First Allied Advisory Services Inc. raised its stake in BB&T Co. (NYSE:BBT) by 28.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,919 shares of the insurance provider’s stock after purchasing an additional 3,312 shares during the quarter. First Allied Advisory Services Inc.’s holdings in BB&T were worth $697,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of BB&T by 2.4% during the second quarter. Vanguard Group Inc. now owns 55,519,721 shares of the insurance provider’s stock valued at $2,521,151,000 after acquiring an additional 1,325,018 shares during the last quarter. BlackRock Inc. increased its position in shares of BB&T by 0.8% during the second quarter. BlackRock Inc. now owns 47,713,735 shares of the insurance provider’s stock valued at $2,166,682,000 after acquiring an additional 381,915 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of BB&T by 1.7% during the second quarter. Macquarie Group Ltd. now owns 17,133,475 shares of the insurance provider’s stock valued at $778,031,000 after acquiring an additional 291,257 shares during the last quarter. First Eagle Investment Management LLC increased its position in shares of BB&T by 3.3% during the third quarter. First Eagle Investment Management LLC now owns 16,699,414 shares of the insurance provider’s stock valued at $783,870,000 after acquiring an additional 541,257 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of BB&T by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 8,829,063 shares of the insurance provider’s stock valued at $414,436,000 after acquiring an additional 86,200 shares during the last quarter. 65.39% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Jennifer S. Banner sold 11,508 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $48.60, for a total value of $559,288.80. Following the completion of the transaction, the director now directly owns 20,300 shares of the company’s stock, valued at $986,580. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Kelly S. King sold 66,372 shares of the firm’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $47.53, for a total value of $3,154,661.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 182,150 shares of company stock valued at $8,712,859. 0.36% of the stock is owned by corporate insiders.

BB&T Co. (BBT) opened at $50.28 on Wednesday. BB&T Co. has a twelve month low of $41.17 and a twelve month high of $51.11. The firm has a market capitalization of $39,248.82, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 2.29 and a beta of 0.99. 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 (NYSE:BBT) last announced its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. BB&T had a return on equity of 9.64% and a net margin of 19.42%. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same period in the prior year, the company earned $0.76 earnings per share. BB&T’s revenue was up 1.4% compared to the same quarter last year. equities research analysts predict that BB&T Co. will post 3.1 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 10th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Thursday, November 9th. BB&T’s dividend payout ratio (DPR) is 49.07%.

A number of analysts recently commented on the company. FBR & Co set a $48.00 price target on BB&T and gave the company a “hold” rating in a research report on Friday, October 20th. Stephens raised BB&T from an “equal weight” rating to an “overweight” rating and set a $53.00 price target for the company in a research report on Thursday, October 5th. BidaskClub downgraded BB&T from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $48.00 price target on shares of BB&T in a research report on Sunday, October 22nd. Finally, J P Morgan Chase & Co increased their price target on BB&T from $48.50 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $49.24.

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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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