BB&T Co. (BBT) Stake Raised by TD Asset Management Inc.
TD Asset Management Inc. grew its position in BB&T Co. (NYSE:BBT) by 4.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 499,085 shares of the insurance provider’s stock after purchasing an additional 19,118 shares during the period. TD Asset Management Inc. owned about 0.06% of BB&T worth $21,620,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of BBT. Vanguard Group Inc boosted its stake in shares of BB&T by 1.6% in the 3rd quarter. Vanguard Group Inc now owns 59,282,776 shares of the insurance provider’s stock valued at $2,877,586,000 after purchasing an additional 939,154 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of BB&T by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 59,282,776 shares of the insurance provider’s stock valued at $2,877,586,000 after purchasing an additional 939,154 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of BB&T by 6.8% in the 3rd quarter. Macquarie Group Ltd. now owns 14,406,134 shares of the insurance provider’s stock valued at $699,273,000 after purchasing an additional 920,792 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of BB&T by 10.5% in the 3rd quarter. American Century Companies Inc. now owns 9,054,595 shares of the insurance provider’s stock valued at $439,510,000 after purchasing an additional 861,733 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of BB&T by 22.2% in the 3rd quarter. Morgan Stanley now owns 3,303,221 shares of the insurance provider’s stock valued at $160,338,000 after purchasing an additional 599,074 shares in the last quarter. Institutional investors own 64.03% of the company’s stock.
BBT has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of BB&T from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Tuesday, October 23rd. B. Riley set a $56.00 target price on shares of BB&T and gave the company a “buy” rating in a research note on Monday, October 15th. Argus reaffirmed a “buy” rating on shares of BB&T in a report on Friday, January 18th. Bank of America raised BB&T from a “neutral” rating to a “buy” rating and set a $50.46 price target for the company in a report on Friday. Finally, Barclays lifted their price target on BB&T from $58.00 to $59.00 and gave the company an “equal weight” rating in a report on Wednesday, January 2nd. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. BB&T currently has an average rating of “Buy” and a consensus price target of $54.04.
BB&T stock opened at $50.24 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.89 and a quick ratio of 0.88. BB&T Co. has a 12-month low of $40.68 and a 12-month high of $56.31. The stock has a market capitalization of $38.72 billion, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 1.09 and a beta of 1.12.
BB&T (NYSE:BBT) last released its quarterly earnings results on Thursday, January 17th. The insurance provider reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.01. BB&T had a return on equity of 12.13% and a net margin of 24.15%. The business had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the previous year, the business posted $0.83 earnings per share. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, sell-side analysts predict that BB&T Co. will post 4.35 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Wednesday, February 13th will be issued a $0.405 dividend. The ex-dividend date of this dividend is Tuesday, February 12th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.22%. BB&T’s dividend payout ratio is 40.00%.
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BB&T Corporation operates as a financial holding company that provides various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals. The company operates through four segments: CB-Retail, CB-Commercial, IH&PF, and FS&CF. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.
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