BB&T Corp. (BBT) Insider Sells $284,416.92 in Stock
BB&T Corp. (NYSE:BBT) insider Cynthia B. Powell sold 7,047 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $40.36, for a total value of $284,416.92. Following the completion of the transaction, the insider now owns 18,463 shares of the company’s stock, valued at approximately $745,166.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
BB&T Corp. (NYSE:BBT) opened at 42.85 on Tuesday. The company has a market cap of $34.77 billion, a price-to-earnings ratio of 15.92 and a beta of 1.02. The stock has a 50 day moving average price of $38.69 and a 200-day moving average price of $36.96. BB&T Corp. has a 1-year low of $29.95 and a 1-year high of $43.19.
BB&T Corp. (NYSE:BBT) last issued its quarterly earnings data on Wednesday, October 19th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.71 by $0.05. BB&T Corp. had a return on equity of 9.45% and a net margin of 20.54%. The firm earned $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the prior year, the business posted $0.70 EPS. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, equities research analysts forecast that BB&T Corp. will post $2.77 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 10th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $1.20 dividend on an annualized basis and a yield of 2.80%. BB&T Corp.’s dividend payout ratio (DPR) is 44.44%.
A number of research analysts have recently commented on the company. Morgan Stanley cut BB&T Corp. from an “equal weight” rating to an “underweight” rating and set a $42.00 target price for the company. in a research note on Monday. They noted that the move was a valuation call. FBR & Co set a $40.00 target price on BB&T Corp. and gave the company a “hold” rating in a research note on Thursday, October 20th. Macquarie cut BB&T Corp. from a “neutral” rating to an “underperform” rating in a research note on Thursday, October 20th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $37.00 target price on shares of BB&T Corp. in a research note on Wednesday, October 19th. Finally, Barclays PLC restated a “hold” rating and issued a $40.00 target price on shares of BB&T Corp. in a research note on Tuesday, October 11th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $39.54.
A number of institutional investors have recently modified their holdings of the company. Clear Harbor Asset Management LLC purchased a new position in shares of BB&T Corp. during the first quarter worth about $253,000. Avalon Advisors LLC raised its position in shares of BB&T Corp. by 20.5% in the first quarter. Avalon Advisors LLC now owns 310,641 shares of the company’s stock worth $10,335,000 after buying an additional 52,787 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in shares of BB&T Corp. by 7.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 29,586 shares of the company’s stock worth $986,000 after buying an additional 2,144 shares during the period. Squarepoint Ops LLC raised its position in shares of BB&T Corp. by 466.9% in the first quarter. Squarepoint Ops LLC now owns 56,421 shares of the company’s stock worth $1,877,000 after buying an additional 46,468 shares during the period. Finally, Arizona State Retirement System raised its position in shares of BB&T Corp. by 1.1% in the first quarter. Arizona State Retirement System now owns 211,622 shares of the company’s stock worth $7,041,000 after buying an additional 2,400 shares during the period. Institutional investors own 63.81% of the company’s stock.
BB&T Corp. Company Profile
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