ING Groep NV Takes $1.97 Million Position in BB&T Corporation (BBT)
ING Groep NV bought a new stake in shares of BB&T Corporation (NYSE:BBT) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 42,063 shares of the insurance provider’s stock, valued at approximately $1,974,000.
Several other large investors have also recently bought and sold shares of BBT. Signature Estate & Investment Advisors LLC acquired a new stake in BB&T Corporation in the 2nd quarter valued at $111,000. Community Bank N.A. grew its stake in BB&T Corporation by 6.2% in the 2nd quarter. Community Bank N.A. now owns 2,474 shares of the insurance provider’s stock valued at $112,000 after acquiring an additional 144 shares during the period. Liberty Capital Management Inc. acquired a new stake in BB&T Corporation in the 2nd quarter valued at $136,000. Oakworth Capital Inc. grew its stake in BB&T Corporation by 51.1% in the 2nd quarter. Oakworth Capital Inc. now owns 3,092 shares of the insurance provider’s stock valued at $140,000 after acquiring an additional 1,045 shares during the period. Finally, Highstreet Asset Management Inc. grew its stake in BB&T Corporation by 105.3% in the 3rd quarter. Highstreet Asset Management Inc. now owns 3,053 shares of the insurance provider’s stock valued at $143,000 after acquiring an additional 1,566 shares during the period. 65.39% of the stock is owned by hedge funds and other institutional investors.
Shares of BB&T Corporation (NYSE:BBT) opened at $46.34 on Friday. The stock has a market cap of $36,676.94, a PE ratio of 15.34, a P/E/G ratio of 2.14 and a beta of 1.00. BB&T Corporation has a fifty-two week low of $41.17 and a fifty-two week high of $49.91. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.85.
BB&T Corporation (NYSE:BBT) last issued its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. BB&T Corporation had a net margin of 19.42% and a return on equity of 9.64%. BB&T Corporation’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. equities analysts predict that BB&T Corporation will post 3.1 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $1.32 annualized dividend and a yield of 2.85%. BB&T Corporation’s dividend payout ratio (DPR) is currently 49.07%.
A number of equities research analysts recently issued reports on the stock. BidaskClub raised shares of BB&T Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. FBR & Co set a $48.00 target price on shares of BB&T Corporation and gave the stock a “hold” rating in a research note on Friday, October 20th. Wells Fargo & Company started coverage on shares of BB&T Corporation in a research note on Wednesday, August 9th. They set a “market perform” rating and a $44.00 target price on the stock. Stephens raised shares of BB&T Corporation from an “equal weight” rating to an “overweight” rating and set a $53.00 target price on the stock in a research note on Thursday, October 5th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $48.00 target price on shares of BB&T Corporation in a research note on Sunday, October 22nd. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $49.17.
In other BB&T Corporation news, insider Donna C. Goodrich sold 26,869 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $49.13, for a total transaction of $1,320,073.97. Following the sale, the insider now directly owns 78,589 shares in the company, valued at $3,861,077.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher L. Henson sold 42,233 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $47.56, for a total transaction of $2,008,601.48. Following the sale, the insider now owns 207,620 shares in the company, valued at $9,874,407.20. The disclosure for this sale can be found here. Insiders have sold 171,351 shares of company stock worth $8,207,790 over the last quarter. Insiders own 0.36% of the company’s stock.
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BB&T Corporation 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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