Ronald Blue & Co. LLC boosted its stake in BB&T Corporation (NYSE:BBT) by 11.6% during the second quarter, Holdings Channel reports. The firm owned 8,480 shares of the insurance provider’s stock after buying an additional 881 shares during the period. Ronald Blue & Co. LLC’s holdings in BB&T Corporation were worth $385,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in BB&T Corporation by 3.2% in the first quarter. Vanguard Group Inc. now owns 54,194,703 shares of the insurance provider’s stock valued at $2,422,504,000 after buying an additional 1,656,297 shares during the period. BlackRock Inc. boosted its position in BB&T Corporation by 2,875.1% in the first quarter. BlackRock Inc. now owns 47,331,820 shares of the insurance provider’s stock valued at $2,115,732,000 after buying an additional 45,740,906 shares during the period. First Eagle Investment Management LLC boosted its position in BB&T Corporation by 2.6% in the first quarter. First Eagle Investment Management LLC now owns 15,618,624 shares of the insurance provider’s stock valued at $698,152,000 after buying an additional 403,087 shares during the period. Bank of America Corp DE boosted its position in BB&T Corporation by 0.3% in the first quarter. Bank of America Corp DE now owns 12,766,336 shares of the insurance provider’s stock valued at $570,655,000 after buying an additional 43,867 shares during the period. Finally, American Century Companies Inc. boosted its position in BB&T Corporation by 6.0% in the first quarter. American Century Companies Inc. now owns 8,683,308 shares of the insurance provider’s stock valued at $388,144,000 after buying an additional 489,519 shares during the period. Institutional investors own 64.45% of the company’s stock.

Shares of BB&T Corporation (NYSE:BBT) opened at 46.31 on Friday. The stock has a market cap of $37.42 billion, a P/E ratio of 17.29 and a beta of 1.07. BB&T Corporation has a 52-week low of $36.80 and a 52-week high of $49.88. The company has a 50-day moving average of $46.10 and a 200 day moving average of $45.22.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.85%. This is a boost from BB&T Corporation’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, August 9th. BB&T Corporation’s dividend payout ratio (DPR) is presently 49.25%.

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

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Several analysts have recently weighed in on BBT shares. BidaskClub upgraded shares of BB&T Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Wells Fargo & Company started coverage on shares of BB&T Corporation in a research report on Wednesday. They set a “market perform” rating and a $44.00 price objective for the company. FBR & Co restated a “hold” rating on shares of BB&T Corporation in a research report on Friday, April 21st. Jefferies Group LLC restated a “hold” rating and set a $49.00 price objective on shares of BB&T Corporation in a research report on Friday, July 14th. Finally, Macquarie upgraded shares of BB&T Corporation from an “underperform” rating to a “neutral” rating and set a $47.00 price objective for the company in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. BB&T Corporation has a consensus rating of “Hold” and an average price target of $47.19.

In other BB&T Corporation news, EVP William Rufus Yates sold 28,515 shares of the firm’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $47.07, for a total value of $1,342,201.05. Following the sale, the executive vice president now directly owns 34,887 shares in the company, valued at $1,642,131.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Jerome Johnson, Jr. sold 18,343 shares of the firm’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $47.19, for a total value of $865,606.17. The disclosure for this sale can be found here. Company insiders own 0.36% of the company’s stock.

About BB&T Corporation

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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