Arbor Investment Advisors LLC Cuts Stock Position in BB&T Co. (NYSE:BBT)

Arbor Investment Advisors LLC lessened its stake in shares of BB&T Co. (NYSE:BBT) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,427 shares of the insurance provider’s stock after selling 1,261 shares during the quarter. BB&T comprises approximately 1.2% of Arbor Investment Advisors LLC’s portfolio, making the stock its 14th biggest position. Arbor Investment Advisors LLC’s holdings in BB&T were worth $3,853,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Deprince Race & Zollo Inc. raised its position in shares of BB&T by 0.6% during the 4th quarter. Deprince Race & Zollo Inc. now owns 752,516 shares of the insurance provider’s stock valued at $32,599,000 after buying an additional 4,744 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of BB&T by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 9,220,118 shares of the insurance provider’s stock valued at $398,655,000 after purchasing an additional 590,366 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of BB&T by 11.4% during the 4th quarter. MML Investors Services LLC now owns 31,825 shares of the insurance provider’s stock valued at $1,379,000 after purchasing an additional 3,251 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of BB&T by 1.9% during the 4th quarter. Nuveen Asset Management LLC now owns 21,186 shares of the insurance provider’s stock valued at $918,000 after purchasing an additional 396 shares during the last quarter. Finally, IHT Wealth Management LLC grew its holdings in shares of BB&T by 3.2% during the 4th quarter. IHT Wealth Management LLC now owns 7,501 shares of the insurance provider’s stock valued at $325,000 after purchasing an additional 234 shares during the last quarter. Institutional investors and hedge funds own 68.11% of the company’s stock.

Several equities analysts recently commented on the stock. UBS Group increased their target price on shares of Willis Towers Watson from $202.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Raymond James reaffirmed a “buy” rating on shares of Teck Resources in a report on Thursday, April 4th. JPMorgan Chase & Co. assumed coverage on shares of Pinduoduo in a report on Tuesday, July 9th. They set an “underweight” rating and a $20.48 target price on the stock. Morgan Stanley lowered shares of Silicon Motion Technology from an “equal weight” rating to an “underweight” rating in a report on Monday, April 22nd. Finally, Deutsche Bank reaffirmed a “hold” rating on shares of Tata Motors in a report on Tuesday, March 26th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. BB&T currently has an average rating of “Hold” and a consensus price target of $52.80.

In other BB&T news, VP Cynthia B. Powell sold 2,651 shares of the firm’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $49.22, for a total value of $130,482.22. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Louis B. Lynn sold 2,500 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $48.33, for a total transaction of $120,825.00. The disclosure for this sale can be found here. In the last three months, insiders sold 8,569 shares of company stock worth $419,336. Insiders own 0.49% of the company’s stock.

Shares of BBT stock traded up $0.54 on Tuesday, hitting $50.98. 3,381,400 shares of the company’s stock traded hands, compared to its average volume of 5,260,613. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.79. BB&T Co. has a one year low of $40.68 and a one year high of $53.08. The firm’s fifty day moving average is $49.52. The stock has a market cap of $38.63 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 1.28 and a beta of 1.14.

BB&T (NYSE:BBT) last announced its quarterly earnings results on Thursday, July 18th. The insurance provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.04. The business had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.01 billion. BB&T had a net margin of 23.58% and a return on equity of 12.23%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.01 EPS. As a group, equities research analysts anticipate that BB&T Co. will post 4.22 EPS for the current year.

BB&T Profile

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

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