Investment Management of Virginia LLC trimmed its holdings in shares of BB&T Co. (NYSE:BBT) by 2.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 75,661 shares of the insurance provider’s stock after selling 1,923 shares during the quarter. Investment Management of Virginia LLC’s holdings in BB&T were worth $3,762,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. First Eagle Investment Management LLC raised its stake in shares of BB&T by 3.3% during the third quarter. First Eagle Investment Management LLC now owns 16,699,414 shares of the insurance provider’s stock valued at $783,870,000 after purchasing an additional 541,257 shares during the period. Bank of New York Mellon Corp raised its stake in shares of BB&T by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 8,829,063 shares of the insurance provider’s stock valued at $414,436,000 after purchasing an additional 86,200 shares during the period. Burgundy Asset Management Ltd. raised its stake in shares of BB&T by 0.3% during the third quarter. Burgundy Asset Management Ltd. now owns 8,382,444 shares of the insurance provider’s stock valued at $393,472,000 after purchasing an additional 27,138 shares during the period. American Century Companies Inc. raised its stake in shares of BB&T by 2.5% during the fourth quarter. American Century Companies Inc. now owns 8,318,669 shares of the insurance provider’s stock valued at $413,604,000 after purchasing an additional 201,669 shares during the period. Finally, Boston Partners raised its stake in shares of BB&T by 0.9% during the fourth quarter. Boston Partners now owns 5,957,183 shares of the insurance provider’s stock valued at $296,191,000 after purchasing an additional 55,665 shares during the period. 66.01% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of BB&T from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. Oppenheimer reiterated a “hold” rating on shares of BB&T in a research note on Thursday, January 18th. UBS Group upgraded shares of BB&T from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 9th. JPMorgan Chase & Co. lifted their price target on shares of BB&T from $48.50 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. Finally, SunTrust Banks restated a “buy” rating and issued a $52.00 price target on shares of BB&T in a research note on Friday, October 20th. Sixteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $54.24.

In related news, Chairman Kelly S. King sold 60,000 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $54.68, for a total value of $3,280,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Louis B. Lynn sold 3,646 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $54.63, for a total transaction of $199,180.98. The disclosure for this sale can be found here. Insiders sold 152,923 shares of company stock valued at $8,274,322 in the last ninety days. Corporate insiders own 0.36% of the company’s stock.

BB&T Co. (NYSE:BBT) opened at $53.82 on Thursday. BB&T Co. has a 1-year low of $41.17 and a 1-year high of $55.99. The stock has a market cap of $42,001.54, a price-to-earnings ratio of 19.64, a PEG ratio of 1.38 and a beta of 1.06. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.89.

BB&T (NYSE:BBT) last announced its quarterly earnings results on Thursday, January 18th. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. BB&T had a net margin of 19.25% and a return on equity of 9.93%. The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. sell-side analysts expect that BB&T Co. will post 3.89 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, February 9th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.45%. The ex-dividend date is Thursday, February 8th. BB&T’s payout ratio is currently 48.18%.

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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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