RNC Capital Management LLC increased its holdings in BB&T Co. (NYSE:BBT) by 1.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,640 shares of the insurance provider’s stock after purchasing an additional 800 shares during the period. RNC Capital Management LLC’s holdings in BB&T were worth $2,542,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Worldquant Millennium Quantitative Strategies LLC lifted its stake in BB&T by 46.0% in the fourth quarter. Worldquant Millennium Quantitative Strategies LLC now owns 41,659 shares of the insurance provider’s stock worth $1,805,000 after acquiring an additional 13,120 shares during the period. Caxton Associates LP increased its holdings in BB&T by 60.8% in the 4th quarter. Caxton Associates LP now owns 12,686 shares of the insurance provider’s stock worth $550,000 after buying an additional 4,795 shares during the period. Mackenzie Financial Corp increased its holdings in BB&T by 31.6% in the 3rd quarter. Mackenzie Financial Corp now owns 9,412 shares of the insurance provider’s stock worth $457,000 after buying an additional 2,262 shares during the period. Covington Capital Management acquired a new position in BB&T in the 4th quarter worth approximately $51,000. Finally, Rowland & Co. Investment Counsel ADV increased its holdings in BB&T by 2.1% in the 4th quarter. Rowland & Co. Investment Counsel ADV now owns 120,516 shares of the insurance provider’s stock worth $5,221,000 after buying an additional 2,427 shares during the period. Institutional investors own 65.16% of the company’s stock.

BBT stock traded down $0.86 during midday trading on Thursday, reaching $48.98. The stock had a trading volume of 78,849 shares, compared to its average volume of 6,020,114. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.88 and a current ratio of 0.89. The firm has a market capitalization of $37.82 billion, a P/E ratio of 12.09, a PEG ratio of 1.20 and a beta of 1.13. BB&T Co. has a 52-week low of $40.68 and a 52-week high of $56.03.

BB&T (NYSE:BBT) last announced its quarterly earnings data on Thursday, April 18th. The insurance provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. The company had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.94 billion. BB&T had a return on equity of 12.13% and a net margin of 24.15%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 EPS. On average, equities analysts forecast that BB&T Co. will post 4.29 earnings per share for the current year.

Several equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of BB&T from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. Deutsche Bank raised shares of BB&T from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Monday, March 25th. ValuEngine raised shares of BB&T from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. BMO Capital Markets raised their price objective on shares of BB&T from $52.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, February 11th. Finally, FIG Partners upgraded BB&T from a “market perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a research report on Friday, February 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. BB&T has an average rating of “Hold” and an average price target of $53.86.

In related news, Director K. David Jr. Boyer sold 2,289 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $51.57, for a total transaction of $118,043.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Patrick C. Graney III acquired 3,890 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The shares were acquired at an average cost of $51.04 per share, with a total value of $198,545.60. Following the completion of the transaction, the director now directly owns 11,456 shares in the company, valued at approximately $584,714.24. The disclosure for this purchase can be found here. 0.49% of the stock is owned by company insiders.

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BB&T Company Profile

BB&T Corporation, a holding company, provides banking and trust services for small and mid-size businesses, public agencies, local governments, corporations, and individuals in the Southeastern and Mid-Atlantic United States. The company operates through four segments: Community Banking Retail and Consumer Finance, Community Banking Commercial, Insurance Holdings, and Financial Services and Commercial Finance.

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

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