Rehmann Capital Advisory Group Grows Holdings in BB&T Co. (BBT)

Rehmann Capital Advisory Group raised its stake in BB&T Co. (NYSE:BBT) by 3.5% during the 3rd quarter, Holdings Channel reports. The firm owned 22,345 shares of the insurance provider’s stock after buying an additional 751 shares during the period. Rehmann Capital Advisory Group’s holdings in BB&T were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in BBT. V Wealth Management LLC bought a new stake in shares of BB&T in the third quarter valued at about $587,000. Toronto Dominion Bank boosted its position in shares of BB&T by 19.2% in the second quarter. Toronto Dominion Bank now owns 503,426 shares of the insurance provider’s stock valued at $25,387,000 after acquiring an additional 81,234 shares during the period. Ferguson Wellman Capital Management Inc. boosted its position in shares of BB&T by 3.1% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 304,053 shares of the insurance provider’s stock valued at $15,336,000 after acquiring an additional 9,097 shares during the period. Motco boosted its position in shares of BB&T by 1.4% in the third quarter. Motco now owns 76,226 shares of the insurance provider’s stock valued at $3,700,000 after acquiring an additional 1,061 shares during the period. Finally, Strs Ohio boosted its position in shares of BB&T by 3.3% in the second quarter. Strs Ohio now owns 942,393 shares of the insurance provider’s stock valued at $47,534,000 after acquiring an additional 29,812 shares during the period. Hedge funds and other institutional investors own 64.07% of the company’s stock.

A number of equities research analysts have recently issued reports on BBT shares. Zacks Investment Research raised shares of BB&T from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Tuesday, October 23rd. B. Riley set a $56.00 target price on shares of BB&T and gave the company a “buy” rating in a research report on Monday, October 15th. ValuEngine raised shares of BB&T from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. Finally, BMO Capital Markets reduced their target price on shares of BB&T from $58.00 to $57.00 and set an “outperform” rating for the company in a research report on Friday, October 19th. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $55.44.

BBT opened at $47.66 on Friday. BB&T Co. has a twelve month low of $45.93 and a twelve month high of $56.31. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87. The stock has a market cap of $37.10 billion, a P/E ratio of 15.18, a PEG ratio of 1.13 and a beta of 0.95.

BB&T (NYSE:BBT) last posted its quarterly earnings data on Thursday, October 18th. The insurance provider reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.01. BB&T had a net margin of 23.52% and a return on equity of 11.66%. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter in the prior year, the business posted $0.74 earnings per share. BB&T’s revenue was up 1.6% compared to the same quarter last year. As a group, analysts anticipate that BB&T Co. will post 4.05 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Friday, November 9th were given a dividend of $0.405 per share. The ex-dividend date was Thursday, November 8th. This represents a $1.62 annualized dividend and a yield of 3.40%. BB&T’s dividend payout ratio is 51.59%.

In other news, Director Patrick C. Graney III acquired 4,200 shares of the business’s stock in a transaction that occurred on Thursday, December 6th. The stock was acquired at an average price of $47.56 per share, with a total value of $199,752.00. Following the completion of the transaction, the director now directly owns 4,200 shares of the company’s stock, valued at approximately $199,752. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nido R. Qubein sold 2,825 shares of the company’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $50.19, for a total transaction of $141,786.75. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company’s stock.

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About BB&T

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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