BB&T Corp increased its stake in shares of BB&T Corp. (NYSE:BBT) by 5.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,867,790 shares of the company’s stock after buying an additional 184,704 shares during the period. BB&T Corp. accounts for 2.9% of BB&T Corp’s investment portfolio, making the stock its largest position. BB&T Corp owned 0.47% of BB&T Corp. worth $137,731,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Retirement Systems of Alabama increased its position in shares of BB&T Corp. by 5.2% in the second quarter. Retirement Systems of Alabama now owns 418,487 shares of the company’s stock valued at $14,902,000 after buying an additional 20,593 shares during the period. Meeder Asset Management Inc. increased its position in shares of BB&T Corp. by 356.8% in the second quarter. Meeder Asset Management Inc. now owns 19,039 shares of the company’s stock valued at $677,000 after buying an additional 14,871 shares during the period. Argyle Capital Management Inc. increased its position in shares of BB&T Corp. by 179.2% in the second quarter. Argyle Capital Management Inc. now owns 53,600 shares of the company’s stock valued at $1,909,000 after buying an additional 34,400 shares during the period. Wellington Management Group LLP increased its position in shares of BB&T Corp. by 3.6% in the first quarter. Wellington Management Group LLP now owns 2,327,987 shares of the company’s stock valued at $77,452,000 after buying an additional 81,250 shares during the period. Finally, Sabal Trust CO increased its position in shares of BB&T Corp. by 4.3% in the second quarter. Sabal Trust CO now owns 591,956 shares of the company’s stock valued at $21,080,000 after buying an additional 24,467 shares during the period. Institutional investors own 63.03% of the company’s stock.

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

Shares of BB&T Corp. (NYSE:BBT) traded up 1.37% during midday trading on Wednesday, hitting $38.41. The stock had a trading volume of 4,304,023 shares. 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 $38.10 and its 200-day moving average price is $36.31. The firm has a market cap of $31.28 billion, a price-to-earnings ratio of 14.82 and a beta of 1.03.

BB&T Corp. (NYSE:BBT) last issued its quarterly earnings results on Wednesday, October 19th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.05. The firm earned $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. BB&T Corp. had a return on equity of 9.12% and a net margin of 20.11%. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the company posted $0.70 EPS. Equities research analysts forecast that BB&T Corp. will post $2.76 EPS for the current year.

BBT has been the topic of several analyst reports. Credit Agricole SA lifted their target price on BB&T Corp. from $35.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, September 23rd. Barclays PLC reiterated an “equal weight” rating and issued a $40.00 target price on shares of BB&T Corp. in a research note on Sunday, July 10th. Credit Suisse Group AG reiterated a “buy” rating and issued a $42.00 target price on shares of BB&T Corp. in a research note on Wednesday, September 28th. BMO Capital Markets reissued an “outperform” rating and issued a $40.00 price target on shares of BB&T Corp. in a report on Wednesday, July 6th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating on shares of BB&T Corp. in a report on Wednesday, October 12th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. BB&T Corp. has a consensus rating of “Hold” and an average price target of $39.29.

In other BB&T Corp. news, insider Barbara F. Duck sold 29,976 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of $36.79, for a total transaction of $1,102,817.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director I. Patricia Henry sold 1,000 shares of the 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 transaction, the director now directly owns 8,090 shares of the company’s stock, valued at $308,471.70. The disclosure for this sale can be found here. Company insiders own 0.88% of the company’s stock.

About BB&T Corp.

5 Day Chart for NYSE:BBT

Receive News & Stock Ratings for BB&T Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BB&T Corp. and related stocks with our FREE daily email newsletter.