BB&T Co. (BBT) Insider Sells $2,656,689.00 in Stock

BB&T Co. (NYSE:BBT) insider Christopher L. Henson sold 48,524 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $54.75, for a total value of $2,656,689.00. Following the completion of the sale, the insider now directly owns 180,089 shares of the company’s stock, valued at approximately $9,859,872.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

BB&T Co. (NYSE:BBT) traded down $0.06 during mid-day trading on Monday, reaching $55.39. The company had a trading volume of 3,863,670 shares, compared to its average volume of 4,292,604. BB&T Co. has a fifty-two week low of $41.17 and a fifty-two week high of $55.85. The firm has a market capitalization of $43,362.23, a P/E ratio of 20.22, a PEG ratio of 1.43 and a beta of 0.99. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.89.

BB&T (NYSE:BBT) last released its quarterly earnings data on Thursday, January 18th. The insurance provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.86 billion. BB&T had a return on equity of 9.93% and a net margin of 19.25%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 earnings per share. research analysts predict that BB&T Co. will post 3.86 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, February 9th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Thursday, February 8th. BB&T’s payout ratio is 48.18%.

Several brokerages have recently commented on BBT. Citigroup raised BB&T from a “market perform” rating to an “outperform” rating and set a $58.00 target price for the company in a research report on Tuesday, January 9th. Sandler O’Neill set a $55.00 price objective on BB&T and gave the stock a “hold” rating in a report on Friday, January 19th. FBR & Co set a $48.00 price objective on BB&T and gave the stock a “hold” rating in a report on Friday, October 20th. Morgan Stanley upgraded BB&T from an “underweight” rating to an “equal weight” rating and set a $50.00 price objective for the company in a report on Monday, January 8th. Finally, UBS Group upgraded BB&T from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 9th. Sixteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. BB&T has a consensus rating of “Hold” and an average price target of $53.81.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. boosted its holdings in BB&T by 1.7% during the second quarter. Macquarie Group Ltd. now owns 17,133,475 shares of the insurance provider’s stock valued at $778,031,000 after purchasing an additional 291,257 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in BB&T by 3.3% during the third quarter. First Eagle Investment Management LLC now owns 16,699,414 shares of the insurance provider’s stock valued at $783,870,000 after purchasing an additional 541,257 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in BB&T by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 8,829,063 shares of the insurance provider’s stock valued at $414,436,000 after purchasing an additional 86,200 shares in the last quarter. Burgundy Asset Management Ltd. boosted its holdings in BB&T by 0.3% during the third quarter. Burgundy Asset Management Ltd. now owns 8,382,444 shares of the insurance provider’s stock valued at $393,472,000 after purchasing an additional 27,138 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in BB&T by 12.6% during 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 in the last quarter. 65.90% of the stock is currently owned by institutional investors.

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About BB&T

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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