Bartlett & Co. LLC trimmed its holdings in shares of BB&T Co. (NYSE:BBT) by 5.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,075 shares of the insurance provider’s stock after selling 700 shares during the quarter. Bartlett & Co. LLC’s holdings in BB&T were worth $515,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Abacus Planning Group Inc. raised its position in shares of BB&T by 3.8% during the 4th quarter. Abacus Planning Group Inc. now owns 5,614 shares of the insurance provider’s stock valued at $243,000 after buying an additional 208 shares in the last quarter. Wellington Shields Capital Management LLC grew its holdings in BB&T by 3.3% during the 4th quarter. Wellington Shields Capital Management LLC now owns 6,970 shares of the insurance provider’s stock valued at $302,000 after purchasing an additional 220 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in BB&T by 1.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,505 shares of the insurance provider’s stock valued at $585,000 after purchasing an additional 231 shares during the last quarter. IHT Wealth Management LLC grew its holdings in BB&T by 3.2% during the 4th quarter. IHT Wealth Management LLC now owns 7,501 shares of the insurance provider’s stock valued at $325,000 after purchasing an additional 234 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in BB&T by 2.0% during the 4th quarter. Van ECK Associates Corp now owns 12,400 shares of the insurance provider’s stock valued at $537,000 after purchasing an additional 238 shares during the last quarter. Hedge funds and other institutional investors own 65.16% of the company’s stock.

Shares of BBT stock opened at $49.54 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $37.44 billion, a price-to-earnings ratio of 12.23, a P/E/G ratio of 1.22 and a beta of 1.13. BB&T Co. has a one year low of $40.68 and a one year high of $56.03.

BB&T (NYSE:BBT) last issued its earnings results on Thursday, April 18th. The insurance provider reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.02. The business had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.94 billion. BB&T had a net margin of 23.68% and a return on equity of 12.16%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 EPS. On average, equities analysts forecast that BB&T Co. will post 4.29 EPS for the current fiscal year.

BBT has been the topic of several analyst reports. Bank of America downgraded shares of BB&T from a “buy” rating to an “underperform” rating and set a $48.00 price target on the stock. in a report on Thursday, January 10th. They noted that the move was a valuation call. Odeon Capital Group initiated coverage on shares of BB&T in a report on Friday, March 8th. They set a “buy” rating on the stock. Stephens downgraded shares of BB&T from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 6th. Deutsche Bank downgraded shares of BB&T from a “buy” rating to a “hold” rating and set a $49.08 price target on the stock. in a report on Friday, January 25th. Finally, Raymond James downgraded shares of BB&T from an “outperform” rating to a “market perform” rating and set a $48.49 price target on the stock. in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $53.49.

In other BB&T news, Director K. David Jr. Boyer sold 2,289 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $51.57, for a total value of $118,043.73. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Patrick C. Graney III bought 3,890 shares of the company’s stock in a transaction on Thursday, February 28th. The stock was bought at an average price of $51.04 per share, for a total transaction of $198,545.60. Following the completion of the purchase, the director now directly owns 11,456 shares in the company, valued at $584,714.24. The disclosure for this purchase can be found here. 0.49% of the stock is owned by corporate insiders.

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BB&T Company Profile

BB&T Corporation, a holding company, provides banking and trust services for small and mid-size businesses, public agencies, local governments, corporations, and individuals in the Southeastern and Mid-Atlantic United States. The company operates through four segments: Community Banking Retail and Consumer Finance, Community Banking Commercial, Insurance Holdings, and Financial Services and Commercial Finance.

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

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