Quantitative Investment Management LLC bought a new stake in shares of BB&T Co. (NYSE:BBT) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 126,600 shares of the insurance provider’s stock, valued at approximately $6,294,000.
A number of other large investors also recently added to or reduced their stakes in BBT. Delpha Capital Management LLC acquired a new position in BB&T during the 4th quarter valued at $106,000. Kistler Tiffany Companies LLC raised its stake in BB&T by 102.6% during the 4th quarter. Kistler Tiffany Companies LLC now owns 2,356 shares of the insurance provider’s stock valued at $117,000 after purchasing an additional 1,193 shares during the last quarter. Shamrock Asset Management LLC acquired a new position in BB&T during the 4th quarter valued at $123,000. Cerebellum GP LLC acquired a new position in BB&T during the 4th quarter valued at $123,000. Finally, Front Row Advisors LLC acquired a new position in BB&T during the 4th quarter valued at $142,000. Hedge funds and other institutional investors own 63.98% of the company’s stock.
Shares of BB&T Co. (BBT) opened at $55.60 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.89. BB&T Co. has a fifty-two week low of $41.17 and a fifty-two week high of $56.31. The firm has a market cap of $43,607.67, a PE ratio of 17.84, a PEG ratio of 1.29 and a beta of 1.03.
The company also recently announced a None dividend, which will be paid on Tuesday, March 20th. Stockholders 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%.
In other news, Director K. David Jr. Boyer sold 2,500 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $55.03, for a total value of $137,575.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director I. Patricia Henry sold 2,825 shares of the company’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $55.20, for a total transaction of $155,940.00. Following the completion of the sale, the director now directly owns 4,375 shares in the company, valued at approximately $241,500. The disclosure for this sale can be found here. In the last ninety days, insiders sold 170,078 shares of company stock worth $9,316,414. 0.36% of the stock is owned by insiders.
Several equities analysts recently commented on BBT shares. Citigroup upgraded shares of BB&T from a “market perform” rating to an “outperform” rating and set a $58.00 target price for the company in a research note on Tuesday, January 9th. Morgan Stanley upgraded shares of BB&T from an “underweight” rating to an “equal weight” rating and set a $50.00 target price for the company in a research note on Monday, January 8th. Raymond James Financial upgraded shares of BB&T from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 9th. Piper Jaffray Companies reiterated a “hold” rating and set a $53.00 target price on shares of BB&T in a research note on Tuesday, January 9th. Finally, ValuEngine raised shares of BB&T from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Fifteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. BB&T presently has a consensus rating of “Hold” and an average price target of $53.81.
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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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