Bbva Compass Bancshares Inc. Buys 1,851 Shares of BB&T Co. (BBT)

Bbva Compass Bancshares Inc. boosted its stake in BB&T Co. (NYSE:BBT) by 18.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,787 shares of the insurance provider’s stock after purchasing an additional 1,851 shares during the period. Bbva Compass Bancshares Inc.’s holdings in BB&T were worth $572,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Toronto Dominion Bank boosted its position in BB&T by 19.2% during the second quarter. Toronto Dominion Bank now owns 503,426 shares of the insurance provider’s stock valued at $25,387,000 after acquiring an additional 81,234 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its position in BB&T by 3.1% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 304,053 shares of the insurance provider’s stock valued at $15,336,000 after acquiring an additional 9,097 shares during the last quarter. Unigestion Holding SA bought a new stake in BB&T during the second quarter valued at $17,754,000. Strs Ohio boosted its position in BB&T by 3.3% during the second quarter. Strs Ohio now owns 942,393 shares of the insurance provider’s stock valued at $47,534,000 after acquiring an additional 29,812 shares during the last quarter. Finally, PGGM Investments boosted its position in BB&T by 10.5% during the third quarter. PGGM Investments now owns 942,555 shares of the insurance provider’s stock valued at $45,752,000 after acquiring an additional 89,845 shares during the last quarter. Institutional investors and hedge funds own 64.96% of the company’s stock.

BBT stock opened at $50.13 on Friday. The stock has a market cap of $38.51 billion, a PE ratio of 15.96, a P/E/G ratio of 1.24 and a beta of 0.94. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. BB&T Co. has a 1 year low of $45.73 and a 1 year high of $56.31.

BB&T (NYSE:BBT) last released its quarterly earnings data on Thursday, October 18th. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.01. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.93 billion. BB&T had a net margin of 23.52% and a return on equity of 11.66%. The business’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 EPS. As a group, sell-side analysts expect that BB&T Co. will post 3.82 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Friday, November 9th will be given a dividend of $0.405 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.23%. BB&T’s dividend payout ratio (DPR) is presently 51.59%.

In related news, Director I. Patricia Henry sold 611 shares of the company’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $49.50, for a total value of $30,244.50. Following the sale, the director now owns 4,375 shares in the company, valued at approximately $216,562.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.51% of the company’s stock.

A number of brokerages have commented on BBT. Zacks Investment Research raised shares of BB&T from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Tuesday, October 23rd. Stephens reaffirmed a “buy” rating and set a $59.00 price target on shares of BB&T in a research report on Friday, July 20th. BMO Capital Markets cut their price target on shares of BB&T from $59.00 to $58.00 and set an “outperform” rating on the stock in a research report on Friday, July 20th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $52.00 price target on shares of BB&T in a research report on Friday, July 20th. Finally, ValuEngine raised shares of BB&T from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $55.50.

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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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