UBS Asset Management Americas Inc. grew its position in shares of BB&T Co. (NYSE:BBT) by 2.6% in the 4th quarter, Holdings Channel reports. The fund owned 2,385,294 shares of the insurance provider’s stock after buying an additional 59,689 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in BB&T were worth $118,597,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Heartland Advisors Inc. raised its stake in shares of BB&T by 0.5% during the fourth quarter. Heartland Advisors Inc. now owns 206,738 shares of the insurance provider’s stock valued at $10,279,000 after acquiring an additional 952 shares during the last quarter. Bessemer Group Inc. raised its stake in BB&T by 14.3% in the fourth quarter. Bessemer Group Inc. now owns 7,712 shares of the insurance provider’s stock worth $383,000 after buying an additional 962 shares in the last quarter. Mcmillion Capital Management Inc. raised its stake in BB&T by 1.3% in the fourth quarter. Mcmillion Capital Management Inc. now owns 80,869 shares of the insurance provider’s stock worth $4,021,000 after buying an additional 1,015 shares in the last quarter. Strategic Financial Services Inc raised its stake in BB&T by 1.0% in the third quarter. Strategic Financial Services Inc now owns 113,445 shares of the insurance provider’s stock worth $5,325,000 after buying an additional 1,085 shares in the last quarter. Finally, Penobscot Investment Management Company Inc. raised its stake in BB&T by 1.7% in the third quarter. Penobscot Investment Management Company Inc. now owns 72,104 shares of the insurance provider’s stock worth $3,385,000 after buying an additional 1,190 shares in the last quarter. 65.19% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently issued reports on BBT. BMO Capital Markets raised shares of BB&T from a “market perform” rating to an “outperform” rating and set a $49.00 price target for the company in a research note on Friday, February 9th. They noted that the move was a valuation call. JPMorgan Chase & Co. increased their price target on shares of BB&T from $48.50 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. ValuEngine upgraded shares of BB&T from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. B. Riley restated a “hold” rating and issued a $55.00 price objective on shares of BB&T in a report on Thursday, January 18th. Finally, Oppenheimer restated a “hold” rating on shares of BB&T in a report on Thursday, January 18th. Fifteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $53.52.
BB&T Co. (NYSE BBT) opened at $54.96 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.87 and a quick ratio of 0.86. BB&T Co. has a 52-week low of $41.17 and a 52-week high of $55.99. The firm has a market cap of $42,979.05, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 1.28 and a beta of 1.06.
BB&T (NYSE:BBT) last released its quarterly earnings results on Thursday, January 18th. The insurance provider reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.04. BB&T had a net margin of 19.25% and a return on equity of 9.93%. The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same period last year, the firm earned $0.72 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. sell-side analysts predict that BB&T Co. will post 3.9 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 9th will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, February 8th. This represents a $1.32 annualized dividend and a dividend yield of 2.40%. BB&T’s payout ratio is 48.18%.
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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.
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