Leavell Investment Management Inc. purchased a new position in shares of BB&T Co. (NYSE:BBT) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 6,103 shares of the insurance provider’s stock, valued at approximately $303,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BBT. Sii Investments Inc. WI grew its position in shares of BB&T by 0.9% during the 2nd quarter. Sii Investments Inc. WI now owns 6,636 shares of the insurance provider’s stock valued at $301,000 after acquiring an additional 58 shares during the period. Schafer Cullen Capital Management Inc. grew its position in shares of BB&T by 0.5% during the 2nd quarter. Schafer Cullen Capital Management Inc. now owns 14,105 shares of the insurance provider’s stock valued at $641,000 after acquiring an additional 75 shares during the period. Sandy Spring Bank grew its position in shares of BB&T by 0.8% during the 2nd quarter. Sandy Spring Bank now owns 11,100 shares of the insurance provider’s stock valued at $504,000 after acquiring an additional 85 shares during the period. Chemical Bank grew its position in shares of BB&T by 2.2% during the 2nd quarter. Chemical Bank now owns 4,728 shares of the insurance provider’s stock valued at $215,000 after acquiring an additional 103 shares during the period. Finally, Dana Investment Advisors Inc. grew its position in shares of BB&T by 2.6% during the 2nd quarter. Dana Investment Advisors Inc. now owns 5,629 shares of the insurance provider’s stock valued at $256,000 after acquiring an additional 142 shares during the period. 65.28% of the stock is currently owned by institutional investors.

BB&T Co. (BBT) opened at $53.14 on Friday. The firm has a market cap of $41,939.04, a PE ratio of 17.55, a P/E/G ratio of 1.62 and a beta of 0.99. BB&T Co. has a 12 month low of $41.17 and a 12 month high of $53.91. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.78.

BB&T (NYSE:BBT) last released its earnings results on Thursday, October 19th. The insurance provider reported $0.78 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.78. BB&T had a net margin of 19.42% and a return on equity of 9.64%. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same period last year, the company posted $0.76 EPS. The business’s revenue was up 1.4% on a year-over-year basis. equities analysts anticipate that BB&T Co. will post 3.1 earnings per share for the current fiscal year.

In other BB&T news, insider Donna C. Goodrich sold 26,869 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $49.13, for a total value of $1,320,073.97. Following the transaction, the insider now directly owns 78,589 shares of the company’s stock, valued at approximately $3,861,077.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Donta L. Wilson sold 4,250 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $47.51, for a total transaction of $201,917.50. The disclosure for this sale can be found here. Insiders sold a total of 182,150 shares of company stock worth $8,712,859 over the last three months. Corporate insiders own 0.36% of the company’s stock.

BBT has been the topic of a number of analyst reports. Zacks Investment Research cut BB&T from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Morgan Stanley raised their target price on BB&T from $47.00 to $50.00 and gave the company an “underweight” rating in a research report on Friday, October 20th. BMO Capital Markets raised their target price on BB&T from $48.00 to $49.00 and gave the company a “market perform” rating in a research report on Friday, October 20th. Jefferies Group restated a “hold” rating and set a $49.00 target price on shares of BB&T in a research report on Friday, September 15th. Finally, Barclays raised their target price on BB&T from $51.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Fourteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. BB&T has a consensus rating of “Hold” and a consensus price target of $52.00.

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About BB&T

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 (NYSE:BBT)

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