Tokio Marine Asset Management Co. Ltd. lowered its holdings in shares of BB&T Corporation (NYSE:BBT) by 18.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,679 shares of the insurance provider’s stock after selling 1,776 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in BB&T Corporation were worth $360,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legal & General Group Plc boosted its stake in BB&T Corporation by 3.4% during the first quarter. Legal & General Group Plc now owns 3,892,901 shares of the insurance provider’s stock worth $174,020,000 after buying an additional 126,549 shares in the last quarter. Bank of America Corp DE boosted its stake in BB&T Corporation by 0.3% during the first quarter. Bank of America Corp DE now owns 12,766,336 shares of the insurance provider’s stock worth $570,655,000 after buying an additional 43,867 shares in the last quarter. Shelter Mutual Insurance Co boosted its stake in BB&T Corporation by 145.5% during the second quarter. Shelter Mutual Insurance Co now owns 84,200 shares of the insurance provider’s stock worth $3,823,000 after buying an additional 49,900 shares in the last quarter. Probity Advisors Inc. boosted its stake in BB&T Corporation by 16.3% during the first quarter. Probity Advisors Inc. now owns 23,684 shares of the insurance provider’s stock worth $1,059,000 after buying an additional 3,323 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in BB&T Corporation by 8.3% during the second quarter. Pacer Advisors Inc. now owns 18,866 shares of the insurance provider’s stock worth $857,000 after buying an additional 1,450 shares in the last quarter. Hedge funds and other institutional investors own 65.82% of the company’s stock.

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A number of equities research analysts have weighed in on BBT shares. Zacks Investment Research downgraded shares of BB&T Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Morgan Stanley lifted their price target on shares of BB&T Corporation from $47.00 to $50.00 and gave the stock an “underweight” rating in a research note on Friday, October 20th. BMO Capital Markets lifted their price target on shares of BB&T Corporation from $48.00 to $49.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. Robert W. Baird restated a “hold” rating and issued a $45.00 target price on shares of BB&T Corporation in a research note on Friday, August 25th. Finally, Macquarie upgraded shares of BB&T Corporation from an “underperform” rating to a “neutral” rating and set a $47.00 target price on the stock in a research note on Friday, August 4th. Two equities research 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. The company currently has an average rating of “Hold” and a consensus price target of $49.17.

In other BB&T Corporation news, VP Donta L. Wilson sold 4,250 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $47.51, for a total transaction of $201,917.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Kelly S. King sold 66,372 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $47.53, for a total value of $3,154,661.16. The disclosure for this sale can be found here. Insiders have sold a total of 180,103 shares of company stock valued at $8,618,346 over the last three months. Company insiders own 0.36% of the company’s stock.

BB&T Corporation (BBT) opened at $49.54 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. BB&T Corporation has a twelve month low of $38.23 and a twelve month high of $49.91. The stock has a market capitalization of $39,083.15, a PE ratio of 16.35, a P/E/G ratio of 2.28 and a beta of 1.00.

BB&T Corporation (NYSE:BBT) last released its quarterly earnings results on Thursday, October 19th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.78. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.85 billion. BB&T Corporation had a return on equity of 9.64% and a net margin of 19.42%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.76 earnings per share. research analysts predict that BB&T Corporation will post 3.1 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be issued a dividend of $0.33 per share. The ex-dividend date is Thursday, November 9th. This represents a $1.32 annualized dividend and a yield of 2.66%. BB&T Corporation’s dividend payout ratio is currently 49.07%.

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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