Brown Advisory Inc. boosted its stake in BB&T Corp. (NYSE:BBT) by 4.8% during the second quarter, Holdings Channel reports. The institutional investor owned 88,741 shares of the company’s stock after buying an additional 4,076 shares during the period. Brown Advisory Inc.’s holdings in BB&T Corp. were worth $3,160,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BBT. Stifel Financial Corp boosted its position in BB&T Corp. by 349.6% in the fourth quarter. Stifel Financial Corp now owns 306,968 shares of the company’s stock valued at $12,979,000 after buying an additional 238,698 shares in the last quarter. Culbertson A N & Co. Inc. purchased a new position in BB&T Corp. during the first quarter valued at about $1,383,000. Perkins Coie Trust Co boosted its position in BB&T Corp. by 0.7% in the first quarter. Perkins Coie Trust Co now owns 28,556 shares of the company’s stock valued at $950,000 after buying an additional 197 shares in the last quarter. Iberiabank Corp boosted its position in BB&T Corp. by 13.7% in the first quarter. Iberiabank Corp now owns 94,314 shares of the company’s stock valued at $3,138,000 after buying an additional 11,350 shares in the last quarter. Finally, Bridge Creek Capital Management LLC boosted its position in BB&T Corp. by 11.2% in the first quarter. Bridge Creek Capital Management LLC now owns 82,903 shares of the company’s stock valued at $2,820,000 after buying an additional 8,330 shares in the last quarter. 63.03% of the stock is owned by hedge funds and other institutional investors.

BB&T Corp. (NYSE:BBT) traded up 0.79% during trading on Wednesday, hitting $38.25. 752,242 shares of the company traded hands. The firm has a market cap of $31.15 billion, a P/E ratio of 14.76 and a beta of 0.99. BB&T Corp. has a one year low of $29.95 and a one year high of $39.47. The firm has a 50 day moving average of $37.81 and a 200 day moving average of $35.73.

BB&T Corp. (NYSE:BBT) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.05. BB&T Corp. had a net margin of 20.11% and a return on equity of 9.12%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the previous year, the business earned $0.69 earnings per share. The firm’s revenue was up 17.7% compared to the same quarter last year. On average, analysts expect that BB&T Corp. will post $2.76 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Friday, August 12th were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, August 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.16%. This is a positive change from BB&T Corp.’s previous quarterly dividend of $0.28. BB&T Corp.’s payout ratio is currently 45.98%.

BBT has been the subject of several analyst reports. Deutsche Bank AG reissued a “buy” rating and set a $39.00 price target on shares of BB&T Corp. in a report on Saturday, June 4th. Rafferty Capital Markets raised shares of BB&T Corp. from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Tuesday, June 7th. Vetr raised shares of BB&T Corp. from a “buy” rating to a “strong-buy” rating and set a $39.62 price target for the company in a report on Monday, June 27th. Zacks Investment Research cut shares of BB&T Corp. from a “hold” rating to a “sell” rating in a report on Monday, June 27th. Finally, Sandler O’Neill cut shares of BB&T Corp. from a “buy” rating to a “hold” rating and set a $37.00 target price for the company. in a report on Wednesday, June 29th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $39.46.

In other news, insider W Bennett Bradley sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $38.11, for a total transaction of $190,550.00. Following the sale, the insider now owns 16,644 shares in the company, valued at $634,302.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Kelly S. King sold 46,216 shares of the business’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $36.76, for a total transaction of $1,698,900.16. The disclosure for this sale can be found here. Insiders own 0.88% of the company’s stock.

About BB&T Corp.

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