SRS Capital Advisors Inc. increased its holdings in BB&T Co. (NYSE:BBT) by 4,311.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,000 shares of the insurance provider’s stock after purchasing an additional 2,932 shares during the quarter. SRS Capital Advisors Inc.’s holdings in BB&T were worth $146,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Bank of America Corp DE increased its position in shares of BB&T by 18.0% in the second quarter. Bank of America Corp DE now owns 28,174,029 shares of the insurance provider’s stock valued at $1,421,098,000 after acquiring an additional 4,304,522 shares during the period. Bank of New York Mellon Corp increased its position in shares of BB&T by 5.5% in the second quarter. Bank of New York Mellon Corp now owns 10,461,296 shares of the insurance provider’s stock valued at $527,666,000 after acquiring an additional 547,692 shares during the period. American Century Companies Inc. increased its position in shares of BB&T by 10.5% in the third quarter. American Century Companies Inc. now owns 9,054,595 shares of the insurance provider’s stock valued at $439,510,000 after acquiring an additional 861,733 shares during the period. Burgundy Asset Management Ltd. increased its position in shares of BB&T by 1.4% in the second quarter. Burgundy Asset Management Ltd. now owns 8,401,213 shares of the insurance provider’s stock valued at $423,757,000 after acquiring an additional 114,817 shares during the period. Finally, Charles Schwab Investment Advisory Inc. purchased a new position in shares of BB&T in the second quarter valued at about $346,422,000. Institutional investors own 64.96% of the company’s stock.

In related news, Director I. Patricia Henry sold 611 shares of the business’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $49.50, for a total transaction of $30,244.50. Following the transaction, the director now owns 4,375 shares in the company, valued at $216,562.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Nido R. Qubein sold 2,825 shares of the business’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $50.19, for a total transaction of $141,786.75. The disclosure for this sale can be found here. 0.51% of the stock is owned by insiders.

Shares of NYSE BBT opened at $50.76 on Friday. BB&T Co. has a 1 year low of $45.73 and a 1 year high of $56.31. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. The stock has a market cap of $38.65 billion, a P/E ratio of 16.17, a P/E/G ratio of 1.25 and a beta of 0.94.

BB&T (NYSE:BBT) last announced its quarterly earnings results on Thursday, October 18th. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.01. BB&T had a net margin of 23.52% and a return on equity of 11.66%. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter in the previous year, the company earned $0.74 earnings per share. BB&T’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, equities analysts predict that BB&T Co. will post 3.82 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Friday, November 9th will be given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Thursday, November 8th. BB&T’s dividend payout ratio is currently 51.59%.

A number of research firms have issued reports on BBT. ValuEngine upgraded shares of BB&T from a “sell” rating to a “hold” rating in a research report on Saturday. B. Riley decreased their price objective on shares of BB&T from $59.00 to $56.00 and set a “buy” rating on the stock in a research report on Friday, July 20th. BMO Capital Markets decreased their price objective on shares of BB&T from $59.00 to $58.00 and set an “outperform” rating on the stock in a research report on Friday, July 20th. Piper Jaffray Companies restated a “hold” rating and issued a $52.00 price objective on shares of BB&T in a research report on Friday, July 20th. Finally, FIG Partners cut shares of BB&T from an “outperform” rating to a “market perform” rating in a research report on Friday, July 20th. Nine research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $55.50.

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BB&T Company Profile

BB&T Corporation operates as a financial holding company that provides various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals. The company operates through four segments: CB-Retail, CB-Commercial, IH&PF, and FS&CF. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.

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

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