Investors Research Corp acquired a new position in BB&T Co. (NYSE:BBT) in the 4th quarter, HoldingsChannel reports. The firm acquired 24,362 shares of the insurance provider’s stock, valued at approximately $1,211,000. BB&T accounts for approximately 0.7% of Investors Research Corp’s portfolio, making the stock its 17th largest holding.
Several other large investors also recently bought and sold shares of BBT. Heartland Advisors Inc. increased its stake in BB&T by 0.5% in the 4th quarter. Heartland Advisors Inc. now owns 206,738 shares of the insurance provider’s stock worth $10,279,000 after buying an additional 952 shares in the last quarter. Bessemer Group Inc. increased its stake in BB&T by 14.3% in the 4th quarter. Bessemer Group Inc. now owns 7,712 shares of the insurance provider’s stock worth $383,000 after buying an additional 962 shares in the last quarter. Mcmillion Capital Management Inc. increased its stake in BB&T by 1.3% in the 4th quarter. Mcmillion Capital Management Inc. now owns 80,869 shares of the insurance provider’s stock worth $4,021,000 after buying an additional 1,015 shares in the last quarter. Bank of Hawaii increased its stake in BB&T by 7.5% in the 4th quarter. Bank of Hawaii now owns 15,044 shares of the insurance provider’s stock worth $748,000 after buying an additional 1,044 shares in the last quarter. Finally, Strategic Financial Services Inc increased its stake in BB&T by 1.0% in the 3rd quarter. Strategic Financial Services Inc now owns 113,445 shares of the insurance provider’s stock worth $5,325,000 after buying an additional 1,085 shares in the last quarter. Hedge funds and other institutional investors own 65.19% of the company’s stock.
BB&T Co. (BBT) opened at $54.35 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.87 and a quick ratio of 0.86. BB&T Co. has a 1-year low of $41.17 and a 1-year high of $56.19. The company has a market cap of $42,767.12, a PE ratio of 19.84, a P/E/G ratio of 1.27 and a beta of 1.06.
The firm also recently declared a None dividend, which will be paid on Tuesday, March 20th. Investors of record on Tuesday, March 6th will be issued a $0.045 dividend. This represents a dividend yield of 2.37%. The ex-dividend date of this dividend is Monday, March 5th. BB&T’s payout ratio is 48.18%.
BBT has been the subject of a number of analyst reports. BMO Capital Markets increased their price target on BB&T to $64.00 and gave the stock a “market perform” rating in a research note on Friday, January 19th. Morgan Stanley upgraded BB&T from an “underweight” rating to an “equal weight” rating and set a $50.00 price target for the company in a research note on Monday, January 8th. Barclays raised their price objective on BB&T from $51.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Raymond James Financial upgraded BB&T from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 9th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $53.00 price objective on shares of BB&T in a research report on Tuesday, January 9th. Fifteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $53.81.
In other BB&T news, insider Cynthia B. Powell sold 8,929 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $54.51, for a total value of $486,719.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Clarke R. Starnes III sold 22,629 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $55.40, for a total transaction of $1,253,646.60. Following the completion of the sale, the insider now directly owns 107,933 shares of the company’s stock, valued at approximately $5,979,488.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 167,253 shares of company stock valued at $9,160,474. 0.36% of the stock is owned by insiders.
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BB&T Company Profile
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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