Arbor Investment Advisors LLC lifted its holdings in shares of BB&T Co. (NYSE:BBT) by 2.6% in the 1st quarter, HoldingsChannel reports. The firm owned 79,688 shares of the insurance provider’s stock after acquiring an additional 2,011 shares during the period. BB&T comprises 1.2% of Arbor Investment Advisors LLC’s investment portfolio, making the stock its 14th largest holding. Arbor Investment Advisors LLC’s holdings in BB&T were worth $3,708,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of BBT. Norges Bank purchased a new position in shares of BB&T during the fourth quarter worth about $302,329,000. BlackRock Inc. lifted its position in BB&T by 8.3% in the 4th quarter. BlackRock Inc. now owns 53,579,497 shares of the insurance provider’s stock worth $2,321,062,000 after buying an additional 4,086,502 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in BB&T by 4,179.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,647,587 shares of the insurance provider’s stock worth $84,000 after buying an additional 3,562,345 shares during the last quarter. Bahl & Gaynor Inc. lifted its position in BB&T by 46.0% in the 4th quarter. Bahl & Gaynor Inc. now owns 5,561,520 shares of the insurance provider’s stock worth $240,925,000 after buying an additional 1,753,162 shares during the last quarter. Finally, Vanguard Group Inc lifted its position in BB&T by 1.6% in the 3rd quarter. Vanguard Group Inc now owns 59,282,776 shares of the insurance provider’s stock worth $2,877,586,000 after buying an additional 939,154 shares during the last quarter. 65.12% of the stock is owned by institutional investors.

In other news, Director K. David Jr. Boyer sold 2,289 shares of the company’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $51.57, for a total transaction of $118,043.73. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Patrick C. Graney III purchased 3,890 shares of the stock in a transaction dated Thursday, February 28th. The shares were acquired at an average cost of $51.04 per share, for a total transaction of $198,545.60. Following the completion of the acquisition, the director now owns 11,456 shares of the company’s stock, valued at $584,714.24. The disclosure for this purchase can be found here. Corporate insiders own 0.49% of the company’s stock.

Shares of NYSE:BBT traded down $0.67 during midday trading on Monday, reaching $48.59. 3,793,008 shares of the company’s stock traded hands, compared to its average volume of 6,071,638. The company has a market cap of $37.49 billion, a P/E ratio of 12.00, a PEG ratio of 1.19 and a beta of 1.13. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.89 and a quick ratio of 0.88. BB&T Co. has a one year low of $40.68 and a one year high of $56.03.

BB&T (NYSE:BBT) last announced its quarterly earnings results on Thursday, January 17th. The insurance provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. The firm had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.98 billion. BB&T had a return on equity of 12.13% and a net margin of 24.15%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the company posted $0.83 earnings per share. On average, sell-side analysts anticipate that BB&T Co. will post 4.29 earnings per share for the current year.

A number of analysts recently weighed in on BBT shares. Barclays boosted their target price on BB&T from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 2nd. Deutsche Bank cut BB&T from a “buy” rating to a “hold” rating and set a $49.08 target price on the stock. in a research note on Friday, January 25th. Zacks Investment Research cut BB&T from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Bank of America cut BB&T from a “buy” rating to an “underperform” rating and set a $48.00 target price on the stock. in a research note on Thursday, January 10th. They noted that the move was a valuation call. Finally, ValuEngine cut BB&T from a “hold” rating to a “sell” rating in a research note on Tuesday, December 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $53.86.

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About BB&T

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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