Wedbush Securities Inc. now owns 11,216 shares of the insurance provider's stock valued at $526,000 after purchasing an additional 2,108 shares during the period.
Vaughan David Investments Inc/il reports that it lowered its ownership in BB&T Corp by 0.4% as reported in a filing on 11/13/2017.
Other institutional investors have also made changes to their positions in the company.
BB&T Corporation (BBT) share price fell -1.33% to $46.13 in the last trading session. Simmons Bank purchased a new stake in shares of BB&T Corp. during the first quarter worth approximately $255,000. Nippon Life has 0.02% invested in W W Grainger Inc (NYSE:GWW) for 5,604 shares. As of the end of the quarter Lsv Asset Management had sold 101,000 shares trimming its holdings by 3.0%. Bahl & Gaynor Inc now controls 2,617,726 shares with a value of $122,876,000. The stock increased 0.78% or $0.36 during the last trading session, reaching $46.49. The stock had a trading volume of 6,295,800 shares, compared to its average volume of 4,285,560. The Market Cap of the company is $36.43 Billion. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. In the past 52 weeks the company's stock price has moved within the range of $41.08 to $49.91. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. The company had Year Ago Sales of $2.88 Billion.
BB&T Corporation (NYSE:BBT) last posted its earnings results on Thursday, October 19th. The business's revenue for the quarter was up 1.4% compared to the same quarter past year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. The ex-dividend date is Tuesday, November 8th. This represents a $1.32 annualized dividend and a yield of 2.84%. BB&T Corp.'s dividend payout ratio (DPR) is presently 44.44%.
WARNING: This piece of content was originally reported by Week Herald and is the sole property of of Week Herald. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of US & worldwide copyright and trademark law. The correct version of this article can be read at https://www.truebluetribune.com/2017/11/13/state-board-of-administration-of-florida-retirement-system-lowers-stake-in-bbt-corporation-bbt.html. The stock was sold at an average price of $39.29, for a total transaction of $102,782.64. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Kelly S. King sold 66,372 shares of BB&T Corporation stock in a transaction that occurred on Friday, October 20th. In order to assess value we need to compare the current price to where it's likely to trade in the future.RF is now priced at a -3.5% to its one-year price target of 16.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 180,103 shares of company stock worth $8,618,346. Manufacturers Life The owns 904,298 shares for 0.2% of their portfolio. BBT's shares are therefore the less volatile of the two stocks. Of the 29 analysts surveyed by Reuters that track BBT 19 of them rate its stock a hold. October 20 investment analysts at SunTrust Banks kept the stock rating at "Buy" with a current price target of $52.00. Robert W. Baird cut shares of BB&T Corp. from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $40.00 to $37.00 in a research note on Monday, July 11th. Finally, FBR & Co set a $48.00 price target on BB&T Corporation and gave the stock a "hold" rating in a research note on Friday, October 20th.
On October 20 Royal Bank Of Canada maintained a company rating of "Buy" projecting a price of $50.00. The stock of BB&T Corporation (NYSE:BBT) has "Equal Weight" rating given on Tuesday, January 3 by Barclays Capital. The Company conducts its business operations primarily through its bank subsidiary, Branch Banking and Trust Company (Branch Bank), and other nonbank subsidiaries. The Company's divisions include Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Holdings and Financial Services.