Credit Suisse Group AG set a $42.00 price objective on BB&T Corp. (NYSE:BBT) in a research note issued to investors on Wednesday. The brokerage currently has a a buy rating on the stock.

A number of other equities analysts have also recently issued reports on the company. Vetr upgraded BB&T Corp. from a buy rating to a strong-buy rating and set a $39.62 price objective for the company in a report on Monday, June 27th. Deutsche Bank AG reiterated a buy rating and issued a $39.00 price objective on shares of BB&T Corp. in a report on Wednesday, June 15th. BMO Capital Markets reiterated an outperform rating and issued a $40.00 price objective on shares of BB&T Corp. in a report on Wednesday, July 6th. Rafferty Capital Markets upgraded BB&T Corp. from a hold rating to a buy rating and set a $45.00 price objective for the company in a report on Tuesday, June 7th. Finally, Citigroup Inc. reiterated a buy rating on shares of BB&T Corp. in a report on Tuesday, July 12th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $39.46.

Shares of BB&T Corp. (NYSE:BBT) opened at 37.84 on Wednesday. The firm has a market cap of $30.82 billion, a PE ratio of 14.60 and a beta of 0.99. BB&T Corp. has a 1-year low of $29.95 and a 1-year high of $39.47. The company’s 50-day moving average price is $37.67 and its 200 day moving average price is $35.57.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Friday, August 12th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.17%. This is an increase from BB&T Corp.’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, August 10th. BB&T Corp.’s dividend payout ratio (DPR) is currently 45.98%.

In other BB&T Corp. news, Chairman Kelly S. King sold 46,216 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of $36.76, for a total transaction of $1,698,900.16. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Barbara F. Duck sold 29,976 shares of the stock in a transaction on Monday, July 25th. The shares were sold at an average price of $36.79, for a total value of $1,102,817.04. The disclosure for this sale can be found here. Company insiders own 0.88% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Royal London Asset Management Ltd. boosted its position in BB&T Corp. by 2.3% in the fourth quarter. Royal London Asset Management Ltd. now owns 279,578 shares of the company’s stock valued at $10,673,000 after buying an additional 6,163 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in BB&T Corp. by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 19,962,853 shares of the company’s stock valued at $664,164,000 after buying an additional 56,878 shares during the last quarter. Vanguard Group Inc. boosted its position in BB&T Corp. by 7.0% in the second quarter. Vanguard Group Inc. now owns 49,616,129 shares of the company’s stock valued at $1,766,830,000 after buying an additional 3,244,045 shares during the last quarter. Tompkins Financial Corp boosted its position in BB&T Corp. by 10.3% in the first quarter. Tompkins Financial Corp now owns 48,808 shares of the company’s stock valued at $1,624,000 after buying an additional 4,559 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in BB&T Corp. by 3.6% in the first quarter. Wellington Management Group LLP now owns 2,327,987 shares of the company’s stock valued at $77,452,000 after buying an additional 81,250 shares during the last quarter. Institutional investors and hedge funds own 63.03% of the company’s stock.

BB&T Corp. Company Profile

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