Laurel Wealth Advisors LLC grew its holdings in BB&T Co. (NYSE:BBT) by 2.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,863 shares of the insurance provider’s stock after acquiring an additional 597 shares during the period. Laurel Wealth Advisors LLC’s holdings in BB&T were worth $1,296,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Morgan Stanley grew its stake in shares of BB&T by 22.2% during the third quarter. Morgan Stanley now owns 3,303,221 shares of the insurance provider’s stock worth $160,338,000 after purchasing an additional 599,074 shares during the period. Vanguard Group Inc grew its stake in shares of BB&T by 1.6% during the third quarter. Vanguard Group Inc now owns 59,282,776 shares of the insurance provider’s stock worth $2,877,586,000 after purchasing an additional 939,154 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of BB&T by 8.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 59,153 shares of the insurance provider’s stock worth $2,563,000 after purchasing an additional 4,761 shares during the period. Calamos Advisors LLC grew its stake in shares of BB&T by 17.6% during the fourth quarter. Calamos Advisors LLC now owns 143,387 shares of the insurance provider’s stock worth $6,212,000 after purchasing an additional 21,464 shares during the period. Finally, We Are One Seven LLC acquired a new stake in shares of BB&T during the fourth quarter worth $39,000. Institutional investors and hedge funds own 67.65% of the company’s stock.
A number of brokerages recently commented on BBT. Morgan Stanley decreased their price objective on BB&T from $56.00 to $53.00 and set an “equal weight” rating for the company in a research note on Monday, April 22nd. ValuEngine raised BB&T from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. FIG Partners raised BB&T from a “market perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research note on Friday, February 8th. Raymond James cut BB&T from an “outperform” rating to a “market perform” rating and set a $48.49 price objective for the company. in a research note on Thursday, April 4th. Finally, Deutsche Bank raised BB&T from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Monday, March 25th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. BB&T has an average rating of “Hold” and a consensus price target of $53.49.
NYSE:BBT opened at $48.33 on Friday. BB&T Co. has a 1 year low of $40.68 and a 1 year high of $54.98. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $37.02 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 1.20 and a beta of 1.16.
BB&T (NYSE:BBT) last posted its earnings results on Thursday, April 18th. The insurance provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. BB&T had a return on equity of 12.16% and a net margin of 23.68%. The firm had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the firm earned $0.94 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. As a group, equities research analysts anticipate that BB&T Co. will post 4.3 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be paid a $0.405 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.62 dividend on an annualized basis and a yield of 3.35%. BB&T’s payout ratio is 40.00%.
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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.
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