Monetary Management Group Inc. decreased its position in shares of BB&T Corporation (NYSE:BBT) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,975 shares of the insurance provider’s stock after selling 250 shares during the period. Monetary Management Group Inc.’s holdings in BB&T Corporation were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Glassman Wealth Services boosted its position in shares of BB&T Corporation by 0.4% during the 2nd quarter. Glassman Wealth Services now owns 4,757 shares of the insurance provider’s stock worth $216,000 after acquiring an additional 18 shares in the last quarter. Guardian Life Insurance Co. of America boosted its position in shares of BB&T Corporation by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 3,130 shares of the insurance provider’s stock worth $140,000 after acquiring an additional 21 shares in the last quarter. WMS Partners LLC boosted its position in shares of BB&T Corporation by 0.8% during the 2nd quarter. WMS Partners LLC now owns 4,527 shares of the insurance provider’s stock worth $206,000 after acquiring an additional 36 shares in the last quarter. Canal Capital Management LLC boosted its position in shares of BB&T Corporation by 0.6% during the 2nd quarter. Canal Capital Management LLC now owns 7,832 shares of the insurance provider’s stock worth $356,000 after acquiring an additional 48 shares in the last quarter. Finally, Sii Investments Inc. WI boosted its position in shares of BB&T Corporation by 0.9% during the 2nd quarter. Sii Investments Inc. WI now owns 6,636 shares of the insurance provider’s stock worth $301,000 after acquiring an additional 58 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

BB&T Corporation (NYSE:BBT) traded up 2.61% during trading on Thursday, hitting $47.58. 2,303,739 shares of the stock traded hands. BB&T Corporation has a 12 month low of $37.40 and a 12 month high of $49.88. The company has a 50-day moving average price of $45.58 and a 200-day moving average price of $44.74. The stock has a market cap of $38.45 billion, a PE ratio of 17.76 and a beta of 1.07.

BB&T Corporation (NYSE:BBT) last announced its quarterly earnings data on Thursday, July 20th. The insurance provider reported $0.77 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.77. The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.89 billion. BB&T Corporation had a net margin of 19.57% and a return on equity of 9.62%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 EPS. Equities research analysts expect that BB&T Corporation will post $2.81 EPS for the current year.

BB&T Corporation announced that its Board of Directors has authorized a share buyback program on Wednesday, June 28th that allows the company to repurchase $1.88 billion in shares. This repurchase authorization allows the insurance provider to purchase up to 5.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Several research firms recently issued reports on BBT. Stephens upgraded shares of BB&T Corporation from an “equal weight” rating to an “overweight” rating and set a $53.00 price target on the stock in a research report on Thursday. Jefferies Group LLC reiterated a “hold” rating and set a $49.00 price target on shares of BB&T Corporation in a research report on Friday, September 15th. Robert W. Baird reiterated a “hold” rating and set a $45.00 price target on shares of BB&T Corporation in a research report on Friday, August 25th. BidaskClub lowered shares of BB&T Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Finally, Wells Fargo & Company began coverage on shares of BB&T Corporation in a research report on Wednesday, August 9th. They set a “market perform” rating and a $44.00 price target on the stock. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $47.80.

In other news, insider David Hudson Weaver sold 8,752 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $46.91, for a total value of $410,556.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William Rufus Yates sold 28,515 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $47.07, for a total transaction of $1,342,201.05. Following the completion of the sale, the executive vice president now owns 34,887 shares of the company’s stock, valued at $1,642,131.09. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,610 shares of company stock valued at $2,618,364. Company insiders own 0.36% of the company’s stock.

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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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