BB&T Corp. (NYSE:BBT)‘s stock had its “market perform” rating reaffirmed by analysts at Keefe, Bruyette & Woods in a research note issued to investors on Wednesday.

Several other equities analysts also recently commented on BBT. Citigroup Inc. restated a “buy” rating on shares of BB&T Corp. in a research note on Tuesday, July 12th. Morgan Stanley restated a “hold” rating and issued a $37.00 price target on shares of BB&T Corp. in a research note on Friday, August 5th. Barclays PLC restated an “equal weight” rating and issued a $40.00 price target on shares of BB&T Corp. in a research note on Sunday, July 10th. Stephens downgraded shares of BB&T Corp. from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 22nd. Finally, FBR & Co reiterated a “buy” rating and set a $45.00 price objective on shares of BB&T Corp. in a research note on Friday, July 22nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. BB&T Corp. currently has an average rating of “Hold” and an average price target of $39.41.

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

BB&T Corp. (NYSE:BBT) traded up 0.090% during trading on Wednesday, hitting $38.785. 2,103,808 shares of the stock were exchanged. The firm has a 50-day moving average of $38.09 and a 200-day moving average of $36.15. The stock has a market capitalization of $31.59 billion, a price-to-earnings ratio of 14.969 and a beta of 1.03. BB&T Corp. has a 52 week low of $29.95 and a 52 week high of $39.47.

BB&T Corp. (NYSE:BBT) last released its quarterly earnings data 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 the consensus estimate of $2.73 billion. During the same period in the previous year, the company earned $0.69 earnings per share. The company’s quarterly revenue was up 17.7% on a year-over-year basis. Equities research analysts anticipate that BB&T Corp. will post $2.76 earnings per share for the current fiscal year.

In related news, Director I. Patricia Henry sold 1,000 shares of BB&T Corp. stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $38.13, for a total value of $38,130.00. Following the completion of the sale, the director now owns 8,090 shares of the company’s stock, valued at approximately $308,471.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Kelly S. King sold 46,216 shares of BB&T Corp. stock in a transaction on Monday, July 25th. The shares were sold at an average price of $36.76, for a total transaction of $1,698,900.16. The disclosure for this sale can be found here. Insiders own 0.88% of the company’s stock.

A number of hedge funds have recently bought and sold shares of BBT. 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. State Street Corp increased its stake in BB&T Corp. by 3.9% in the second quarter. State Street Corp now owns 35,285,952 shares of the company’s stock valued at $1,256,536,000 after buying an additional 1,337,976 shares during the last quarter. Dodge & Cox increased its stake in BB&T Corp. by 3.0% in the first quarter. Dodge & Cox now owns 24,736,302 shares of the company’s stock valued at $822,977,000 after buying an additional 713,975 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in BB&T Corp. by 4.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 20,804,321 shares of the company’s stock valued at $740,842,000 after buying an additional 841,468 shares during the last quarter. Finally, Macquarie Group Ltd. increased its stake in BB&T Corp. by 6.9% in the second quarter. Macquarie Group Ltd. now owns 20,026,105 shares of the company’s stock valued at $713,129,000 after buying an additional 1,289,115 shares during the last quarter. 63.04% of the stock is owned by institutional investors and hedge funds.

About BB&T Corp.

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