Jefferies Financial Group upgraded shares of BB&T (NYSE:BBT) from a hold rating to a buy rating in a research note published on Tuesday, BenzingaRatingsTable reports. Jefferies Financial Group currently has $58.00 price target on the insurance provider’s stock, up from their prior price target of $52.00. Jefferies Financial Group also issued estimates for BB&T’s Q4 2019 earnings at $1.11 EPS, Q1 2020 earnings at $1.08 EPS, Q2 2020 earnings at $1.09 EPS, Q3 2020 earnings at $1.11 EPS, Q4 2020 earnings at $1.22 EPS, FY2020 earnings at $4.50 EPS and FY2021 earnings at $4.90 EPS.

BBT has been the subject of several other reports. Morgan Stanley set a $51.00 target price on shares of BB&T and gave the company a hold rating in a research note on Friday, August 9th. ValuEngine downgraded shares of BB&T from a hold rating to a sell rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their target price on shares of BB&T from $51.50 to $50.50 and set a neutral rating for the company in a research note on Tuesday, July 9th. Wells Fargo & Co set a $55.00 target price on shares of BB&T and gave the company a buy rating in a research note on Friday, August 16th. Finally, Deutsche Bank set a $59.00 target price on shares of BB&T and gave the company a buy rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $54.27.

Shares of BBT stock opened at $51.33 on Tuesday. The firm has a market cap of $39.06 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 1.34 and a beta of 1.17. The company’s 50 day moving average is $50.27 and its 200 day moving average is $49.22. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.79. BB&T has a 52-week low of $40.68 and a 52-week high of $53.90.

BB&T (NYSE:BBT) last issued its quarterly earnings data on Thursday, July 18th. The insurance provider reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.04. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.01 billion. BB&T had a net margin of 23.58% and a return on equity of 12.23%. BB&T’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $1.01 earnings per share. Analysts anticipate that BB&T will post 4.24 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Wednesday, August 14th were issued a $0.45 dividend. This is a boost from BB&T’s previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a yield of 3.51%. BB&T’s payout ratio is presently 44.44%.

In other news, insider David Hudson Weaver sold 21,705 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $51.44, for a total transaction of $1,116,505.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Global Food Holdings Lp 3G sold 25,068,657 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $28.44, for a total transaction of $712,952,605.08. Insiders sold 25,099,147 shares of company stock valued at $714,407,173 in the last ninety days. 0.49% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cypress Capital Group boosted its holdings in BB&T by 2.1% in the 3rd quarter. Cypress Capital Group now owns 13,695 shares of the insurance provider’s stock valued at $731,000 after purchasing an additional 285 shares during the last quarter. Accurate Investment Solutions Inc. boosted its holdings in BB&T by 1.6% in the 3rd quarter. Accurate Investment Solutions Inc. now owns 73,345 shares of the insurance provider’s stock valued at $3,914,000 after purchasing an additional 1,144 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in BB&T by 10.8% in the 3rd quarter. Pacer Advisors Inc. now owns 80,718 shares of the insurance provider’s stock valued at $4,308,000 after purchasing an additional 7,851 shares during the last quarter. Gradient Investments LLC boosted its holdings in BB&T by 6.9% in the 3rd quarter. Gradient Investments LLC now owns 3,106 shares of the insurance provider’s stock valued at $166,000 after purchasing an additional 200 shares during the last quarter. Finally, Bogart Wealth LLC boosted its holdings in BB&T by 6.3% in the 3rd quarter. Bogart Wealth LLC now owns 12,560 shares of the insurance provider’s stock valued at $670,000 after purchasing an additional 740 shares during the last quarter. Hedge funds and other institutional investors own 70.16% of the company’s stock.

About BB&T

BB&T Corporation, a holding company, provides banking and trust services for small and mid-size businesses, public agencies, local governments, corporations, and individuals in the Southeastern and Mid-Atlantic United States. The company operates through four segments: Community Banking Retail and Consumer Finance, Community Banking Commercial, Insurance Holdings, and Financial Services and Commercial Finance.

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Analyst Recommendations for BB&T (NYSE:BBT)

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