BB&T (NYSE:BBT) had its price objective upped by analysts at Morgan Stanley from $58.00 to $59.00 in a research report issued to clients and investors on Friday. The brokerage currently has an “equal weight” rating on the insurance provider’s stock. Morgan Stanley’s price objective would suggest a potential upside of 7.06% from the company’s current price.
Other equities analysts have also issued reports about the company. ValuEngine raised BB&T from a “hold” rating to a “buy” rating in a report on Friday. Citigroup raised BB&T from a “market perform” rating to an “outperform” rating and set a $58.00 price target for the company in a report on Tuesday, January 9th. Sandler O’Neill set a $55.00 price target on BB&T and gave the stock a “hold” rating in a report on Friday, January 19th. FBR & Co set a $48.00 price target on BB&T and gave the stock a “hold” rating in a report on Friday, October 20th. Finally, UBS Group raised 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 ten have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $54.24.
BB&T (NYSE BBT) traded down $0.59 during trading hours on Friday, reaching $55.11. The company’s stock had a trading volume of 4,409,807 shares, compared to its average volume of 3,750,000. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.89. BB&T has a twelve month low of $41.17 and a twelve month high of $55.99. The stock has a market capitalization of $43,480.00, a P/E ratio of 20.11, a P/E/G ratio of 1.42 and a beta of 1.06.
In related news, insider Donna C. Goodrich sold 10,799 shares of BB&T stock in a transaction 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 completion of the sale, the insider now owns 47,182 shares of the company’s stock, valued at $2,206,702.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Kelly S. King sold 60,000 shares of BB&T stock in a transaction on Friday, January 19th. The shares were sold at an average price of $54.68, for a total value of $3,280,800.00. The disclosure for this sale can be found here. Insiders have sold 131,898 shares of company stock valued at $7,128,459 in the last three months. 0.36% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Employees Retirement System of Texas lifted its stake in BB&T by 17.5% during the second quarter. Employees Retirement System of Texas now owns 47,000 shares of the insurance provider’s stock worth $2,134,000 after purchasing an additional 7,000 shares during the last quarter. Sii Investments Inc. WI lifted its stake in BB&T by 0.9% during the second quarter. Sii Investments Inc. WI now owns 6,636 shares of the insurance provider’s stock worth $301,000 after purchasing an additional 58 shares during the last quarter. Shelton Capital Management bought a new stake in BB&T during the second quarter worth about $288,000. Janus Henderson Group PLC lifted its stake in BB&T by 3,687.8% during the second quarter. Janus Henderson Group PLC now owns 4,085,012 shares of the insurance provider’s stock worth $185,500,000 after purchasing an additional 3,977,166 shares during the last quarter. Finally, Dana Investment Advisors Inc. lifted its stake in BB&T by 2.6% during the second quarter. Dana Investment Advisors Inc. now owns 5,629 shares of the insurance provider’s stock worth $256,000 after purchasing an additional 142 shares during the last quarter. 65.90% of the stock is owned by institutional investors.
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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.
