Strategic Financial Services Inc trimmed its stake in shares of BB&T Co. (NYSE:BBT) by 1.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,990 shares of the insurance provider’s stock after selling 1,950 shares during the quarter. Strategic Financial Services Inc’s holdings in BB&T were worth $5,025,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc grew its stake in BB&T by 1.6% during the 3rd quarter. Vanguard Group Inc now owns 59,282,776 shares of the insurance provider’s stock worth $2,877,586,000 after purchasing an additional 939,154 shares in the last quarter. BlackRock Inc. grew its stake in BB&T by 8.3% during the 4th quarter. BlackRock Inc. now owns 53,579,497 shares of the insurance provider’s stock worth $2,321,062,000 after purchasing an additional 4,086,502 shares in the last quarter. Macquarie Group Ltd. grew its stake in BB&T by 1.1% during the 4th quarter. Macquarie Group Ltd. now owns 14,568,592 shares of the insurance provider’s stock worth $631,112,000 after purchasing an additional 162,458 shares in the last quarter. Northern Trust Corp grew its stake in BB&T by 1.7% during the 4th quarter. Northern Trust Corp now owns 11,129,669 shares of the insurance provider’s stock worth $482,138,000 after purchasing an additional 181,065 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in BB&T by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 9,220,118 shares of the insurance provider’s stock worth $398,655,000 after purchasing an additional 590,366 shares in the last quarter. 65.16% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE BBT opened at $49.24 on Tuesday. The stock has a market cap of $37.81 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 1.22 and a beta of 1.13. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.89. BB&T Co. has a 1 year low of $40.68 and a 1 year high of $56.03.

BB&T (NYSE:BBT) last posted its earnings results on Thursday, April 18th. The insurance provider reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.02. BB&T had a return on equity of 12.16% and a net margin of 23.68%. The business had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the business earned $0.94 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities research analysts expect that BB&T Co. will post 4.29 EPS for the current fiscal year.

In other news, Director Patrick C. Graney III bought 3,890 shares of BB&T stock in a transaction dated Thursday, February 28th. The stock was acquired at an average cost of $51.04 per share, with a total value of $198,545.60. Following the acquisition, the director now owns 11,456 shares of the company’s stock, valued at $584,714.24. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director I. Patricia Henry sold 2,289 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $51.51, for a total value of $117,906.39. Following the completion of the sale, the director now directly owns 4,543 shares of the company’s stock, valued at $234,009.93. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

A number of analysts have issued reports on the company. Morgan Stanley decreased their price target on BB&T from $56.00 to $53.00 and set an “equal weight” rating for the company in a report on Monday. Raymond James downgraded BB&T from an “outperform” rating to a “market perform” rating and set a $48.49 price target for the company. in a report on Thursday, April 4th. Deutsche Bank downgraded BB&T from a “buy” rating to a “hold” rating and set a $45.39 price target for the company. in a report on Tuesday, March 26th. ValuEngine downgraded BB&T from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Finally, Odeon Capital Group assumed coverage on BB&T in a report on Friday, March 8th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $53.28.

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About BB&T

BB&T Corporation, a holding company, provides banking and trust services for small and mid-size businesses, public agencies, local governments, corporations, and individuals in the Southeastern and Mid-Atlantic United States. The company operates through four segments: Community Banking Retail and Consumer Finance, Community Banking Commercial, Insurance Holdings, and Financial Services and Commercial Finance.

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

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