BB&T Co. (BBT) Holdings Lifted by LaFleur & Godfrey LLC

LaFleur & Godfrey LLC boosted its stake in shares of BB&T Co. (NYSE:BBT) by 0.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 180,317 shares of the insurance provider’s stock after purchasing an additional 548 shares during the period. BB&T makes up approximately 2.2% of LaFleur & Godfrey LLC’s portfolio, making the stock its 18th biggest holding. LaFleur & Godfrey LLC’s holdings in BB&T were worth $8,390,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Abacus Planning Group Inc. grew its holdings in BB&T by 3.8% during the 4th quarter. Abacus Planning Group Inc. now owns 5,614 shares of the insurance provider’s stock worth $243,000 after acquiring an additional 208 shares in the last quarter. Wellington Shields Capital Management LLC boosted its holdings in shares of BB&T by 3.3% in the 4th quarter. Wellington Shields Capital Management LLC now owns 6,970 shares of the insurance provider’s stock valued at $302,000 after buying an additional 220 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in shares of BB&T by 1.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,505 shares of the insurance provider’s stock valued at $585,000 after buying an additional 231 shares during the period. IHT Wealth Management LLC boosted its holdings in shares of BB&T by 3.2% in the 4th quarter. IHT Wealth Management LLC now owns 7,501 shares of the insurance provider’s stock valued at $325,000 after buying an additional 234 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of BB&T by 2.0% in the 4th quarter. Van ECK Associates Corp now owns 12,400 shares of the insurance provider’s stock valued at $537,000 after buying an additional 238 shares during the period. 65.07% of the stock is currently owned by institutional investors.

NYSE BBT opened at $49.50 on Friday. The company has a market capitalization of $37.91 billion, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 1.25 and a beta of 1.16. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.87 and a current ratio of 0.88. BB&T Co. has a 12 month low of $40.68 and a 12 month high of $56.03.

BB&T (NYSE:BBT) last released its earnings results on Thursday, April 18th. The insurance provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.02. BB&T had a net margin of 23.68% and a return on equity of 12.16%. The business had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the firm posted $0.94 earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, research analysts expect that BB&T Co. will post 4.32 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Tuesday, May 14th. BB&T’s payout ratio is presently 40.00%.

Several research analysts have recently commented on BBT shares. Bank of America raised shares of BB&T from a “neutral” rating to a “buy” rating and set a $50.46 price target for the company in a report on Friday, February 8th. Odeon Capital Group began coverage on shares of BB&T in a research note on Friday, March 8th. They set a “buy” rating for the company. ValuEngine lowered shares of BB&T from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Deutsche Bank raised shares of BB&T from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Monday, March 25th. Finally, BMO Capital Markets boosted their price target on shares of BB&T from $52.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, February 11th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $53.49.

In related news, Director Patrick C. Graney III acquired 3,890 shares of the stock in a transaction that occurred on Thursday, February 28th. The shares were purchased 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 owns 11,456 shares of the company’s stock, valued at approximately $584,714.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director K. David Jr. Boyer sold 2,289 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $51.57, for a total transaction of $118,043.73. The disclosure for this sale can be found here. Insiders have sold 7,229 shares of company stock worth $366,432 over the last ninety days. 0.49% of the stock is currently owned by insiders.

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About BB&T

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.

See Also: Compound Annual Growth Rate (CAGR)

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

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