Commerce Bank Acquires 15,478 Shares of BB&T Corporation (BBT)

Commerce Bank boosted its position in BB&T Corporation (NYSE:BBT) by 3.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 498,391 shares of the insurance provider’s stock after purchasing an additional 15,478 shares during the period. Commerce Bank owned about 0.06% of BB&T Corporation worth $23,394,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new stake in BB&T Corporation in the third quarter valued at about $870,000. Putnam FL Investment Management Co. acquired a new stake in BB&T Corporation in the third quarter valued at about $1,507,000. Stratos Wealth Partners LTD. acquired a new stake in BB&T Corporation in the third quarter valued at about $3,062,000. Bank of New York Mellon Corp lifted its position in BB&T Corporation by 1.0% in the third quarter. Bank of New York Mellon Corp now owns 8,829,063 shares of the insurance provider’s stock valued at $414,436,000 after purchasing an additional 86,200 shares during the period. Finally, Lockheed Martin Investment Management Co. lifted its position in BB&T Corporation by 100.0% in the third quarter. Lockheed Martin Investment Management Co. now owns 55,800 shares of the insurance provider’s stock valued at $2,619,000 after purchasing an additional 27,900 shares during the period. Hedge funds and other institutional investors own 65.64% of the company’s stock.

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In other BB&T Corporation news, Chairman Kelly S. King sold 66,372 shares of BB&T Corporation stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $47.53, for a total value of $3,154,661.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher L. Henson sold 42,233 shares of BB&T Corporation stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $47.56, for a total transaction of $2,008,601.48. Following the completion of the sale, the insider now directly owns 207,620 shares of the company’s stock, valued at $9,874,407.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 171,351 shares of company stock valued at $8,207,790. Corporate insiders own 0.36% of the company’s stock.

A number of brokerages recently commented on BBT. BidaskClub upgraded shares of BB&T Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. BMO Capital Markets restated a “hold” rating and issued a $49.00 price objective on shares of BB&T Corporation in a research report on Friday, July 21st. Hilliard Lyons downgraded shares of BB&T Corporation from a “buy” rating to a “hold” rating and set a $51.00 price objective for the company. in a research report on Friday, July 21st. Wells Fargo & Company began coverage on shares of BB&T Corporation in a research report on Wednesday, August 9th. They issued a “market perform” rating and a $44.00 price objective for the company. Finally, FBR & Co set a $48.00 price objective on shares of BB&T Corporation and gave the company a “hold” rating in a research report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company. BB&T Corporation has an average rating of “Hold” and a consensus price target of $49.17.

Shares of BB&T Corporation (NYSE BBT) traded up $0.23 on Thursday, hitting $47.05. 1,351,898 shares of the stock were exchanged, compared to its average volume of 4,283,442. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.85 and a current ratio of 0.86. BB&T Corporation has a fifty-two week low of $41.17 and a fifty-two week high of $49.91. The stock has a market cap of $37,210.00, a PE ratio of 15.46, a price-to-earnings-growth ratio of 2.16 and a beta of 1.01.

BB&T Corporation (NYSE:BBT) last issued its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.78 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.78. BB&T Corporation had a net margin of 19.42% and a return on equity of 9.64%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same period last year, the company posted $0.76 EPS. The company’s revenue was up 1.4% on a year-over-year basis. equities analysts expect that BB&T Corporation will post 3.09 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be paid a dividend of $0.33 per share. The ex-dividend date is Thursday, November 9th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.81%. BB&T Corporation’s dividend payout ratio (DPR) is 49.07%.

BB&T Corporation 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.

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

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