Andra AP fonden decreased its holdings in shares of BB&T Corporation (NYSE:BBT) by 12.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,900 shares of the insurance provider’s stock after selling 14,000 shares during the quarter. Andra AP fonden’s holdings in BB&T Corporation were worth $4,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in BB&T Corporation by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 55,519,721 shares of the insurance provider’s stock valued at $2,521,151,000 after acquiring an additional 1,325,018 shares during the period. BlackRock Inc. increased its holdings in shares of BB&T Corporation by 0.8% in the second quarter. BlackRock Inc. now owns 47,713,735 shares of the insurance provider’s stock worth $2,166,682,000 after purchasing an additional 381,915 shares during the period. Macquarie Group Ltd. increased its holdings in shares of BB&T Corporation by 1.7% in the second quarter. Macquarie Group Ltd. now owns 17,133,475 shares of the insurance provider’s stock worth $778,031,000 after purchasing an additional 291,257 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of BB&T Corporation by 3.5% in the second quarter. First Eagle Investment Management LLC now owns 16,158,157 shares of the insurance provider’s stock worth $733,742,000 after purchasing an additional 539,533 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of BB&T Corporation by 0.3% in the first quarter. Bank of America Corp DE now owns 12,766,336 shares of the insurance provider’s stock worth $570,655,000 after purchasing an additional 43,867 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Donta L. Wilson sold 4,250 shares of BB&T Corporation stock in a transaction on Friday, October 20th. The shares were sold at an average price of $47.51, for a total transaction of $201,917.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider David Hudson Weaver sold 8,752 shares of BB&T Corporation stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $46.91, for a total transaction of $410,556.32. The disclosure for this sale can be found here. Insiders have sold a total of 180,103 shares of company stock worth $8,618,346 in the last quarter. Corporate insiders own 0.36% of the company’s stock.

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Shares of BB&T Corporation (NYSE:BBT) opened at $49.48 on Tuesday. BB&T Corporation has a fifty-two week low of $38.70 and a fifty-two week high of $49.91. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.85. The stock has a market cap of $39,040.00, a P/E ratio of 16.35, a P/E/G ratio of 2.28 and a beta of 1.01.

BB&T Corporation (NYSE:BBT) last issued its earnings results on Thursday, October 19th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.78. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.85 billion. BB&T Corporation had a net margin of 19.42% and a return on equity of 9.64%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.76 earnings per share. analysts expect that BB&T Corporation will post 3.1 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Thursday, November 9th. BB&T Corporation’s dividend payout ratio is presently 49.07%.

BBT has been the topic of several research analyst reports. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $50.00 price target on shares of BB&T Corporation in a report on Thursday, October 12th. BidaskClub raised BB&T Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada reissued a “buy” rating and issued a $50.00 target price on shares of BB&T Corporation in a research note on Friday, October 20th. BMO Capital Markets reissued a “hold” rating and issued a $49.00 target price on shares of BB&T Corporation in a research note on Friday, July 21st. Finally, Hilliard Lyons lowered shares of BB&T Corporation from a “buy” rating to a “hold” rating and set a $51.00 price target for the company. in a research report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $49.17.

BB&T Corporation 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.

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

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