Barclays PLC restated their hold rating on shares of BB&T Corp. (NYSE:BBT) in a research note released on Tuesday morning. Barclays PLC currently has a $40.00 price objective on the stock.

Other analysts also recently issued research reports about the stock. Credit Suisse Group AG reiterated a buy rating on shares of BB&T Corp. in a research report on Tuesday, July 12th. Citigroup Inc. reiterated a buy rating on shares of BB&T Corp. in a research report on Tuesday, July 12th. Vetr downgraded shares of BB&T Corp. from a strong-buy rating to a buy rating and set a $38.50 price target for the company. in a research report on Monday, July 11th. Deutsche Bank AG reissued a buy rating on shares of BB&T Corp. in a research note on Sunday, June 26th. Finally, Wells Fargo & Co. reissued a buy rating on shares of BB&T Corp. in a research note on Saturday, July 9th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $39.41.

BB&T Corp. (NYSE:BBT) traded up 0.26% on Tuesday, hitting $38.85. 986,913 shares of the company’s stock were exchanged. The company has a market cap of $31.64 billion, a PE ratio of 14.99 and a beta of 1.03. BB&T Corp. has a 12-month low of $29.95 and a 12-month high of $39.47. The company’s 50-day moving average price is $38.09 and its 200-day moving average price is $36.15.

BB&T Corp. (NYSE:BBT) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.71 EPS for the quarter, beating the 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 earned $2.79 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. BB&T Corp.’s revenue for the quarter was up 17.7% on a year-over-year basis. Analysts forecast that BB&T Corp. will post $2.76 earnings per share for the current year.

In other BB&T Corp. news, Director I. Patricia Henry sold 1,000 shares of the stock in a transaction that occurred 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 $308,471.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Kelly S. King sold 46,216 shares of the stock in a transaction that occurred 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. 0.88% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of 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 period. State Street Corp increased its stake in shares of 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 period. Dodge & Cox increased its stake in shares of 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 period. BlackRock Institutional Trust Company N.A. increased its stake in shares of 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 period. Finally, Macquarie Group Ltd. increased its stake in shares of 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 period. 63.04% of the stock is owned by institutional investors.

About BB&T Corp.

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