JPMorgan Chase & Co. boosted its position in shares of BB&T Corp. (NYSE:BBT) by 5.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,867,778 shares of the company’s stock after buying an additional 582,064 shares during the period. JPMorgan Chase & Co. owned about 1.46% of BB&T Corp. worth $447,654,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TD Asset Management Inc. raised its stake in shares of BB&T Corp. by 32.6% in the third quarter. TD Asset Management Inc. now owns 1,103,568 shares of the company’s stock valued at $41,627,000 after buying an additional 271,541 shares during the period. Chevy Chase Trust Holdings Inc. raised its stake in shares of BB&T Corp. by 6.1% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 740,973 shares of the company’s stock valued at $26,386,000 after buying an additional 42,701 shares during the period. Newman Dignan & Sheerar Inc. raised its stake in shares of BB&T Corp. by 21.5% in the second quarter. Newman Dignan & Sheerar Inc. now owns 19,493 shares of the company’s stock valued at $694,000 after buying an additional 3,455 shares during the period. Exxonmobil Investment Management Inc. TX raised its stake in shares of BB&T Corp. by 11.8% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 212,481 shares of the company’s stock valued at $7,566,000 after buying an additional 22,460 shares during the period. Finally, DNB Asset Management AS raised its stake in shares of BB&T Corp. by 4.9% in the second quarter. DNB Asset Management AS now owns 68,474 shares of the company’s stock valued at $2,438,000 after buying an additional 3,200 shares during the period. 63.10% of the stock is owned by institutional investors.

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

BB&T Corp. (NYSE:BBT) opened at 44.04 on Tuesday. The firm’s 50-day moving average is $40.43 and its 200 day moving average is $37.67. BB&T Corp. has a 12-month low of $29.95 and a 12-month high of $44.88. The firm has a market cap of $35.74 billion, a PE ratio of 16.37 and a beta of 1.02.

BB&T Corp. (NYSE:BBT) last released its quarterly earnings results 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. BB&T Corp. had a net margin of 20.54% and a return on equity of 9.45%. The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same period last year, the company earned $0.70 EPS. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. Equities research analysts predict that BB&T Corp. will post $2.77 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 10th will be given a $0.30 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $1.20 annualized dividend and a dividend yield of 2.69%. BB&T Corp.’s dividend payout ratio is presently 44.44%.

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Several analysts have recently issued reports on BBT shares. FBR & Co set a $40.00 target price on shares of BB&T Corp. and gave the company a “hold” rating in a research report on Thursday, October 20th. Barclays PLC reiterated a “hold” rating and issued a $40.00 target price on shares of BB&T Corp. in a research report on Tuesday, October 11th. Credit Suisse Group AG set a $42.00 target price on shares of BB&T Corp. and gave the company a “buy” rating in a research report on Wednesday, September 14th. boosted their price target on shares of BB&T Corp. from $35.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, September 23rd. Finally, Macquarie lowered shares of BB&T Corp. from a “neutral” rating to an “underperform” rating in a research report on Thursday, October 20th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $39.79.

In related news, insider Cynthia B. Powell sold 9,012 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $42.21, for a total value of $380,396.52. Following the sale, the insider now directly owns 20,428 shares of the company’s stock, valued at $862,265.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brantley J. Standridge sold 19,873 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $39.13, for a total transaction of $777,630.49. Following the completion of the sale, the insider now directly owns 30,817 shares in the company, valued at $1,205,869.21. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by corporate insiders.

About BB&T Corp.

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