Strategic Capital Advisers Inc. bought a new position in shares of BB&T Co. (NYSE:BBT) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 40,932 shares of the insurance provider’s stock, valued at approximately $2,035,000. BB&T makes up about 2.0% of Strategic Capital Advisers Inc.’s investment portfolio, making the stock its 18th biggest position.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Delpha Capital Management LLC acquired a new position in BB&T during the 4th quarter worth $106,000. Kistler Tiffany Companies LLC lifted its holdings in BB&T by 102.6% during the 4th quarter. Kistler Tiffany Companies LLC now owns 2,356 shares of the insurance provider’s stock worth $117,000 after buying an additional 1,193 shares during the last quarter. Shamrock Asset Management LLC purchased a new stake in BB&T during the 4th quarter worth about $123,000. Cerebellum GP LLC purchased a new stake in BB&T during the 4th quarter worth about $123,000. Finally, Front Row Advisors LLC purchased a new stake in BB&T during the 4th quarter worth about $142,000. 63.98% of the stock is owned by hedge funds and other institutional investors.
Shares of BB&T Co. (BBT) traded down $0.76 during mid-day trading on Wednesday, reaching $54.62. The company had a trading volume of 3,271,631 shares, compared to its average volume of 4,006,176. The firm has a market cap of $42,970.00, a PE ratio of 20.30, a PEG ratio of 1.28 and a beta of 1.02. BB&T Co. has a 1 year low of $41.17 and a 1 year high of $56.31. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.87 and a quick ratio of 0.86.
BB&T (NYSE:BBT) last issued its quarterly earnings results on Thursday, January 18th. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.04. The firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.86 billion. BB&T had a return on equity of 9.93% and a net margin of 19.25%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 EPS. equities research analysts predict that BB&T Co. will post 3.92 earnings per share for the current year.
The business also recently declared a None dividend, which will be paid on Tuesday, March 20th. Investors of record on Tuesday, March 6th will be given a $0.045 dividend. This represents a yield of 2.37%. The ex-dividend date is Monday, March 5th. BB&T’s dividend payout ratio (DPR) is presently 49.07%.
In related news, Chairman Kelly S. King sold 60,000 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $54.68, for a total value of $3,280,800.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Cynthia B. Powell sold 8,929 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $54.51, for a total value of $486,719.79. The disclosure for this sale can be found here. Insiders sold a total of 170,078 shares of company stock worth $9,316,414 in the last 90 days. 0.36% of the stock is currently owned by insiders.
A number of analysts have issued reports on the company. Citigroup raised BB&T from a “market perform” rating to an “outperform” rating and set a $58.00 price target for the company in a report on Tuesday, January 9th. Sandler O’Neill set a $55.00 price target on BB&T and gave the stock a “hold” rating in a report on Friday, January 19th. ValuEngine raised BB&T from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Morgan Stanley raised BB&T from an “underweight” rating to an “equal weight” rating and set a $50.00 price target for the company in a report on Monday, January 8th. Finally, UBS Group raised BB&T from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 9th. Fifteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. BB&T currently has an average rating of “Hold” and an average price target of $53.81.
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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