Homrich & Berg boosted its stake in BB&T Corporation (NYSE:BBT) by 5.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,892 shares of the insurance provider’s stock after buying an additional 354 shares during the period. Homrich & Berg’s holdings in BB&T Corporation were worth $313,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in BBT. BlackRock Inc. raised its stake in shares of BB&T Corporation by 2,875.1% in the first quarter. BlackRock Inc. now owns 47,331,820 shares of the insurance provider’s stock valued at $2,115,732,000 after buying an additional 45,740,906 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of BB&T Corporation by 3.2% in the first quarter. Vanguard Group Inc. now owns 54,194,703 shares of the insurance provider’s stock valued at $2,422,504,000 after buying an additional 1,656,297 shares during the last quarter. Janus Capital Management LLC raised its stake in shares of BB&T Corporation by 46.8% in the first quarter. Janus Capital Management LLC now owns 3,333,817 shares of the insurance provider’s stock valued at $149,021,000 after buying an additional 1,062,590 shares during the last quarter. FMR LLC raised its stake in shares of BB&T Corporation by 214.8% in the first quarter. FMR LLC now owns 1,464,005 shares of the insurance provider’s stock valued at $65,440,000 after buying an additional 998,898 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of BB&T Corporation by 143.2% in the first quarter. First Trust Advisors LP now owns 1,642,161 shares of the insurance provider’s stock valued at $73,405,000 after buying an additional 966,962 shares during the last quarter. 64.30% of the stock is currently owned by institutional investors.

Shares of BB&T Corporation (BBT) opened at 46.30 on Thursday. The company has a market cap of $37.41 billion, a P/E ratio of 17.28 and a beta of 1.07. The stock’s 50 day moving average price is $46.47 and its 200-day moving average price is $45.21. BB&T Corporation has a 52-week low of $36.80 and a 52-week high of $49.88.

BB&T Corporation (NYSE:BBT) last posted its quarterly earnings results on Thursday, July 20th. The insurance provider reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. BB&T Corporation had a net margin of 19.57% and a return on equity of 9.62%. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same period in the prior year, the business posted $0.71 earnings per share. The company’s revenue was up 2.4% on a year-over-year basis. Equities analysts expect that BB&T Corporation will post $2.84 EPS for the current year.

BB&T Corporation announced that its board has initiated a stock repurchase plan on Wednesday, June 28th that allows the company to buyback $1.88 billion in shares. This buyback authorization allows the insurance provider to repurchase up to 5.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.85%. This is a positive change from BB&T Corporation’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, August 9th. BB&T Corporation’s dividend payout ratio is presently 49.25%.

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Several equities analysts recently commented on BBT shares. BidaskClub downgraded BB&T Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Jefferies Group LLC restated a “hold” rating and set a $49.00 target price on shares of BB&T Corporation in a research report on Friday, July 14th. Hilliard Lyons downgraded BB&T Corporation from a “buy” rating to a “hold” rating and set a $51.00 target price for the company. in a research report on Friday, July 21st. BMO Capital Markets restated a “hold” rating and set a $48.00 target price on shares of BB&T Corporation in a research report on Friday, June 30th. Finally, Robert W. Baird restated a “hold” rating and set a $45.00 target price on shares of BB&T Corporation in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $47.06.

In other BB&T Corporation news, EVP William Rufus Yates sold 28,515 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $47.07, for a total transaction of $1,342,201.05. Following the completion of the sale, the executive vice president now directly owns 34,887 shares in the company, valued at $1,642,131.09. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robert Jerome Johnson, Jr. sold 18,343 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $47.19, for a total transaction of $865,606.17. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,610 shares of company stock valued at $2,618,364. Company insiders own 0.36% of the company’s stock.

About BB&T Corporation

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.

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

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