Amalgamated Bank decreased its holdings in shares of BB&T Co. (NYSE:BBT) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 97,974 shares of the insurance provider’s stock after selling 2,401 shares during the period. Amalgamated Bank’s holdings in BB&T were worth $4,756,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Advisory Inc. acquired a new stake in BB&T in the second quarter valued at about $346,422,000. Bank of America Corp DE lifted its position in 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 purchasing an additional 4,304,522 shares during the period. Epoch Investment Partners Inc. acquired a new stake in BB&T in the second quarter valued at about $100,873,000. American Century Companies Inc. lifted its position in 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 purchasing an additional 861,733 shares during the period. Finally, Todd Asset Management LLC acquired a new stake in BB&T in the third quarter valued at about $28,864,000. Institutional investors and hedge funds own 64.07% of the company’s stock.

Shares of BB&T stock opened at $47.66 on Monday. BB&T Co. has a 12-month low of $45.93 and a 12-month high of $56.31. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87. The stock has a market capitalization of $36.73 billion, a price-to-earnings ratio of 15.18, a P/E/G ratio of 1.12 and a beta of 0.95.

BB&T (NYSE:BBT) last issued its earnings results on Thursday, October 18th. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $2.93 billion. During the same period last year, the company posted $0.74 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, sell-side analysts predict that BB&T Co. will post 4.05 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Friday, November 9th were issued a $0.405 dividend. The ex-dividend date was Thursday, November 8th. This represents a $1.62 dividend on an annualized basis and a yield of 3.40%. BB&T’s dividend payout ratio (DPR) is presently 51.59%.

In other news, Director Nido R. Qubein sold 2,825 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $50.19, for a total transaction of $141,786.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patrick C. Graney III acquired 4,200 shares of the company’s stock in a transaction dated Thursday, December 6th. The shares were acquired at an average cost of $47.56 per share, with a total value of $199,752.00. Following the completion of the purchase, the director now owns 4,200 shares in the company, valued at $199,752. The disclosure for this purchase can be found here. Company insiders own 0.51% of the company’s stock.

BBT has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of BB&T from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Wednesday, October 10th. ValuEngine upgraded shares of BB&T from a “sell” rating to a “hold” rating in a research report on Saturday, November 10th. BMO Capital Markets reduced their price objective on shares of BB&T from $58.00 to $57.00 and set an “outperform” rating for the company in a research report on Friday, October 19th. Finally, B. Riley set a $56.00 price objective on shares of BB&T and gave the company a “buy” rating in a research report on Monday, October 15th. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. BB&T currently has a consensus rating of “Buy” and a consensus target price of $55.44.

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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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