Triangle Securities Wealth Management raised its position in shares of BB&T Co. (NYSE:BBT) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,214 shares of the insurance provider’s stock after purchasing an additional 1,350 shares during the quarter. BB&T accounts for 1.2% of Triangle Securities Wealth Management’s investment portfolio, making the stock its 27th biggest holding. Triangle Securities Wealth Management’s holdings in BB&T were worth $2,099,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Schroder Investment Management Group increased its position in BB&T by 781.2% during the second quarter. Schroder Investment Management Group now owns 572,784 shares of the insurance provider’s stock worth $26,125,000 after buying an additional 507,784 shares during the last quarter. Franklin Resources Inc. increased its position in BB&T by 2.4% during the second quarter. Franklin Resources Inc. now owns 2,347,643 shares of the insurance provider’s stock worth $106,606,000 after buying an additional 55,023 shares during the last quarter. Alliancebernstein L.P. increased its position in BB&T by 2.2% during the second quarter. Alliancebernstein L.P. now owns 1,390,603 shares of the insurance provider’s stock worth $63,147,000 after buying an additional 30,469 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in BB&T by 29.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 32,750 shares of the insurance provider’s stock worth $1,487,000 after buying an additional 7,442 shares during the last quarter. Finally, Coastline Trust Co boosted its holdings in BB&T by 11.6% during the second quarter. Coastline Trust Co now owns 44,855 shares of the insurance provider’s stock valued at $2,037,000 after acquiring an additional 4,660 shares during the period. 65.28% of the stock is currently owned by institutional investors.

A number of equities research analysts have issued reports on the stock. Raymond James Financial upgraded shares of BB&T from a “market perform” rating to an “outperform” rating in a report on Tuesday. Citigroup upgraded shares of BB&T from a “market perform” rating to an “outperform” rating and set a $58.00 price target for the company in a report on Tuesday. UBS Group upgraded shares of BB&T from a “market perform” rating to an “outperform” rating in a report on Tuesday. Piper Jaffray Companies reiterated a “hold” rating and issued a $53.00 target price on shares of BB&T in a research note on Tuesday. Finally, Vining Sparks reiterated a “buy” rating and issued a $59.00 target price on shares of BB&T in a research note on Monday. Fourteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $51.84.

In other BB&T news, Chairman Kelly S. King sold 66,372 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $47.53, for a total value of $3,154,661.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher L. Henson sold 42,233 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $47.56, for a total transaction of $2,008,601.48. Following the completion of the transaction, the insider now directly owns 207,620 shares in the company, valued at $9,874,407.20. The disclosure for this sale can be found here. In the last three months, insiders sold 182,150 shares of company stock valued at $8,712,859. 0.36% of the stock is currently owned by company insiders.

BB&T Co. (BBT) traded up $0.62 during midday trading on Wednesday, hitting $52.71. 4,032,194 shares of the stock traded hands, compared to its average volume of 3,532,457. The firm has a market capitalization of $41,580.00, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 2.09 and a beta of 1.00. 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 12 month low of $41.17 and a 12 month high of $53.35.

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

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BB&T 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.

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

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