Securian Asset Management Inc Grows Holdings in BB&T Co. (NYSE:BBT)

Securian Asset Management Inc lifted its holdings in BB&T Co. (NYSE:BBT) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,905 shares of the insurance provider’s stock after buying an additional 864 shares during the quarter. Securian Asset Management Inc’s holdings in BB&T were worth $3,877,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in BBT. Zeke Capital Advisors LLC increased its holdings in BB&T by 1.1% in the 2nd quarter. Zeke Capital Advisors LLC now owns 18,566 shares of the insurance provider’s stock worth $912,000 after acquiring an additional 198 shares in the last quarter. Graves Light Private Wealth Management Inc. lifted its position in BB&T by 0.4% in the second quarter. Graves Light Private Wealth Management Inc. now owns 52,085 shares of the insurance provider’s stock worth $2,559,000 after buying an additional 200 shares during the last quarter. Weather Gauge Advisory LLC lifted its position in BB&T by 0.3% in the second quarter. Weather Gauge Advisory LLC now owns 78,278 shares of the insurance provider’s stock worth $3,846,000 after buying an additional 206 shares during the last quarter. Lakeview Capital Partners LLC lifted its position in shares of BB&T by 2.5% during the first quarter. Lakeview Capital Partners LLC now owns 8,637 shares of the insurance provider’s stock worth $402,000 after purchasing an additional 209 shares during the last quarter. Finally, Galibier Capital Management Ltd. lifted its position in shares of BB&T by 0.7% during the second quarter. Galibier Capital Management Ltd. now owns 35,593 shares of the insurance provider’s stock worth $1,749,000 after purchasing an additional 241 shares during the last quarter. 68.38% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Louis B. Lynn sold 2,500 shares of BB&T stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $48.33, for a total value of $120,825.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David Hudson Weaver sold 21,705 shares of BB&T stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $51.44, for a total value of $1,116,505.20. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

BBT has been the topic of several research reports. UBS Group cut their price target on BB&T from $55.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. ValuEngine raised BB&T from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Deutsche Bank set a $59.00 target price on BB&T and gave the stock a “buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. decreased their price target on BB&T from $51.50 to $50.50 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Finally, Wells Fargo & Co set a $55.00 price target on BB&T and gave the company a “buy” rating in a report on Friday, August 16th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $53.95.

BBT stock traded up $0.19 during midday trading on Thursday, hitting $46.41. 26,881 shares of the stock were exchanged, compared to its average volume of 4,796,763. The stock’s 50-day moving average price is $49.12 and its 200-day moving average price is $49.19. The stock has a market cap of $35.97 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.19 and a beta of 1.12. BB&T Co. has a fifty-two week low of $40.68 and a fifty-two week high of $52.85. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.87 and a current ratio of 0.88.

BB&T (NYSE:BBT) last released its quarterly earnings results on Thursday, July 18th. The insurance provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.04. The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.01 billion. BB&T had a return on equity of 12.23% and a net margin of 23.58%. BB&T’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.01 earnings per share. Research analysts anticipate that BB&T Co. will post 4.22 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 14th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date is Tuesday, August 13th. BB&T’s dividend payout ratio is currently 44.44%.

BB&T Profile

BB&T Corporation, a holding company, provides banking and trust services for small and mid-size businesses, public agencies, local governments, corporations, and individuals in the Southeastern and Mid-Atlantic United States. The company operates through four segments: Community Banking Retail and Consumer Finance, Community Banking Commercial, Insurance Holdings, and Financial Services and Commercial Finance.

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

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