MCF Advisors LLC reduced its stake in BB&T Co. (NYSE:BBT) by 6.5% during the 4th quarter, Holdings Channel reports. The firm owned 68,185 shares of the insurance provider’s stock after selling 4,773 shares during the period. BB&T accounts for 0.6% of MCF Advisors LLC’s portfolio, making the stock its 21st biggest position. MCF Advisors LLC’s holdings in BB&T were worth $3,390,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in BBT. Archford Capital Strategies LLC boosted its stake in shares of BB&T by 199.9% in the second quarter. Archford Capital Strategies LLC now owns 2,249 shares of the insurance provider’s stock valued at $191,000 after buying an additional 1,499 shares in the last quarter. Kistler Tiffany Companies LLC boosted its stake in shares of BB&T by 102.6% in the fourth quarter. Kistler Tiffany Companies LLC now owns 2,356 shares of the insurance provider’s stock valued at $117,000 after buying an additional 1,193 shares in the last quarter. Cerebellum GP LLC purchased a new stake in shares of BB&T in the fourth quarter valued at approximately $123,000. Shamrock Asset Management LLC purchased a new stake in shares of BB&T in the fourth quarter valued at approximately $123,000. Finally, Front Row Advisors LLC purchased a new stake in shares of BB&T in the fourth quarter valued at approximately $142,000. Institutional investors own 66.01% of the company’s stock.

In other news, Director Nido R. Qubein sold 21,025 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $54.50, for a total value of $1,145,862.50. Following the completion of the transaction, the director now directly owns 59,513 shares of the company’s stock, valued at $3,243,458.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Kelly S. King sold 60,000 shares of the business’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $54.68, for a total value of $3,280,800.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 152,923 shares of company stock valued at $8,274,322. Insiders own 0.36% of the company’s stock.

A number of research firms recently weighed in on BBT. Zacks Investment Research downgraded BB&T from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. Oppenheimer restated a “hold” rating on shares of BB&T in a research note on Thursday, January 18th. UBS Group upgraded 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 BB&T from $48.50 to $49.00 and gave the company 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 equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. BB&T currently has a consensus rating of “Hold” and an average price target of $54.24.

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 firm has a market capitalization 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 debt-to-equity ratio of 0.89, a current ratio of 0.87 and a quick ratio of 0.86.

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

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

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BB&T 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.

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

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