Investors Sell Shares of BB&T (BBT) on Strength (BBT)

Investors sold shares of BB&T Co. (NYSE:BBT) on strength during trading on Thursday. $30.54 million flowed into the stock on the tick-up and $92.25 million flowed out of the stock on the tick-down, for a money net flow of $61.71 million out of the stock. Of all equities tracked, BB&T had the 0th highest net out-flow for the day. BB&T traded up $0.39 for the day and closed at $50.13

Several brokerages recently weighed in on BBT. Zacks Investment Research upgraded shares of BB&T from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Tuesday, October 23rd. Stephens reiterated a “buy” rating and issued a $59.00 price target on shares of BB&T in a report on Friday, July 20th. ValuEngine upgraded shares of BB&T from a “sell” rating to a “hold” rating in a report on Saturday. BMO Capital Markets cut their price target on shares of BB&T from $59.00 to $58.00 and set an “outperform” rating on the stock in a report on Friday, July 20th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $52.00 price target on shares of BB&T in a report on Friday, July 20th. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $55.50.

The company has a market cap of $38.65 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 1.25 and a beta of 0.94. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86.

BB&T (NYSE:BBT) last released its quarterly earnings results on Thursday, October 18th. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. BB&T had a net margin of 23.52% and a return on equity of 11.66%. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter last year, the company earned $0.74 EPS. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, research analysts anticipate that BB&T Co. will post 3.82 earnings per share for the current 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 paid a $0.405 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.62 dividend on an annualized basis and a yield of 3.19%. BB&T’s dividend payout ratio is currently 51.59%.

In other BB&T news, Director Nido R. Qubein sold 2,825 shares of the firm’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $50.19, for a total value of $141,786.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director I. Patricia Henry sold 611 shares of the firm’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $49.50, for a total value of $30,244.50. Following the completion of the transaction, the director now owns 4,375 shares in the company, valued at approximately $216,562.50. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in BBT. Charles Schwab Investment Advisory Inc. purchased a new position in BB&T in the 2nd quarter valued at $346,422,000. Bank of America Corp DE lifted its holdings in BB&T by 18.0% in the 2nd 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 in the last quarter. Epoch Investment Partners Inc. purchased a new position in BB&T in the 2nd quarter valued at $100,873,000. American Century Companies Inc. lifted its holdings in BB&T by 10.5% in the 3rd 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 in the last quarter. Finally, Todd Asset Management LLC purchased a new position in BB&T in the 3rd quarter valued at $28,864,000. Institutional investors own 64.96% of the company’s stock.

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About BB&T (NYSE:BBT)

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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