Public Employees Retirement System of Ohio trimmed its holdings in shares of BB&T Co. (NYSE:BBT) by 2.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 575,430 shares of the insurance provider’s stock after selling 12,695 shares during the period. Public Employees Retirement System of Ohio’s holdings in BB&T were worth $28,610,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in BBT. Kistler Tiffany Companies LLC lifted its holdings in BB&T by 102.6% during the 4th quarter. Kistler Tiffany Companies LLC now owns 2,356 shares of the insurance provider’s stock valued at $117,000 after purchasing an additional 1,193 shares during the last quarter. Cerebellum GP LLC bought a new position in BB&T during the 4th quarter valued at about $123,000. Shamrock Asset Management LLC bought a new position in BB&T during the 4th quarter valued at about $123,000. Front Row Advisors LLC bought a new position in BB&T during the 4th quarter valued at about $142,000. Finally, Highstreet Asset Management Inc. lifted its holdings in BB&T by 105.3% during the 3rd quarter. Highstreet Asset Management Inc. now owns 3,053 shares of the insurance provider’s stock valued at $143,000 after purchasing an additional 1,566 shares during the last quarter. 65.89% of the stock is owned by institutional investors.
In other news, insider Christopher L. Henson sold 48,524 shares of BB&T stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $54.75, for a total transaction of $2,656,689.00. Following the completion of the sale, the insider now owns 180,089 shares in the company, valued at approximately $9,859,872.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Donna C. Goodrich sold 10,799 shares of BB&T stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $46.77, for a total transaction of $505,069.23. Following the sale, the insider now owns 47,182 shares of the company’s stock, valued at approximately $2,206,702.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 152,923 shares of company stock valued at $8,274,322. 0.36% of the stock is owned by corporate insiders.
BB&T (NYSE:BBT) last posted its quarterly earnings data on Thursday, January 18th. The insurance provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.04. The firm had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.86 billion. BB&T had a net margin of 19.25% and a return on equity of 9.93%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.72 EPS. equities research analysts forecast that BB&T Co. will post 3.89 earnings per share for the current fiscal year.
The firm also recently declared 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. This represents a $1.32 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Thursday, February 8th. BB&T’s dividend payout ratio is 48.18%.
Several equities analysts recently issued reports on BBT shares. Zacks Investment Research downgraded shares of BB&T from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. Citigroup raised shares of BB&T from a “market perform” rating to an “outperform” rating and set a $58.00 price target for the company in a report on Tuesday, January 9th. Morgan Stanley lifted their price target on shares of BB&T from $47.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, October 20th. SunTrust Banks reissued a “buy” rating and set a $52.00 price target on shares of BB&T in a report on Friday, October 20th. Finally, Raymond James Financial raised shares of BB&T from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 9th. Fifteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $53.52.
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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