BB&T Co. (BBT) Holdings Cut by Virtu Financial LLC
Virtu Financial LLC reduced its position in shares of BB&T Co. (NYSE:BBT) by 21.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,508 shares of the insurance provider’s stock after selling 1,225 shares during the quarter. Virtu Financial LLC’s holdings in BB&T were worth $212,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in BBT. Janus Henderson Group PLC raised its stake in BB&T by 3,687.8% during the 2nd quarter. Janus Henderson Group PLC now owns 4,085,012 shares of the insurance provider’s stock valued at $185,500,000 after purchasing an additional 3,977,166 shares during the period. Vanguard Group Inc. increased its stake in shares of BB&T by 2.4% in the second quarter. Vanguard Group Inc. now owns 55,519,721 shares of the insurance provider’s stock worth $2,521,151,000 after acquiring an additional 1,325,018 shares during the last quarter. American Century Companies Inc. increased its stake in shares of BB&T by 12.6% in the third quarter. American Century Companies Inc. now owns 8,117,000 shares of the insurance provider’s stock worth $381,012,000 after acquiring an additional 910,225 shares during the last quarter. Koch Industries Inc. acquired a new position in shares of BB&T in the second quarter worth $680,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in shares of BB&T in the third quarter worth $27,849,000. 65.39% of the stock is currently owned by institutional investors.
Shares of BB&T Co. (NYSE:BBT) opened at $49.42 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.78. BB&T Co. has a fifty-two week low of $41.17 and a fifty-two week high of $51.11. The stock has a market cap of $39,674.84, a PE ratio of 16.60, a price-to-earnings-growth ratio of 2.31 and a beta of 0.99.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 10th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Thursday, November 9th. BB&T’s dividend payout ratio (DPR) is 49.07%.
In other BB&T news, insider Donna C. Goodrich sold 10,799 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $46.77, for a total transaction of $505,069.23. Following the completion of the sale, the insider now directly owns 47,182 shares in the company, valued at $2,206,702.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP W Bennett Bradley sold 7,762 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $48.16, for a total transaction of $373,817.92. Following the sale, the executive vice president now owns 24,341 shares of the company’s stock, valued at $1,172,262.56. The disclosure for this sale can be found here. Insiders have sold 182,150 shares of company stock valued at $8,712,859 over the last 90 days. Corporate insiders own 0.36% of the company’s stock.
BBT has been the topic of a number of research reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $50.00 price target on shares of BB&T in a research note on Friday, October 20th. SunTrust Banks reaffirmed a “buy” rating and issued a $52.00 price target on shares of BB&T in a research note on Friday, October 20th. FBR & Co set a $48.00 price target on shares of BB&T and gave the stock a “hold” rating in a research note on Friday, October 20th. Oppenheimer reaffirmed a “hold” rating on shares of BB&T in a research note on Friday, October 20th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $49.00 price target on shares of BB&T in a research note on Friday, September 15th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. BB&T presently has a consensus rating of “Hold” and an average price target of $49.24.
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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.
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