BB&T Corp. (NYSE:BBT) shares gapped down before the market opened on Wednesday following insider selling activity. The stock had previously closed at $44.36, but opened at $42.98. BB&T Corp. shares last traded at $42.82, with a volume of 9,903,127 shares changing hands.

Specifically, insider David Hudson Weaver sold 10,909 shares of the stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $37.78, for a total transaction of $412,142.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider W Bennett Bradley sold 5,000 shares of the stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $38.11, for a total transaction of $190,550.00. Following the transaction, the insider now owns 16,644 shares in the company, valued at $634,302.84. The disclosure for this sale can be found here. Insiders own 0.88% of the company’s stock.

A number of equities analysts have recently issued reports on BBT shares. Credit Suisse Group AG reiterated a “buy” rating and set a $42.00 price objective on shares of BB&T Corp. in a research note on Wednesday, September 28th. BMO Capital Markets reiterated a “buy” rating and set a $40.00 price objective on shares of BB&T Corp. in a research note on Friday, July 22nd. FBR & Co restated a “buy” rating and issued a $45.00 target price on shares of BB&T Corp. in a research note on Friday, July 22nd. 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, Morgan Stanley restated a “hold” rating and issued a $37.00 target price on shares of BB&T Corp. in a research note on Friday, August 5th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $39.79.

The firm has a market cap of $35.71 billion, a PE ratio of 16.35 and a beta of 1.02. The firm has a 50-day moving average price of $39.14 and a 200-day moving average price of $37.12.

BB&T Corp. (NYSE:BBT) last posted its quarterly earnings data on Wednesday, October 19th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.05. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. BB&T Corp. had a return on equity of 9.45% and a net margin of 20.54%. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.70 EPS. Equities research analysts anticipate that BB&T Corp. will post $2.77 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, November 8th. This represents a $1.20 annualized dividend and a yield of 2.73%. BB&T Corp.’s payout ratio is presently 44.44%.

Hedge funds have recently bought and sold shares of the company. 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. BlackRock Institutional Trust Company N.A. increased its stake in BB&T Corp. by 1.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 21,065,275 shares of the company’s stock valued at $794,582,000 after buying an additional 260,954 shares during the last quarter. 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. Finally, Longview Partners Guernsey LTD increased its stake in BB&T Corp. by 1.1% in the third quarter. Longview Partners Guernsey LTD now owns 16,914,498 shares of the company’s stock valued at $638,015,000 after buying an additional 188,000 shares during the last quarter. Hedge funds and other institutional investors own 63.81% of the company’s stock.

About BB&T Corp.

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