BB&T Co. (BBT) Position Decreased by Franklin Resources Inc.

Franklin Resources Inc. lessened its holdings in BB&T Co. (NYSE:BBT) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,022,853 shares of the insurance provider’s stock after selling 3,493 shares during the period. Franklin Resources Inc. owned about 0.13% of BB&T worth $49,649,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Motco increased its stake in shares of BB&T by 1.4% in the 3rd quarter. Motco now owns 76,226 shares of the insurance provider’s stock valued at $3,700,000 after purchasing an additional 1,061 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in shares of BB&T by 1.1% in the 2nd quarter. Mutual of America Capital Management LLC now owns 100,393 shares of the insurance provider’s stock valued at $5,064,000 after purchasing an additional 1,089 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV increased its stake in shares of BB&T by 4.4% in the 3rd quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 26,316 shares of the insurance provider’s stock valued at $1,281,000 after purchasing an additional 1,106 shares in the last quarter. Community Bank N.A. increased its stake in shares of BB&T by 36.4% in the 3rd quarter. Community Bank N.A. now owns 4,310 shares of the insurance provider’s stock valued at $209,000 after purchasing an additional 1,150 shares in the last quarter. Finally, Cynosure Advisors LLC increased its stake in shares of BB&T by 11.1% in the 2nd quarter. Cynosure Advisors LLC now owns 11,535 shares of the insurance provider’s stock valued at $582,000 after purchasing an additional 1,154 shares in the last quarter. Hedge funds and other institutional investors own 64.07% of the company’s stock.

Several equities research analysts have commented on BBT shares. ValuEngine upgraded BB&T from a “sell” rating to a “hold” rating in a research note on Saturday, November 10th. Zacks Investment Research upgraded BB&T from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Wednesday, October 3rd. BMO Capital Markets cut their price objective on BB&T from $58.00 to $57.00 and set an “outperform” rating for the company in a research note on Friday, October 19th. Finally, B. Riley set a $56.00 price objective on BB&T and gave the stock a “buy” rating in a research note on Monday, October 15th. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. BB&T currently has a consensus rating of “Buy” and an average price target of $55.44.

In related news, Director Patrick C. Graney III bought 4,200 shares of the stock in a transaction dated Thursday, December 6th. The shares were acquired at an average cost of $47.56 per share, for a total transaction of $199,752.00. Following the acquisition, the director now directly owns 4,200 shares in the company, valued at approximately $199,752. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director I. Patricia Henry sold 611 shares of the business’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $49.50, for a total value of $30,244.50. Following the transaction, the director now owns 4,375 shares in the company, valued at $216,562.50. The disclosure for this sale can be found here. Insiders own 0.51% of the company’s stock.

NYSE:BBT opened at $47.66 on Friday. BB&T Co. has a 12 month low of $45.93 and a 12 month high of $56.31. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.86. The company has a market cap of $37.10 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 1.13 and a beta of 0.95.

BB&T (NYSE:BBT) last posted its quarterly earnings data on Thursday, October 18th. The insurance provider reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.01. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.93 billion. BB&T had a return on equity of 11.66% and a net margin of 23.52%. BB&T’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.74 EPS. Equities research analysts forecast that BB&T Co. will post 4.05 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Friday, November 9th were issued a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 3.40%. The ex-dividend date was Thursday, November 8th. BB&T’s dividend payout ratio is currently 51.59%.

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About BB&T

BB&T Corporation operates as a financial holding company that provides various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals. The company operates through four segments: CB-Retail, CB-Commercial, IH&PF, and FS&CF. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.

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Institutional Ownership by Quarter for BB&T (NYSE:BBT)

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