AMP Capital Investors Ltd cut its holdings in BB&T Co. (NYSE:BBT) by 24.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 270,864 shares of the insurance provider’s stock after selling 86,894 shares during the period. AMP Capital Investors Ltd’s holdings in BB&T were worth $13,465,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Delpha Capital Management LLC purchased a new position in BB&T in the 4th quarter worth approximately $106,000. Kistler Tiffany Companies LLC lifted its holdings in BB&T by 102.6% in the 4th quarter. Kistler Tiffany Companies LLC now owns 2,356 shares of the insurance provider’s stock worth $117,000 after purchasing an additional 1,193 shares in the last quarter. Shamrock Asset Management LLC purchased a new position in BB&T in the 4th quarter worth approximately $123,000. Cerebellum GP LLC purchased a new position in BB&T in the 4th quarter worth approximately $123,000. Finally, Front Row Advisors LLC purchased a new position in BB&T in the 4th quarter worth approximately $142,000. 63.98% of the stock is currently owned by institutional investors.
In related news, Chairman Kelly S. King sold 60,000 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $54.68, for a total transaction of $3,280,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Nido R. Qubein sold 21,025 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $54.50, for a total value of $1,145,862.50. Following the sale, the director now owns 59,513 shares in the company, valued at approximately $3,243,458.50. The disclosure for this sale can be found here. Insiders have sold a total of 170,078 shares of company stock worth $9,316,414 in the last 90 days. 0.36% of the stock is currently owned by insiders.
Shares of BB&T Co. (NYSE BBT) opened at $55.60 on Tuesday. BB&T Co. has a twelve month low of $41.17 and a twelve month high of $56.31. The firm has a market capitalization of $43,860.00, a price-to-earnings ratio of 20.67, a P/E/G ratio of 1.29 and a beta of 1.02. 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 results on Thursday, January 18th. The insurance provider reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.04. BB&T had a return on equity of 9.93% and a net margin of 19.25%. The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the prior year, the firm posted $0.72 EPS. BB&T’s quarterly revenue was up 3.6% compared to the same quarter last year. equities analysts forecast that BB&T Co. will post 3.92 earnings per share for the current fiscal year.
The business also recently declared a None dividend, which will be paid on Tuesday, March 20th. Investors of record on Tuesday, March 6th will be issued a dividend of $0.045 per share. The ex-dividend date of this dividend is Monday, March 5th. This represents a yield of 2.37%. BB&T’s payout ratio is presently 49.07%.
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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.
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