Also, the number of institutional investors holding BB&T Corp in their top 10 stock positions increased from 10 to 13 for an increase of 3. Janus Capital Management LLC now owns 3,333,817 shares of the insurance provider's stock valued at $149,021,000 after buying an additional 1,062,590 shares during the period.
Bank of America Corp DE increased its holdings in BB&T Corporation by 0.3% in the 1st quarter. Shelter Mutual Insurance Co lifted its position in BB&T Corporation by 145.5% during the 2nd quarter. Janus Henderson Group PLC raised its stake in BB&T Corporation by 3,687.8% in the second quarter.
Mendon Capital Advisors Corp increased Bb&T Corp (Put) (BBT) stake by 56.44% reported in 2017Q2 SEC filing. Keybank National Association OH now owns 36,018 shares of the insurance provider's stock worth $1,691,000 after acquiring an additional 6,220 shares during the last quarter.
Mendon Capital Advisors Corp decreased American Intl Group Inc (Put) (NYSE:AIG) stake by 49,000 shares to 176,000 valued at $11.00 million in 2017Q2. Pacer Advisors Inc. now owns 18,866 shares of the insurance provider's stock worth $857,000 after acquiring an additional 1,450 shares in the last quarter. BB&T Corporation's average EBITDA per Share Growth Rate was -0.1 percent during the past 12 months. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.05.
BB&T Corp. had a return on equity of 9.12% and a net margin of 20.11%. The company's quarterly revenue was up 1.4% compared to the same quarter previous year. Moreover, Iab Comml Bank has 0.33% invested in BB&T Corporation (NYSE:BBT) for 14,740 shares.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. This represents a $1.32 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Thursday, November 9th. BB&T Corporation's dividend payout ratio is now 49.07%.
Several equities research analysts recently issued reports on the stock. The firm has "Buy" rating given on Monday, October 16 by Credit Suisse. Jefferies Group LLC restated a "hold" rating and issued a $49.00 price objective on shares of BB&T Corporation in a research note on Friday, July 14th. Macquarie Group Ltd bought 291,257 shares as the company's stock declined 11.91% while stock markets rallied. Wells Fargo & Company initiated coverage on shares of BB&T Corporation in a report on Wednesday, August 9th.
In other BB&T Corporation news, insider Donna C. Goodrich sold 26,869 shares of the business's stock in a transaction on Monday, October 30th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. The stock now has an average rating of "Hold" and an average target price of $39.41. The stock was sold at an average price of $47.56, for a total value of $2,008,601.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.36% of the company's stock. The stock was sold at an average price of $38.25, for a total value of $6,212,373.75. The disclosure for this sale can be found here. The portion of a company's profit allocated to each outstanding share of common stock was $2.69 a share in the trailing twelve months.
COPYRIGHT VIOLATION NOTICE: This report was first posted by Week Herald and is the property of of Week Herald. If you are reading this report on another domain, it was copied illegally and republished in violation of USA and global copyright & trademark legislation. The original version of this report can be read at https://www.truebluetribune.com/2017/11/02/insider-selling-bbt-corporation-bbt-evp-sells-373817-92-in-stock.html. Eqis Capital Management holds 0.02% of its portfolio in BB&T Corporation (NYSE:BBT) for 8,463 shares. The Company conducts its business operations primarily through its bank subsidiary, Branch Banking and Trust Company (Branch Bank), and other nonbank subsidiaries. The Company's divisions include Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Holdings and Financial Services. Kentucky Retirement Insurance Tru Fund holds 0.18% or 22,221 shares in its portfolio.
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