BB&T Co. (BBT) Shares Bought by Marietta Wealth Management LLC
Marietta Wealth Management LLC grew its position in shares of BB&T Co. (NYSE:BBT) by 5.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 60,964 shares of the insurance provider’s stock after purchasing an additional 3,038 shares during the period. Marietta Wealth Management LLC’s holdings in BB&T were worth $2,641,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Financial Advantage Inc. bought a new stake in shares of BB&T in the 4th quarter worth approximately $27,000. Transamerica Financial Advisors Inc. boosted its position in shares of BB&T by 620.5% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 807 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 695 shares in the last quarter. IMS Capital Management bought a new stake in shares of BB&T in the 3rd quarter worth approximately $39,000. We Are One Seven LLC bought a new stake in shares of BB&T in the 4th quarter worth approximately $39,000. Finally, Financial Gravity Companies Inc. bought a new stake in shares of BB&T in the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 64.39% of the company’s stock.
A number of analysts have recently commented on the company. BMO Capital Markets boosted their price target on BB&T from $52.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday. Zacks Investment Research raised BB&T from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Tuesday, October 23rd. FIG Partners raised BB&T from a “market perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a research report on Friday. ValuEngine raised BB&T from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Bank of America raised BB&T from a “neutral” rating to a “buy” rating and set a $50.46 price target on the stock in a research report on Friday. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $53.96.
BBT stock opened at $50.34 on Monday. The company has a market capitalization of $38.72 billion, a P/E ratio of 12.43, a price-to-earnings-growth ratio of 1.09 and a beta of 1.12. BB&T Co. has a 12-month low of $40.68 and a 12-month high of $56.31. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.87.
BB&T (NYSE:BBT) last released its quarterly earnings data on Thursday, January 17th. The insurance provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.01. The business had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.98 billion. BB&T had a return on equity of 12.13% and a net margin of 24.15%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 EPS. As a group, analysts forecast that BB&T Co. will post 4.35 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Wednesday, February 13th will be given a $0.405 dividend. The ex-dividend date of this dividend is Tuesday, February 12th. This represents a $1.62 annualized dividend and a yield of 3.22%. BB&T’s dividend payout ratio (DPR) is presently 40.00%.
BB&T Company Profile
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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