Nisa Investment Advisors LLC Raises Holdings in BB&T Co. (BBT)

Nisa Investment Advisors LLC raised its position in BB&T Co. (NYSE:BBT) by 3.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 318,829 shares of the insurance provider’s stock after buying an additional 9,195 shares during the quarter. Nisa Investment Advisors LLC’s holdings in BB&T were worth $15,476,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Toronto Dominion Bank grew its holdings in BB&T by 19.2% in the 2nd quarter. Toronto Dominion Bank now owns 503,426 shares of the insurance provider’s stock valued at $25,387,000 after buying an additional 81,234 shares in the last quarter. Ferguson Wellman Capital Management Inc. grew its holdings in BB&T by 3.1% in the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 304,053 shares of the insurance provider’s stock valued at $15,336,000 after buying an additional 9,097 shares in the last quarter. Unigestion Holding SA acquired a new position in BB&T in the 2nd quarter valued at $17,754,000. Strs Ohio grew its holdings in BB&T by 3.3% in the 2nd quarter. Strs Ohio now owns 942,393 shares of the insurance provider’s stock valued at $47,534,000 after buying an additional 29,812 shares in the last quarter. Finally, Cypress Capital Group grew its holdings in BB&T by 62.7% in the 2nd quarter. Cypress Capital Group now owns 10,225 shares of the insurance provider’s stock valued at $516,000 after buying an additional 3,940 shares in the last quarter. 64.75% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:BBT opened at $48.28 on Friday. The firm has a market cap of $36.95 billion, a PE ratio of 13.25, a P/E/G ratio of 1.17 and a beta of 1.05. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.90. BB&T Co. has a fifty-two week low of $44.62 and a fifty-two week high of $56.31.

BB&T (NYSE:BBT) last released its earnings results on Thursday, October 18th. The insurance provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. BB&T had a return on equity of 11.02% and a net margin of 22.53%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the prior year, the company posted $0.74 EPS. The company’s revenue was up 1.6% compared to the same quarter last year. On average, research analysts expect that BB&T Co. will post 4 earnings per share for the current year.

In related news, insider Donta L. Wilson sold 3,018 shares of the company’s stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $51.55, for a total transaction of $155,577.90. Following the completion of the sale, the insider now directly owns 14,911 shares in the company, valued at approximately $768,662.05. The sale was disclosed in a filing with the SEC, which is available through this link. 0.51% of the stock is owned by corporate insiders.

A number of brokerages have commented on BBT. ValuEngine raised BB&T from a “sell” rating to a “hold” rating in a report on Thursday. B. Riley set a $56.00 target price on BB&T and gave the company a “buy” rating in a research report on Monday. Stephens reiterated a “buy” rating and set a $59.00 target price on shares of BB&T in a research report on Friday, July 20th. BMO Capital Markets cut their target price on BB&T from $59.00 to $58.00 and set an “outperform” rating for the company in a research report on Friday, July 20th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $52.00 target price on shares of BB&T in a research report on Friday, July 20th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $54.63.

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

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