Several other research analysts have also recently weighed in on the stock. Jefferies Group LLC restated a hold rating and set a $49.00 price target on shares of BB&T Co. in a report on Wednesday, April 5th. FBR & Co restated a hold rating on shares of BB&T Co. in a report on Friday. Barclays PLC boosted their price target on shares of BB&T Co. from $40.00 to $51.00 and gave the stock an equal weight rating in a report on Tuesday, January 3rd. Royal Bank of Canada restated a buy rating and set a $50.00 price target on shares of BB&T Co. in a report on Tuesday, April 4th. Finally, FIG Partners restated an outperform rating and set a $53.00 price target (up from $47.00) on shares of BB&T Co. in a report on Friday, December 23rd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $44.92.
BB&T Co. (NYSE:BBT) traded down 0.96% during mid-day trading on Thursday, hitting $43.25. 3,007,824 shares of the company were exchanged. The company’s 50-day moving average is $45.34 and its 200 day moving average is $44.52. The company has a market capitalization of $34.96 billion, a P/E ratio of 15.61 and a beta of 1.05. BB&T Co. has a 12-month low of $32.85 and a 12-month high of $49.88.
BB&T Co. (NYSE:BBT) last posted its earnings results on Thursday, April 20th. The insurance provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. The company earned $2.78 billion during the quarter, compared to the consensus estimate of $2.80 billion. BB&T Co. had a net margin of 20.65% and a return on equity of 9.37%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 earnings per share. Analysts expect that BB&T Co. will post $3.10 EPS for the current year.
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In other news, EVP W Bennett Bradley sold 26,864 shares of the business’s stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $45.39, for a total value of $1,219,356.96. Following the sale, the executive vice president now owns 29,825 shares of the company’s stock, valued at $1,353,756.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Barbara F. Duck sold 160,595 shares of the business’s stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $45.28, for a total transaction of $7,271,741.60. Following the completion of the sale, the insider now directly owns 137,152 shares in the company, valued at approximately $6,210,242.56. The disclosure for this sale can be found here. In the last three months, insiders sold 532,930 shares of company stock worth $24,248,679. Insiders own 0.88% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Dodge & Cox acquired a new stake in BB&T Co. during the fourth quarter valued at about $996,945,000. Norges Bank purchased a new stake in BB&T Co. during the fourth quarter worth $266,182,000. State Street Corp raised its stake in BB&T Co. by 9.1% in the fourth quarter. State Street Corp now owns 40,097,333 shares of the insurance provider’s stock worth $1,885,369,000 after buying an additional 3,351,525 shares during the period. Epoch Investment Partners Inc. purchased a new stake in BB&T Co. during the third quarter worth $86,677,000. Finally, Janus Capital Management LLC raised its stake in BB&T Co. by 1,228.2% in the fourth quarter. Janus Capital Management LLC now owns 2,271,227 shares of the insurance provider’s stock worth $106,793,000 after buying an additional 2,100,227 shares during the period. 64.13% of the stock is currently owned by institutional investors.
About BB&T Co.
BB&T Corporation is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Banking and Trust Company (Branch Bank), and other nonbank subsidiaries. Its segments include Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Holdings and Financial Services.
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