BB&T Corp. (NYSE:BBT) was downgraded by equities research analysts at FBR & Co from an “outperform” rating to a “market perform” rating in a research report issued on Tuesday. They presently have a $40.00 price objective on the stock, down from their prior price objective of $45.00. FBR & Co’s target price would suggest a potential upside of 2.07% from the stock’s previous close.

BBT has been the topic of a number of other research reports. Citigroup Inc. reiterated a “buy” rating on shares of BB&T Corp. in a research note on Tuesday, July 12th. Morgan Stanley reiterated a “hold” rating and set a $37.00 price objective on shares of BB&T Corp. in a research note on Friday, August 5th. Barclays PLC reiterated an “equal weight” rating and set a $40.00 price objective on shares of BB&T Corp. in a research note on Sunday, July 10th. Stephens lowered shares of BB&T Corp. from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 22nd. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $40.00 price objective on shares of BB&T Corp. in a research note on Wednesday, July 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $39.41.

Analyst Recommendations for BB&T Corp. (NYSE:BBT)

Shares of BB&T Corp. (NYSE:BBT) opened at 39.19 on Tuesday. BB&T Corp. has a 52 week low of $29.95 and a 52 week high of $39.47. The company’s 50-day moving average is $38.06 and its 200 day moving average is $36.13. The stock has a market capitalization of $31.92 billion, a P/E ratio of 15.13 and a beta of 1.03.

BB&T Corp. (NYSE:BBT) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.05. BB&T Corp. had a net margin of 20.11% and a return on equity of 9.12%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter last year, the firm posted $0.69 earnings per share. BB&T Corp.’s revenue for the quarter was up 17.7% compared to the same quarter last year. On average, equities analysts forecast that BB&T Corp. will post $2.76 EPS for the current fiscal year.

In other BB&T Corp. news, Chairman Kelly S. King sold 162,415 shares of the business’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $38.25, for a total transaction of $6,212,373.75. Following the sale, the chairman now owns 448,391 shares in the company, valued at approximately $17,150,955.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Barbara F. Duck sold 29,976 shares of the business’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $36.79, for a total value of $1,102,817.04. The disclosure for this sale can be found here. Company insiders own 0.88% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the company. Capital International Investors increased its stake in BB&T Corp. by 50.9% in the second quarter. Capital International Investors now owns 12,170,580 shares of the company’s stock valued at $433,394,000 after buying an additional 4,105,100 shares during the last quarter. Vanguard Group Inc. increased its stake in BB&T Corp. by 7.0% in the second quarter. Vanguard Group Inc. now owns 49,616,129 shares of the company’s stock valued at $1,766,830,000 after buying an additional 3,244,045 shares during the last quarter. American Century Companies Inc. increased its stake in BB&T Corp. by 49.7% in the second quarter. American Century Companies Inc. now owns 5,621,569 shares of the company’s stock valued at $200,184,000 after buying an additional 1,867,148 shares during the last quarter. Bank of New York Mellon Corp increased its stake in BB&T Corp. by 25.6% in the second quarter. Bank of New York Mellon Corp now owns 8,641,742 shares of the company’s stock valued at $307,733,000 after buying an additional 1,759,394 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its stake in BB&T Corp. by 397.6% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,993,000 shares of the company’s stock valued at $70,971,000 after buying an additional 1,592,500 shares during the last quarter. Hedge funds and other institutional investors own 63.04% of the company’s stock.

About BB&T Corp.

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