Daiwa Securities Group Inc. increased its stake in shares of BB&T Corporation (NYSE:BBT) by 2.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 23,150 shares of the insurance provider’s stock after buying an additional 650 shares during the period. Daiwa Securities Group Inc.’s holdings in BB&T Corporation were worth $1,051,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Jolley Asset Management LLC boosted its stake in BB&T Corporation by 1.0% in the first quarter. Jolley Asset Management LLC now owns 2,500 shares of the insurance provider’s stock valued at $112,000 after buying an additional 25 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in BB&T Corporation by 2.6% in the first quarter. Quadrant Capital Group LLC now owns 3,152 shares of the insurance provider’s stock valued at $135,000 after buying an additional 79 shares during the last quarter. Liberty Capital Management Inc. bought a new stake in BB&T Corporation during the second quarter valued at $136,000. Guardian Life Insurance Co. of America boosted its stake in BB&T Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 3,130 shares of the insurance provider’s stock valued at $140,000 after buying an additional 21 shares during the last quarter. Finally, Pathstone Family Office LLC bought a new stake in BB&T Corporation during the first quarter valued at $150,000. Hedge funds and other institutional investors own 64.45% of the company’s stock.

BB&T Corporation (BBT) opened at 46.31 on Friday. BB&T Corporation has a 1-year low of $36.80 and a 1-year high of $49.88. The company has a market cap of $37.42 billion, a price-to-earnings ratio of 17.29 and a beta of 1.07. The company’s 50-day moving average is $46.10 and its 200 day moving average is $45.22.

BB&T Corporation (NYSE:BBT) last released its earnings results on Thursday, July 20th. The insurance provider reported $0.77 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.77. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.89 billion. BB&T Corporation had a net margin of 19.57% and a return on equity of 9.62%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 EPS. On average, equities analysts predict that BB&T Corporation will post $2.82 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders 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 yield of 2.85%. The ex-dividend date of this dividend is Wednesday, August 9th. This is an increase from BB&T Corporation’s previous quarterly dividend of $0.30. BB&T Corporation’s dividend payout ratio is currently 49.25%.

BB&T Corporation announced that its board has authorized a share repurchase plan on Wednesday, June 28th that permits the company to buyback $1.88 billion in shares. This buyback authorization permits the insurance provider to reacquire up to 5.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

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Several brokerages have recently issued reports on BBT. BidaskClub raised shares of BB&T Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday. Hilliard Lyons raised shares of BB&T Corporation from a “neutral” rating to a “buy” rating and reduced their target price for the company from $51.00 to $49.00 in a research note on Monday, April 24th. BMO Capital Markets reaffirmed a “hold” rating and issued a $49.00 target price on shares of BB&T Corporation in a research note on Friday, July 21st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $49.00 target price on shares of BB&T Corporation in a research note on Friday, July 14th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of BB&T Corporation in a research note on Thursday, April 20th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $47.19.

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

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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