BB&T Corporation (NYSE:BBT) insider Christopher L. Henson sold 42,233 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $47.56, for a total value of $2,008,601.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

BB&T Corporation (NYSE BBT) traded up 0.36% during midday trading on Tuesday, hitting $47.58. The stock had a trading volume of 4,044,522 shares. The stock has a market cap of $38.45 billion, a PE ratio of 17.76 and a beta of 1.07. The firm has a 50 day moving average price of $45.94 and a 200 day moving average price of $44.98. BB&T Corporation has a one year low of $38.23 and a one year high of $49.88.

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

BB&T Corporation declared that its board has approved a stock repurchase plan on Wednesday, June 28th that authorizes the company to buyback $1.88 billion in outstanding shares. This buyback authorization authorizes the insurance provider to purchase up to 5.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Thursday, November 9th. BB&T Corporation’s dividend payout ratio is currently 49.07%.

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Several institutional investors have recently bought and sold shares of the company. Trust Co. of Vermont grew its holdings in shares of BB&T Corporation by 5.9% during the 3rd quarter. Trust Co. of Vermont now owns 66,256 shares of the insurance provider’s stock valued at $3,110,000 after acquiring an additional 3,717 shares in the last quarter. TIAA FSB grew its holdings in shares of BB&T Corporation by 9.0% during the 3rd quarter. TIAA FSB now owns 28,891 shares of the insurance provider’s stock valued at $1,356,000 after acquiring an additional 2,383 shares in the last quarter. Xact Kapitalforvaltning AB grew its holdings in shares of BB&T Corporation by 4.6% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 81,295 shares of the insurance provider’s stock valued at $3,816,000 after acquiring an additional 3,548 shares in the last quarter. Reliance Trust Co. of Delaware grew its holdings in shares of BB&T Corporation by 15.7% during the 3rd quarter. Reliance Trust Co. of Delaware now owns 18,702 shares of the insurance provider’s stock valued at $878,000 after acquiring an additional 2,538 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of BB&T Corporation during the 3rd quarter valued at $451,000. Institutional investors and hedge funds own 64.28% of the company’s stock.

Several analysts have commented on BBT shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $49.00 price objective on shares of BB&T Corporation in a research note on Friday, July 14th. Hilliard Lyons downgraded BB&T Corporation from a “buy” rating to a “hold” rating and set a $51.00 price objective for the company. in a research note on Friday, July 21st. BMO Capital Markets reissued a “hold” rating and set a $48.00 target price on shares of BB&T Corporation in a research note on Friday, June 30th. Citigroup Inc. reissued a “neutral” rating and set a $49.00 target price (up from $47.00) on shares of BB&T Corporation in a research note on Monday, October 9th. Finally, Robert W. Baird reissued a “hold” rating and set a $45.00 target price on shares of BB&T Corporation in a research note on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the stock. BB&T Corporation presently has a consensus rating of “Hold” and a consensus price target of $49.18.

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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