BB&T Corporation (BBT) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. cut its position in BB&T Corporation (NYSE:BBT) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,659 shares of the insurance provider’s stock after selling 1,561 shares during the period. Brown Advisory Inc.’s holdings in BB&T were worth $4,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. First Merchants Corp boosted its stake in shares of BB&T by 9.1% in the third quarter. First Merchants Corp now owns 80,743 shares of the insurance provider’s stock worth $3,790,000 after acquiring an additional 6,753 shares during the last quarter. Shelter Mutual Insurance Co boosted its stake in shares of BB&T by 145.5% in the second quarter. Shelter Mutual Insurance Co now owns 84,200 shares of the insurance provider’s stock worth $3,823,000 after acquiring an additional 49,900 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of BB&T by 8.3% in the second quarter. Pacer Advisors Inc. now owns 18,866 shares of the insurance provider’s stock worth $857,000 after acquiring an additional 1,450 shares during the last quarter. Motco lifted its position in BB&T by 2.0% during the second quarter. Motco now owns 71,991 shares of the insurance provider’s stock worth $3,269,000 after buying an additional 1,386 shares in the last quarter. Finally, Newman Dignan & Sheerar Inc. lifted its position in BB&T by 11.1% during the second quarter. Newman Dignan & Sheerar Inc. now owns 22,146 shares of the insurance provider’s stock worth $1,006,000 after buying an additional 2,212 shares in the last quarter. 65.20% of the stock is currently owned by hedge funds and other institutional investors.

In other BB&T news, insider Donna C. Goodrich sold 26,869 shares of BB&T stock in a transaction on 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 sale, the insider now owns 78,589 shares in the company, valued at $3,861,077.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donna C. Goodrich sold 10,799 shares of BB&T stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $46.77, for a total value of $505,069.23. Following the completion of the sale, the insider now owns 47,182 shares in the company, valued at approximately $2,206,702.14. The disclosure for this sale can be found here. Insiders sold 182,150 shares of company stock worth $8,712,859 in the last 90 days. Company insiders own 0.36% of the company’s stock.

Shares of BB&T Corporation (NYSE BBT) opened at $49.81 on Wednesday. BB&T Corporation has a 1 year low of $41.17 and a 1 year high of $51.11. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $39,635.39, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of 2.31 and a beta of 0.99.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 10th were given a $0.33 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $1.32 dividend on an annualized basis and a yield of 2.65%. BB&T’s dividend payout ratio is currently 49.07%.

A number of brokerages recently commented on BBT. BidaskClub upgraded BB&T from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. FBR & Co set a $48.00 price objective on BB&T and gave the stock a “hold” rating in a research report on Friday, October 20th. Wells Fargo & Company began coverage on BB&T in a research report on Wednesday, August 9th. They set a “market perform” rating and a $44.00 price objective on the stock. Stephens upgraded BB&T from an “equal weight” rating to an “overweight” rating and set a $53.00 price objective on the stock in a research report on Thursday, October 5th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $48.00 price objective on shares of BB&T in a research report on Sunday, October 22nd. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company’s stock. BB&T presently has a consensus rating of “Hold” and a consensus price target of $49.24.

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BB&T 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 (NYSE:BBT)

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