Shell Asset Management Co. Has $2.26 Million Holdings in BB&T Co. (BBT)

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Shell Asset Management Co. raised its stake in BB&T Co. (NYSE:BBT) by 4.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,462 shares of the insurance provider’s stock after purchasing an additional 2,106 shares during the period. Shell Asset Management Co.’s holdings in BB&T were worth $2,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of BBT. Financial Advantage Inc. purchased a new position in BB&T in the fourth quarter valued at about $27,000. Athena Capital Advisors LLC acquired a new stake in BB&T in the fourth quarter worth about $28,000. Sontag Advisory LLC acquired a new stake in BB&T in the fourth quarter worth about $28,000. Truvestments Capital LLC acquired a new stake in BB&T in the first quarter worth about $30,000. Finally, Destination Wealth Management boosted its holdings in BB&T by 375.0% in the fourth quarter. Destination Wealth Management now owns 722 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 570 shares in the last quarter. Institutional investors own 67.65% of the company’s stock.

Shares of NYSE BBT opened at $48.33 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.88 and a quick ratio of 0.87. 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 Co. has a fifty-two week low of $40.68 and a fifty-two week high of $54.98.

BB&T (NYSE:BBT) last released its earnings results on Thursday, April 18th. The insurance provider reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate 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 the consensus estimate of $2.94 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The company’s revenue was up 3.0% compared to the same quarter last year. On average, equities analysts anticipate that BB&T Co. will post 4.3 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Tuesday, May 14th. BB&T’s dividend payout ratio (DPR) is 40.00%.

In related news, insider Donta L. Wilson sold 3,418 shares of BB&T stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $49.16, for a total transaction of $168,028.88. Following the completion of the sale, the insider now owns 14,911 shares of the company’s stock, valued at $733,024.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Cynthia B. Powell sold 2,651 shares of BB&T stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $49.22, for a total value of $130,482.22. The disclosure for this sale can be found here. Insiders have sold 8,358 shares of company stock valued at $416,417 in the last ninety days. Corporate insiders own 0.49% of the company’s stock.

Several equities research analysts have weighed in on BBT shares. Odeon Capital Group started coverage on BB&T in a report on Friday, March 8th. They issued a “buy” rating for the company. Morgan Stanley lowered their price target on BB&T from $56.00 to $53.00 and set an “equal weight” rating for the company in a report on Monday, April 22nd. Bank of America raised BB&T from a “neutral” rating to a “buy” rating and set a $50.46 price target for the company in a report on Friday, February 8th. Stephens downgraded BB&T from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 6th. Finally, Deutsche Bank downgraded BB&T from a “buy” rating to a “hold” rating and set a $45.39 price target for the company. in a report on Tuesday, March 26th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $53.49.

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BB&T Company 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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