BB&T Corporation (BBT) Insider Sells $505,069.23 in Stock

BB&T Corporation (NYSE:BBT) insider Donna C. Goodrich sold 10,799 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $46.77, for a total transaction of $505,069.23. Following the transaction, the insider now directly owns 47,182 shares of the company’s stock, valued at approximately $2,206,702.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BB&T Corporation (NYSE:BBT) traded up $0.30 during trading on Thursday, hitting $49.42. 9,456,288 shares of the stock traded hands, compared to its average volume of 4,343,698. BB&T Corporation has a 52 week low of $41.17 and a 52 week high of $50.12. The firm has a market capitalization of $37,497.41, a price-to-earnings ratio of 15.69, a P/E/G ratio of 2.19 and a beta of 1.00. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.78.

BB&T (NYSE:BBT) last released its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.78. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. BB&T had a net margin of 19.42% and a return on equity of 9.64%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 earnings per share. sell-side analysts forecast that BB&T Corporation will post 3.1 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $1.32 annualized dividend and a dividend yield of 2.67%. BB&T’s dividend payout ratio (DPR) is presently 49.07%.

Several brokerages recently commented on BBT. BidaskClub raised shares of BB&T from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Wells Fargo & Company began coverage on shares of BB&T in a research report on Wednesday, August 9th. They set a “market perform” rating and a $44.00 price target for the company. Macquarie raised shares of BB&T from an “underperform” rating to a “neutral” rating and set a $47.00 price target for the company in a research report on Friday, August 4th. J P Morgan Chase & Co increased their price objective on shares of BB&T from $48.50 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Finally, BMO Capital Markets increased their price objective on shares of BB&T from $48.00 to $49.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company. BB&T currently has a consensus rating of “Hold” and an average price target of $49.17.

Several hedge funds have recently made changes to their positions in BBT. Janus Henderson Group PLC boosted its stake in shares of BB&T by 3,687.8% in the second quarter. Janus Henderson Group PLC now owns 4,085,012 shares of the insurance provider’s stock valued at $185,500,000 after purchasing an additional 3,977,166 shares during the period. Vanguard Group Inc. boosted its stake in shares of BB&T by 2.4% in the second quarter. Vanguard Group Inc. now owns 55,519,721 shares of the insurance provider’s stock valued at $2,521,151,000 after purchasing an additional 1,325,018 shares during the period. American Century Companies Inc. boosted its stake in shares of BB&T by 12.6% in the third quarter. American Century Companies Inc. now owns 8,117,000 shares of the insurance provider’s stock valued at $381,012,000 after purchasing an additional 910,225 shares during the period. Koch Industries Inc. purchased a new position in shares of BB&T in the second quarter valued at $680,000. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in shares of BB&T in the third quarter valued at $27,849,000. Institutional investors and hedge funds own 65.20% of the company’s stock.

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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.

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

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