Crawford Investment Counsel Inc. reduced its position in BB&T Corporation (NYSE:BBT) by 8.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 11,514 shares of the company’s stock after selling 1,049 shares during the period. Crawford Investment Counsel Inc.’s holdings in BB&T Corporation were worth $434,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of BBT. State Street Corp boosted its position in shares of BB&T Corporation by 3.9% in the second quarter. State Street Corp now owns 35,285,952 shares of the company’s stock worth $1,256,536,000 after buying an additional 1,337,976 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of BB&T Corporation by 1.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 21,065,275 shares of the company’s stock worth $794,582,000 after buying an additional 260,954 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of BB&T Corporation by 6.9% in the second quarter. Macquarie Group Ltd. now owns 20,026,105 shares of the company’s stock worth $713,129,000 after buying an additional 1,289,115 shares in the last quarter. Longview Partners Guernsey LTD boosted its position in shares of BB&T Corporation by 1.1% in the third quarter. Longview Partners Guernsey LTD now owns 16,914,498 shares of the company’s stock worth $638,015,000 after buying an additional 188,000 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its position in shares of BB&T Corporation by 3.7% in the third quarter. BlackRock Fund Advisors now owns 12,889,697 shares of the company’s stock worth $486,199,000 after buying an additional 454,232 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Institutional Ownership by Quarter for BB&T Corporation (NYSE:BBT)

Shares of BB&T Corporation (NYSE:BBT) traded up 0.39% during midday trading on Friday, reaching $46.52. The company had a trading volume of 4,145,491 shares. The stock has a market capitalization of $37.75 billion, a PE ratio of 17.29 and a beta of 1.08. The company’s 50-day moving average is $46.53 and its 200-day moving average is $40.21. BB&T Corporation has a 1-year low of $29.95 and a 1-year high of $47.85.

BB&T Corporation (NYSE:BBT) last released its earnings results on Wednesday, October 19th. The company reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.05. BB&T Corporation had a return on equity of 9.45% and a net margin of 20.54%. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, equities research analysts forecast that BB&T Corporation will post $2.78 EPS for the current year.

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Several brokerages have weighed in on BBT. FIG Partners restated an “outperform” rating and set a $53.00 price objective (up from $47.00) on shares of BB&T Corporation in a research note on Friday, December 23rd. Zacks Investment Research upgraded BB&T Corporation from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Thursday, December 29th. Piper Jaffray Companies upgraded BB&T Corporation from an “underweight” rating to a “neutral” rating in a research note on Monday. Barclays PLC raised their price objective on BB&T Corporation from $40.00 to $51.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 3rd. Finally, RBC Capital Markets restated a “buy” rating and set a $50.00 price objective on shares of BB&T Corporation in a research note on Wednesday, January 4th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the stock. BB&T Corporation presently has an average rating of “Hold” and a consensus price target of $42.57.

In other BB&T Corporation news, Director Jennifer S. Banner sold 10,082 shares of the business’s stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $38.55, for a total value of $388,661.10. Following the sale, the director now directly owns 35,313 shares of the company’s stock, valued at $1,361,316.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen T. Williams sold 1,128,253 shares of the business’s stock in a transaction on Friday, December 23rd. The stock was sold at an average price of $47.29, for a total value of $53,355,084.37. The disclosure for this sale can be found here. 0.88% of the stock is owned by company insiders.

BB&T Corporation Company Profile

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