Signaturefd LLC Has $562,000 Holdings in BB&T Co. (BBT)
Signaturefd LLC raised its holdings in shares of BB&T Co. (NYSE:BBT) by 15.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,303 shares of the insurance provider’s stock after acquiring an additional 1,538 shares during the period. Signaturefd LLC’s holdings in BB&T were worth $562,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Heartland Advisors Inc. boosted its holdings in shares of BB&T by 0.5% during the fourth quarter. Heartland Advisors Inc. now owns 206,738 shares of the insurance provider’s stock worth $10,279,000 after purchasing an additional 952 shares during the period. Bessemer Group Inc. boosted its holdings in shares of BB&T by 14.3% during the fourth quarter. Bessemer Group Inc. now owns 7,712 shares of the insurance provider’s stock worth $383,000 after purchasing an additional 962 shares during the period. Mcmillion Capital Management Inc. boosted its holdings in shares of BB&T by 1.3% during the fourth quarter. Mcmillion Capital Management Inc. now owns 80,869 shares of the insurance provider’s stock worth $4,021,000 after purchasing an additional 1,015 shares during the period. Bank of Hawaii boosted its holdings in shares of BB&T by 7.5% during the fourth quarter. Bank of Hawaii now owns 15,044 shares of the insurance provider’s stock worth $748,000 after purchasing an additional 1,044 shares during the period. Finally, Strategic Financial Services Inc boosted its holdings in shares of BB&T by 1.0% during the third quarter. Strategic Financial Services Inc now owns 113,445 shares of the insurance provider’s stock worth $5,325,000 after purchasing an additional 1,085 shares during the period. Institutional investors and hedge funds own 63.08% of the company’s stock.
In other BB&T news, Director Nido R. Qubein sold 21,025 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $54.50, for a total transaction of $1,145,862.50. Following the completion of the transaction, the director now owns 59,513 shares of the company’s stock, valued at $3,243,458.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Kelly S. King sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $54.68, for a total transaction of $3,280,800.00. The disclosure for this sale can be found here. Insiders have sold 167,253 shares of company stock valued at $9,160,474 in the last ninety days. Insiders own 0.36% of the company’s stock.
BB&T Co. (NYSE BBT) opened at $54.29 on Monday. BB&T Co. has a one year low of $41.17 and a one year high of $56.19. The firm has a market cap of $42,253.45, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 1.25 and a beta of 1.03. 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 earnings results on Thursday, January 18th. The insurance provider reported $0.84 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter last year, the firm earned $0.72 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. equities research analysts expect that BB&T Co. will post 3.93 EPS for the current fiscal year.
The firm also recently announced a None dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Tuesday, March 6th will be paid a dividend of $0.045 per share. This represents a dividend yield of 2.37%. The ex-dividend date is Monday, March 5th. BB&T’s dividend payout ratio 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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