Los Angeles Capital Management & Equity Research Inc. decreased its holdings in BB&T Corporation (NYSE:BBT) by 34.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,726 shares of the insurance provider’s stock after selling 59,429 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in BB&T Corporation were worth $5,291,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in BBT. Janus Henderson Group PLC lifted its stake in BB&T Corporation by 3,687.8% in the second quarter. Janus Henderson Group PLC now owns 4,085,012 shares of the insurance provider’s stock worth $185,500,000 after acquiring an additional 3,977,166 shares during the period. Vanguard Group Inc. lifted its stake in BB&T Corporation by 2.4% in the second quarter. Vanguard Group Inc. now owns 55,519,721 shares of the insurance provider’s stock worth $2,521,151,000 after acquiring an additional 1,325,018 shares during the period. Janus Capital Management LLC lifted its stake in 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 worth $149,021,000 after acquiring an additional 1,062,590 shares during the period. American Century Companies Inc. lifted its stake in BB&T Corporation by 12.6% in the third quarter. American Century Companies Inc. now owns 8,117,000 shares of the insurance provider’s stock worth $381,012,000 after acquiring an additional 910,225 shares during the period. Finally, Westwood Holdings Group Inc. lifted its stake in BB&T Corporation by 100.1% in the first quarter. Westwood Holdings Group Inc. now owns 1,806,209 shares of the insurance provider’s stock worth $80,738,000 after acquiring an additional 903,335 shares during the period. 65.39% of the stock is owned by institutional investors.

A number of analysts recently commented on BBT shares. Morgan Stanley raised their price target on BB&T Corporation from $47.00 to $50.00 and gave the stock an “underweight” rating in a research note on Friday, October 20th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $49.00 price target (up previously from $47.00) on shares of BB&T Corporation in a research note on Monday, October 9th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $52.00 price target on shares of BB&T Corporation in a research note on Friday, October 20th. Stephens raised BB&T Corporation from an “equal weight” rating to an “overweight” rating and set a $53.00 price target for the company in a research note on Thursday, October 5th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $45.00 price target on shares of BB&T Corporation in a research note on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the stock. BB&T Corporation currently has a consensus rating of “Hold” and a consensus target price of $49.17.

BB&T Corporation (NYSE:BBT) opened at $46.82 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.85. The stock has a market capitalization of $36,940.00, a PE ratio of 15.45, a PEG ratio of 2.16 and a beta of 1.01. BB&T Corporation has a 52-week low of $41.17 and a 52-week high of $49.91.

BB&T Corporation (NYSE:BBT) last posted its quarterly earnings results on Thursday, October 19th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.78. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. BB&T Corporation had a return on equity of 9.64% and a net margin of 19.42%. BB&T Corporation’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 EPS. research analysts expect that BB&T Corporation will post 3.1 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Thursday, November 9th. BB&T Corporation’s dividend payout ratio is presently 49.07%.

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In related news, insider Christopher L. Henson sold 42,233 shares of BB&T Corporation stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $47.56, for a total value of $2,008,601.48. Following the completion of the sale, the insider now directly owns 207,620 shares in the company, valued at approximately $9,874,407.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Donna C. Goodrich sold 26,869 shares of BB&T Corporation stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $49.13, for a total value of $1,320,073.97. Following the completion of the sale, the insider now owns 78,589 shares of the company’s stock, valued at $3,861,077.57. The disclosure for this sale can be found here. In the last ninety days, insiders sold 171,351 shares of company stock valued at $8,207,790. 0.36% of the stock is owned by insiders.

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.

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

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