8,117,000 shares of the insurance provider’s stock worth $381,012,000 after purchasing an additional 910,225 shares during the period. Institutional investors and hedge funds own 65.64% of the company’s stock.

A number of research analysts have recently issued reports 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 issued a $49.00 price target 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 target on the stock. in a research report on Friday, July 21st. Wells Fargo & Company assumed coverage on shares of BB&T Corporation in a research report on Wednesday, August 9th. They issued a “market perform” rating and a $44.00 price target on the stock. Finally, FBR & Co set a $48.00 price target on shares of BB&T Corporation and gave the stock a “hold” rating in a research report on Friday, October 20th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the stock. BB&T Corporation has a consensus rating of “Hold” and an average price target of $49.17.

In other news, insider Christopher L. Henson sold 42,233 shares of the company’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $47.56, for a total value of $2,008,601.48. Following the completion of the sale, the insider now owns 207,620 shares in the company, valued at approximately $9,874,407.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Donna C. Goodrich sold 26,869 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $49.13, for a total transaction of $1,320,073.97. Following the completion of the sale, the insider now owns 78,589 shares of the company’s stock, valued at approximately $3,861,077.57. The disclosure for this sale can be found here. In the last quarter, insiders sold 180,103 shares of company stock valued at $8,618,346. Company insiders own 0.36% of the company’s stock.

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BB&T Corporation (NYSE:BBT) traded up $0.36 during midday trading on Tuesday, hitting $46.49. 6,295,800 shares of the stock traded hands, compared to its average volume of 4,285,560. BB&T Corporation has a 12-month low of $41.17 and a 12-month high of $49.91. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.85 and a current ratio of 0.86. The company has a market cap of $36,392.93, a price-to-earnings 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 posted its earnings results on Thursday, October 19th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.78. BB&T Corporation had a net margin of 19.42% and a return on equity of 9.64%. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the prior year, the business posted $0.76 EPS. The business’s revenue was up 1.4% compared to the same quarter last year. equities analysts forecast that BB&T Corporation will post 3.1 EPS for the current fiscal year.

The company 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 of this dividend is Thursday, November 9th. This represents a $1.32 annualized dividend and a dividend yield of 2.84%. BB&T Corporation’s payout ratio is 49.07%.

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.

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

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