BB&T Co. (BBT) Holdings Lowered by CENTRAL TRUST Co

CENTRAL TRUST Co lowered its position in shares of BB&T Co. (NYSE:BBT) by 7.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,192 shares of the insurance provider’s stock after selling 949 shares during the quarter. CENTRAL TRUST Co’s holdings in BB&T were worth $485,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Cornerstone Advisors Inc. increased its stake in shares of BB&T by 19.5% during the 3rd quarter. Cornerstone Advisors Inc. now owns 1,468 shares of the insurance provider’s stock worth $71,000 after purchasing an additional 240 shares during the last quarter. Reynders McVeigh Capital Management LLC increased its stake in shares of BB&T by 0.9% during the 3rd quarter. Reynders McVeigh Capital Management LLC now owns 32,960 shares of the insurance provider’s stock worth $1,600,000 after purchasing an additional 280 shares during the last quarter. Moody National Bank Trust Division increased its stake in shares of BB&T by 0.6% during the 4th quarter. Moody National Bank Trust Division now owns 90,177 shares of the insurance provider’s stock worth $3,907,000 after purchasing an additional 541 shares during the last quarter. Griffin Asset Management Inc. increased its stake in shares of BB&T by 0.8% during the 3rd quarter. Griffin Asset Management Inc. now owns 94,423 shares of the insurance provider’s stock worth $4,583,000 after purchasing an additional 750 shares during the last quarter. Finally, Rehmann Capital Advisory Group increased its stake in shares of BB&T by 3.5% during the 3rd quarter. Rehmann Capital Advisory Group now owns 22,345 shares of the insurance provider’s stock worth $1,085,000 after purchasing an additional 751 shares during the last quarter. 63.98% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on the stock. ValuEngine upgraded shares of BB&T from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. B. Riley set a $56.00 price objective on shares of BB&T and gave the company a “buy” rating in a research note on Monday, October 15th. Zacks Investment Research lowered shares of BB&T from a “buy” rating to a “hold” rating in a research note on Wednesday, December 19th. Finally, Barclays lifted their price objective on shares of BB&T from $58.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $54.64.

BBT opened at $45.61 on Friday. The firm has a market cap of $35.56 billion, a PE ratio of 14.53, a PEG ratio of 1.00 and a beta of 1.04. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.86. BB&T Co. has a one year low of $40.68 and a one year high of $56.31.

BB&T (NYSE:BBT) last released its quarterly earnings results on Thursday, October 18th. The insurance provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates 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 for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.74 EPS. Sell-side analysts forecast that BB&T Co. will post 4.05 EPS for the current fiscal year.

In other news, Director Nido R. Qubein sold 2,825 shares of the business’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $50.19, for a total transaction of $141,786.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patrick C. Graney III purchased 4,200 shares of BB&T stock in a transaction dated Thursday, December 6th. The shares were purchased at an average price of $47.56 per share, with a total value of $199,752.00. Following the completion of the transaction, the director now directly owns 4,200 shares in the company, valued at $199,752. The disclosure for this purchase can be found here. 0.51% of the stock is owned by insiders.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by WKRB News and is the property of of WKRB News. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.wkrb13.com/2019/01/12/bbt-co-bbt-holdings-lowered-by-central-trust-co.html.

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.

Featured Article: What factors cause inflation to rise?

Want to see what other hedge funds are holding BBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BB&T Co. (NYSE:BBT).

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

Receive News & Ratings for BB&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BB&T and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply