World Asset Management Inc Has $2.73 Million Holdings in BB&T Co. (NYSE:BBT)

World Asset Management Inc raised its position in BB&T Co. (NYSE:BBT) by 2.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,212 shares of the insurance provider’s stock after buying an additional 1,267 shares during the period. World Asset Management Inc’s holdings in BB&T were worth $2,733,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Norway Savings Bank bought a new position in shares of BB&T in the third quarter worth about $54,000. St. Johns Investment Management Company LLC raised its stake in shares of BB&T by 4.5% in the third quarter. St. Johns Investment Management Company LLC now owns 25,359 shares of the insurance provider’s stock worth $1,353,000 after acquiring an additional 1,082 shares during the last quarter. Ballentine Partners LLC raised its stake in shares of BB&T by 10.5% in the third quarter. Ballentine Partners LLC now owns 6,488 shares of the insurance provider’s stock worth $346,000 after acquiring an additional 614 shares during the last quarter. Proffitt & Goodson Inc. raised its stake in shares of BB&T by 93.4% in the third quarter. Proffitt & Goodson Inc. now owns 586 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 283 shares during the last quarter. Finally, Brinker Capital Inc. raised its stake in shares of BB&T by 10.1% in the third quarter. Brinker Capital Inc. now owns 186,692 shares of the insurance provider’s stock worth $9,964,000 after acquiring an additional 17,198 shares during the last quarter. Hedge funds and other institutional investors own 70.11% of the company’s stock.

In related news, Director Nido R. Qubein sold 4,500 shares of the stock in a transaction on Sunday, September 1st. The shares were sold at an average price of $25.00, for a total transaction of $112,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director K. David Jr. Boyer sold 4,285 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $52.64, for a total transaction of $225,562.40. The disclosure for this sale can be found here. Insiders sold 25,099,147 shares of company stock valued at $714,407,173 in the last quarter. Corporate insiders own 0.49% of the company’s stock.

A number of equities analysts have weighed in on the stock. Jefferies Financial Group raised shares of BB&T from a “hold” rating to a “buy” rating and boosted their target price for the stock from $52.00 to $58.00 in a research note on Tuesday, October 8th. Deutsche Bank set a $59.00 target price on shares of BB&T and gave the company a “buy” rating in a research note on Friday, July 26th. Bank of America upped their target price on shares of BB&T from $53.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Wells Fargo & Co set a $55.00 target price on shares of BB&T and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, ValuEngine downgraded shares of BB&T from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $54.50.

Shares of BB&T stock traded down $0.08 on Wednesday, hitting $53.39. The company had a trading volume of 102,102 shares, compared to its average volume of 5,221,595. The firm has a market capitalization of $40.95 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.72 and a beta of 1.17. BB&T Co. has a twelve month low of $40.68 and a twelve month high of $53.97. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.85 and a quick ratio of 0.84. The stock has a 50-day moving average of $51.74 and a 200-day moving average of $49.59.

BB&T (NYSE:BBT) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.04. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.99 billion. BB&T had a net margin of 23.17% and a return on equity of 12.25%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.01 earnings per share. Equities analysts predict that BB&T Co. will post 4.24 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 8th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.37%. BB&T’s dividend payout ratio (DPR) is presently 44.44%.

About BB&T

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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