PHH Investments Ltd. decreased its stake in shares of BB&T Corporation (NYSE:BBT) by 8.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 21,955 shares of the insurance provider’s stock after selling 1,995 shares during the period. PHH Investments Ltd.’s holdings in BB&T were worth $1,031,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Archford Capital Strategies LLC lifted its holdings in BB&T by 199.9% during the 2nd quarter. Archford Capital Strategies LLC now owns 2,249 shares of the insurance provider’s stock worth $191,000 after purchasing an additional 1,499 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in shares of BB&T in the 2nd quarter valued at about $111,000. Community Bank N.A. raised its holdings in shares of BB&T 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 in the last quarter. Highstreet Asset Management Inc. raised its holdings in shares of BB&T 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 in the last quarter. Finally, Oakworth Capital Inc. raised its holdings in shares of BB&T 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 in the last quarter. 65.39% of the stock is currently owned by institutional investors and hedge funds.

BB&T Corporation (NYSE BBT) opened at $49.81 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $39,296.16, a PE ratio of 16.44, a PEG ratio of 2.29 and a beta of 0.99. BB&T Corporation has a 1 year low of $41.17 and a 1 year high of $51.11.

BB&T (NYSE:BBT) last announced its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.78 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 had a return on equity of 9.64% and a net margin of 19.42%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.76 EPS. sell-side analysts anticipate that BB&T Corporation will post 3.1 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were given a dividend of $0.33 per share. The ex-dividend date was Thursday, November 9th. This represents a $1.32 annualized dividend and a dividend yield of 2.65%. BB&T’s dividend payout ratio (DPR) is presently 49.07%.

BBT has been the topic of several recent analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $50.00 price target on shares of BB&T in a report on Friday, October 20th. SunTrust Banks reaffirmed a “buy” rating and issued a $52.00 price target on shares of BB&T in a report on Friday, October 20th. FBR & Co set a $48.00 price target on BB&T and gave the company a “hold” rating in a report on Friday, October 20th. Oppenheimer reaffirmed a “hold” rating on shares of BB&T in a report on Friday, October 20th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $49.00 price target on shares of BB&T in a report on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. BB&T has a consensus rating of “Hold” and a consensus target price of $49.24.

In other news, Chairman Kelly S. King sold 66,372 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $47.53, for a total transaction of $3,154,661.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Christopher L. Henson sold 42,233 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $47.56, for a total value of $2,008,601.48. Following the transaction, 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 a total of 182,150 shares of company stock worth $8,712,859 over the last quarter. Corporate insiders own 0.36% of the company’s stock.

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BB&T 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.

Institutional Ownership by Quarter for BB&T (NYSE:BBT)

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