Janus Henderson Group PLC lifted its position in shares of BB&T Corporation (NYSE:BBT) by 3,687.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,085,012 shares of the insurance provider’s stock after purchasing an additional 3,977,166 shares during the period. Janus Henderson Group PLC owned 0.51% of BB&T Corporation worth $185,500,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BBT. Signature Estate & Investment Advisors LLC acquired a new position in shares of BB&T Corporation during the 2nd quarter worth about $111,000. Community Bank N.A. increased its stake in shares of BB&T Corporation by 6.2% during the 2nd quarter. Community Bank N.A. now owns 2,474 shares of the insurance provider’s stock worth $112,000 after purchasing an additional 144 shares during the last quarter. Liberty Capital Management Inc. acquired a new position in shares of BB&T Corporation during the 2nd quarter worth about $136,000. Guardian Life Insurance Co. of America increased its stake in shares of BB&T Corporation by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 3,130 shares of the insurance provider’s stock worth $140,000 after purchasing an additional 21 shares during the last quarter. Finally, Oakworth Capital Inc. increased its stake in shares of BB&T Corporation by 51.1% during the 2nd quarter. Oakworth Capital Inc. now owns 3,092 shares of the insurance provider’s stock worth $140,000 after purchasing an additional 1,045 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

BB&T Corporation (BBT) traded up 0.15% during mid-day trading on Friday, reaching $47.69. 3,154,339 shares of the company’s stock were exchanged. The company has a 50-day moving average of $45.65 and a 200-day moving average of $44.77. BB&T Corporation has a 52-week low of $37.40 and a 52-week high of $49.88. The stock has a market cap of $38.54 billion, a price-to-earnings ratio of 17.80 and a beta of 1.07.

BB&T Corporation (NYSE:BBT) last posted its earnings results on Thursday, July 20th. The insurance provider reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.89 billion. BB&T Corporation had a net margin of 19.57% and a return on equity of 9.62%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company earned $0.71 earnings per share. Equities research analysts anticipate that BB&T Corporation will post $2.80 earnings per share for the current year.

BB&T Corporation declared that its Board of Directors has approved a stock repurchase plan on Wednesday, June 28th that permits the company to buyback $1.88 billion in shares. This buyback authorization permits the insurance provider to reacquire up to 5.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

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Several research analysts have recently weighed in on the stock. BMO Capital Markets restated a “hold” rating and set a $48.00 price objective on shares of BB&T Corporation in a research note on Friday, June 30th. Stephens upgraded shares of BB&T Corporation from an “equal weight” rating to an “overweight” rating and set a $53.00 price target on the stock in a research note on Thursday. BidaskClub upgraded shares of BB&T Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Hilliard Lyons lowered shares of BB&T Corporation from a “buy” rating to a “hold” rating and set a $51.00 price target on the stock. in a research note on Friday, July 21st. Finally, Macquarie upgraded shares of BB&T Corporation from an “underperform” rating to a “neutral” rating and set a $47.00 price target on the stock in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $47.80.

In other news, insider Robert Jerome Johnson, Jr. sold 18,343 shares of BB&T Corporation stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $47.19, for a total value of $865,606.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Hudson Weaver sold 8,752 shares of BB&T Corporation stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $46.91, for a total transaction of $410,556.32. The disclosure for this sale can be found here. Insiders sold 55,610 shares of company stock valued at $2,618,364 in the last quarter. Corporate insiders own 0.36% of the company’s stock.

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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