Wealthstreet Investment Advisors LLC purchased a new position in shares of BB&T Co. (NYSE:BBT) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 17,890 shares of the insurance provider’s stock, valued at approximately $889,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. WINTON GROUP Ltd increased its holdings in BB&T by 179.9% in the 2nd quarter. WINTON GROUP Ltd now owns 21,719 shares of the insurance provider’s stock valued at $986,000 after purchasing an additional 13,960 shares during the last quarter. Cetera Investment Advisers acquired a new stake in BB&T in the 2nd quarter valued at approximately $257,000. Archford Capital Strategies LLC increased its holdings in BB&T by 199.9% in the 2nd quarter. Archford Capital Strategies LLC now owns 2,249 shares of the insurance provider’s stock valued at $191,000 after purchasing an additional 1,499 shares during the last quarter. Griffin Asset Management Inc. acquired a new stake in BB&T in the 2nd quarter valued at approximately $4,735,000. Finally, Burgundy Asset Management Ltd. increased its holdings in BB&T by 3.4% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 8,355,306 shares of the insurance provider’s stock valued at $379,414,000 after purchasing an additional 274,186 shares during the last quarter. Institutional investors and hedge funds own 65.89% of the company’s stock.
In related news, insider Christopher L. Henson sold 48,524 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $54.75, for a total value of $2,656,689.00. Following the completion of the sale, the insider now directly owns 180,089 shares of the company’s stock, valued at $9,859,872.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Kelly S. King sold 60,000 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $54.68, for a total transaction of $3,280,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 152,923 shares of company stock valued at $8,274,322. Corporate insiders own 0.36% of the company’s stock.
BB&T Co. (BBT) opened at $53.33 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.87 and a quick ratio of 0.86. BB&T Co. has a 1 year low of $41.17 and a 1 year high of $55.99. The company has a market cap of $42,070.00, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 1.36 and a beta of 1.06.
BB&T (NYSE:BBT) last issued its quarterly earnings results on Thursday, January 18th. The insurance provider reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.04. BB&T had a net margin of 19.25% and a return on equity of 9.93%. The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter last year, the company posted $0.72 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. equities research analysts forecast that BB&T Co. will post 3.89 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 9th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $1.32 annualized dividend and a dividend yield of 2.48%. BB&T’s dividend payout ratio (DPR) is currently 48.18%.
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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