Westwood Holdings Group Inc. decreased its stake in shares of BB&T Co. (NYSE:BBT) by 23.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 665,885 shares of the insurance provider’s stock after selling 206,469 shares during the quarter. Westwood Holdings Group Inc. owned about 0.09% of BB&T worth $32,716,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of BB&T by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 61,197,584 shares of the insurance provider’s stock valued at $3,006,637,000 after acquiring an additional 1,125,819 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of BB&T by 10.7% in the 1st quarter. BlackRock Inc. now owns 59,338,587 shares of the insurance provider’s stock valued at $2,761,026,000 after acquiring an additional 5,759,090 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of BB&T by 6.8% in the 2nd quarter. Bank of America Corp DE now owns 18,849,552 shares of the insurance provider’s stock valued at $926,077,000 after acquiring an additional 1,203,362 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of BB&T by 0.5% in the 2nd quarter. Northern Trust Corp now owns 11,353,698 shares of the insurance provider’s stock valued at $557,808,000 after acquiring an additional 60,096 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of BB&T by 0.6% in the 1st quarter. American Century Companies Inc. now owns 9,180,892 shares of the insurance provider’s stock valued at $427,187,000 after acquiring an additional 55,869 shares during the last quarter. Institutional investors and hedge funds own 70.16% of the company’s stock.

NYSE BBT traded down $0.14 during mid-day trading on Friday, reaching $52.65. 143,520 shares of the stock were exchanged, compared to its average volume of 4,028,604. The business’s 50 day moving average is $48.31 and its 200-day moving average is $48.97. BB&T Co. has a 1 year low of $40.68 and a 1 year high of $53.69. The company has a market capitalization of $40.42 billion, a P/E ratio of 12.98, a P/E/G ratio of 1.38 and a beta of 1.15. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.87 and a current ratio of 0.88.

BB&T (NYSE:BBT) last announced its quarterly earnings results on Thursday, July 18th. The insurance provider reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.04. BB&T had a net margin of 23.58% and a return on equity of 12.23%. The firm had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the prior year, the firm posted $1.01 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities analysts predict that BB&T Co. will post 4.25 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 14th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date was Tuesday, August 13th. BB&T’s dividend payout ratio (DPR) is presently 44.44%.

BBT has been the topic of several recent research reports. Morgan Stanley set a $51.00 price objective on shares of BB&T and gave the company a “hold” rating in a report on Friday, August 9th. Wells Fargo & Co set a $55.00 price objective on shares of BB&T and gave the company a “buy” rating in a report on Friday, August 16th. Deutsche Bank set a $59.00 price objective on shares of BB&T and gave the company a “buy” rating in a report on Friday, July 26th. UBS Group dropped their price objective on shares of BB&T from $55.00 to $53.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of BB&T from $51.50 to $50.50 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $53.95.

In other BB&T news, insider David Hudson Weaver sold 21,705 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $51.44, for a total transaction of $1,116,505.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director K. David Jr. Boyer sold 4,285 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $52.64, for a total transaction of $225,562.40. The disclosure for this sale can be found here. Insiders have sold 30,490 shares of company stock worth $1,454,568 over the last three months. 0.49% of the stock is currently owned by insiders.

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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