Rock Point Advisors LLC continued to hold its stake in shares of BB&T Corporation (NYSE:BBT) during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,600 shares of the insurance provider’s stock at the end of the first quarter. Rock Point Advisors LLC’s holdings in BB&T Corporation were worth $206,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Dodge & Cox acquired a new position in BB&T Corporation during the fourth quarter valued at $996,945,000. First Eagle Investment Management LLC raised its position in shares of BB&T Corporation by 2.6% in the first quarter. First Eagle Investment Management LLC now owns 15,618,624 shares of the insurance provider’s stock worth $698,152,000 after buying an additional 403,087 shares in the last quarter. American Century Companies Inc. raised its position in shares of BB&T Corporation by 6.0% in the first quarter. American Century Companies Inc. now owns 8,683,308 shares of the insurance provider’s stock worth $388,144,000 after buying an additional 489,519 shares in the last quarter. Thomaspartners Inc. raised its position in shares of BB&T Corporation by 6.9% in the first quarter. Thomaspartners Inc. now owns 6,133,043 shares of the insurance provider’s stock worth $274,147,000 after buying an additional 393,794 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of BB&T Corporation during the fourth quarter worth approximately $266,182,000. 64.25% of the stock is owned by institutional investors.

BB&T Corporation (BBT) traded down 1.65% during mid-day trading on Friday, reaching $44.81. 6,048,133 shares of the company traded hands. BB&T Corporation has a one year low of $36.19 and a one year high of $49.88. The firm has a market cap of $36.36 billion, a PE ratio of 17.50 and a beta of 1.06. The stock’s 50-day moving average price is $43.22 and its 200-day moving average price is $45.26.

BB&T Corporation (NYSE:BBT) last released its quarterly earnings data on Thursday, April 20th. The insurance provider reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.01. BB&T Corporation had a net margin of 19.06% and a return on equity of 9.49%. The firm had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the previous year, the company earned $0.69 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. Analysts forecast that BB&T Corporation will post $2.84 earnings per share for the current fiscal year.

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A number of equities research analysts have recently issued reports on BBT shares. Royal Bank Of Canada restated a “buy” rating and issued a $50.00 target price on shares of BB&T Corporation in a research note on Tuesday, April 4th. Jefferies Group LLC restated a “hold” rating and issued a $49.00 target price on shares of BB&T Corporation in a research note on Wednesday, April 5th. FBR & Co reaffirmed a “hold” rating on shares of BB&T Corporation in a research report on Friday, April 21st. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of BB&T Corporation in a research report on Thursday, April 20th. Finally, Hilliard Lyons raised shares of BB&T Corporation from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $51.00 to $49.00 in a research report on Monday, April 24th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. BB&T Corporation presently has an average rating of “Hold” and a consensus target price of $47.21.

In other BB&T Corporation news, insider Clarke R. Starnes III sold 53,594 shares of the company’s stock in a transaction on Friday, April 21st. The shares were sold at an average price of $43.37, for a total value of $2,324,371.78. Following the transaction, the insider now directly owns 131,350 shares in the company, valued at $5,696,649.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.36% of the stock is owned by insiders.

BB&T Corporation Company Profile

BB&T Corporation is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Banking and Trust Company (Branch Bank), and other nonbank subsidiaries. Its segments include Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Holdings and Financial Services.

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

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