BB&T Corporation (NYSE:BBT) Chairman Kelly S. King sold 66,372 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $47.53, for a total value of $3,154,661.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

BB&T Corporation (NYSE BBT) traded up 0.36% during midday trading on Tuesday, reaching $47.58. The company’s stock had a trading volume of 4,044,522 shares. The stock’s 50-day moving average price is $45.94 and its 200 day moving average price is $44.98. BB&T Corporation has a 1-year low of $38.23 and a 1-year high of $49.88. The firm has a market capitalization of $38.45 billion, a PE ratio of 17.76 and a beta of 1.07.

BB&T Corporation (NYSE:BBT) last announced its earnings results on Thursday, October 19th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.85 billion. BB&T Corporation had a return on equity of 9.64% and a net margin of 19.42%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 EPS. Equities analysts anticipate that BB&T Corporation will post $2.78 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be given a $0.33 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.77%. BB&T Corporation’s dividend payout ratio (DPR) is presently 49.07%.

BB&T Corporation announced that its Board of Directors has initiated a share repurchase plan on Wednesday, June 28th that permits the company to repurchase $1.88 billion in shares. This repurchase authorization permits the insurance provider to repurchase up to 5.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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Several analysts recently weighed in on the company. Piper Jaffray Companies restated a “hold” rating and set a $48.00 price target on shares of BB&T Corporation in a report on Sunday. Royal Bank Of Canada restated a “buy” rating and set a $50.00 price target on shares of BB&T Corporation in a report on Friday. BMO Capital Markets increased their price target on BB&T Corporation from $48.00 to $49.00 and gave the company a “market perform” rating in a report on Friday. Morgan Stanley increased their price target on BB&T Corporation from $47.00 to $50.00 and gave the company an “underweight” rating in a report on Friday. Finally, FBR & Co set a $48.00 price target on BB&T Corporation and gave the company a “hold” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $49.18.

Several hedge funds and other institutional investors have recently made changes to their positions in BBT. Legal & General Group Plc raised its stake in BB&T Corporation by 3.4% during the 1st quarter. Legal & General Group Plc now owns 3,892,901 shares of the insurance provider’s stock valued at $174,020,000 after acquiring an additional 126,549 shares during the last quarter. HRT Financial LLC raised its stake in BB&T Corporation by 26.2% during the 1st quarter. HRT Financial LLC now owns 9,179 shares of the insurance provider’s stock valued at $410,000 after acquiring an additional 1,908 shares during the last quarter. Bank of America Corp DE raised its stake in BB&T Corporation by 0.3% during the 1st quarter. Bank of America Corp DE now owns 12,766,336 shares of the insurance provider’s stock valued at $570,655,000 after acquiring an additional 43,867 shares during the last quarter. Shelter Mutual Insurance Co raised its stake in BB&T Corporation by 145.5% during the 2nd quarter. Shelter Mutual Insurance Co now owns 84,200 shares of the insurance provider’s stock valued at $3,823,000 after acquiring an additional 49,900 shares during the last quarter. Finally, Probity Advisors Inc. raised its stake in BB&T Corporation by 16.3% during the 1st quarter. Probity Advisors Inc. now owns 23,684 shares of the insurance provider’s stock valued at $1,059,000 after acquiring an additional 3,323 shares during the last quarter. 64.28% of the stock is owned by hedge funds and other institutional investors.

BB&T Corporation 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.

Insider Buying and Selling by Quarter for BB&T Corporation (NYSE:BBT)

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