Reilly Financial Advisors LLC Buys 4,113 Shares of BB&T Co. (BBT)

Reilly Financial Advisors LLC lifted its stake in BB&T Co. (NYSE:BBT) by 2.1% in the third quarter, HoldingsChannel.com reports. The firm owned 195,720 shares of the insurance provider’s stock after acquiring an additional 4,113 shares during the quarter. Reilly Financial Advisors LLC’s holdings in BB&T were worth $9,500,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in BBT. IMA Wealth Inc. purchased a new stake in BB&T during the 2nd quarter worth about $116,000. First PREMIER Bank lifted its holdings in BB&T by 64.9% during the 2nd quarter. First PREMIER Bank now owns 2,540 shares of the insurance provider’s stock worth $128,000 after buying an additional 1,000 shares during the last quarter. Mount Yale Investment Advisors LLC purchased a new stake in BB&T during the 1st quarter worth about $155,000. ClariVest Asset Management LLC purchased a new stake in BB&T during the 2nd quarter worth about $167,000. Finally, Whittier Trust Co. lifted its holdings in BB&T by 591.3% during the 2nd quarter. Whittier Trust Co. now owns 4,300 shares of the insurance provider’s stock worth $170,000 after buying an additional 3,678 shares during the last quarter. Hedge funds and other institutional investors own 64.75% of the company’s stock.

In other BB&T news, insider Donta L. Wilson sold 3,018 shares of BB&T stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $51.55, for a total value of $155,577.90. Following the sale, the insider now owns 14,911 shares of the company’s stock, valued at approximately $768,662.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.51% of the company’s stock.

BBT has been the subject of a number of recent analyst reports. BMO Capital Markets reaffirmed a “buy” rating and set a $59.00 price target on shares of BB&T in a report on Thursday, July 12th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $52.00 price target on shares of BB&T in a report on Friday, July 20th. B. Riley decreased their price target on BB&T from $59.00 to $56.00 and set a “buy” rating for the company in a report on Friday, July 20th. FIG Partners downgraded BB&T from an “outperform” rating to a “market perform” rating in a report on Friday, July 20th. Finally, Stephens reiterated a “buy” rating and set a $59.00 target price on shares of BB&T in a research report on Friday, July 20th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. BB&T currently has an average rating of “Buy” and a consensus target price of $54.58.

BBT stock traded up $0.78 during trading on Friday, hitting $49.06. The company had a trading volume of 324,754 shares, compared to its average volume of 3,780,399. The stock has a market capitalization of $36.95 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 1.17 and a beta of 1.05. BB&T Co. has a 1-year low of $44.62 and a 1-year high of $56.31. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.90.

BB&T (NYSE:BBT) last issued its quarterly earnings results on Thursday, October 18th. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.01. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.93 billion. BB&T had a return on equity of 11.02% and a net margin of 22.53%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 EPS. Analysts expect that BB&T Co. will post 4 earnings per share for the current fiscal year.

BB&T Company Profile

BB&T Corporation operates as a financial holding company that provides various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals. The company operates through four segments: CB-Retail, CB-Commercial, IH&PF, and FS&CF. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.

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

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