Minerva Advisors LLC maintained its position in BB&T Corporation (NYSE:BBT) during the second quarter, Holdings Channel reports. The institutional investor owned 16,170 shares of the insurance provider’s stock at the end of the second quarter. Minerva Advisors LLC’s holdings in BB&T Corporation were worth $734,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BBT. Vanguard Group Inc. raised its stake in shares of BB&T Corporation by 3.2% in the first quarter. Vanguard Group Inc. now owns 54,194,703 shares of the insurance provider’s stock worth $2,422,504,000 after buying an additional 1,656,297 shares during the last quarter. BlackRock Inc. raised its stake in shares of BB&T Corporation by 2,875.1% in the first quarter. BlackRock Inc. now owns 47,331,820 shares of the insurance provider’s stock worth $2,115,732,000 after buying an additional 45,740,906 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of BB&T Corporation by 2.6% in the first quarter. First Eagle Investment Management LLC now owns 15,618,624 shares of the insurance provider’s stock worth $698,152,000 after buying an additional 403,087 shares during the last quarter. Bank of America Corp DE raised its stake in shares of BB&T Corporation by 0.3% in the first quarter. Bank of America Corp DE now owns 12,766,336 shares of the insurance provider’s stock worth $570,655,000 after buying an additional 43,867 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of BB&T Corporation by 6.0% in the first quarter. American Century Companies Inc. now owns 8,683,308 shares of the insurance provider’s stock worth $388,144,000 after buying an additional 489,519 shares during the last quarter. 64.46% of the stock is currently owned by institutional investors.

Shares of BB&T Corporation (BBT) opened at 46.99 on Wednesday. The company has a market cap of $37.97 billion, a PE ratio of 17.54 and a beta of 1.07. BB&T Corporation has a one year low of $36.75 and a one year high of $49.88. The company’s 50-day moving average price is $46.31 and its 200 day moving average price is $45.20.

BB&T Corporation (NYSE:BBT) last released its earnings results on Thursday, July 20th. The insurance provider reported $0.77 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.77. BB&T Corporation had a net margin of 19.57% and a return on equity of 9.62%. The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the previous year, the company earned $0.71 EPS. BB&T Corporation’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities analysts forecast that BB&T Corporation will post $2.84 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Wednesday, August 9th. This is an increase from BB&T Corporation’s previous quarterly dividend of $0.30. BB&T Corporation’s payout ratio is presently 49.25%.

BB&T Corporation announced that its Board of Directors has approved a stock buyback plan on Wednesday, June 28th that permits the company to repurchase $1.88 billion in shares. This repurchase authorization permits the insurance provider to buy up to 5.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

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A number of analysts have recently issued reports on BBT shares. BidaskClub raised BB&T Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Wells Fargo & Company initiated coverage on BB&T Corporation in a research note on Wednesday, August 9th. They issued a “market perform” rating and a $44.00 price target for the company. FBR & Co reiterated a “hold” rating on shares of BB&T Corporation in a research note on Friday, April 21st. Jefferies Group LLC reiterated a “hold” rating and issued a $49.00 price target on shares of BB&T Corporation in a research note on Friday, July 14th. Finally, Macquarie upgraded BB&T Corporation from an “underperform” rating to a “neutral” rating and set a $47.00 price target for the company in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the stock. BB&T Corporation presently has an average rating of “Hold” and an average target price of $47.19.

In other BB&T Corporation news, EVP William Rufus Yates sold 28,515 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $47.07, for a total transaction of $1,342,201.05. Following the transaction, the executive vice president now owns 34,887 shares in the company, valued at $1,642,131.09. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert Jerome Johnson, Jr. sold 18,343 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $47.19, for a total transaction of $865,606.17. The disclosure for this sale can be found here. 0.36% of the stock is owned by insiders.

BB&T Corporation Company 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 Corporation (NYSE:BBT)

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