McCollum Christoferson Group LLC raised its holdings in BB&T Co. (NYSE:BBT) by 0.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,088 shares of the insurance provider’s stock after purchasing an additional 411 shares during the period. McCollum Christoferson Group LLC’s holdings in BB&T were worth $4,192,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Financial Advantage Inc. bought a new stake in BB&T during the fourth quarter valued at approximately $27,000. Athena Capital Advisors LLC bought a new stake in BB&T during the fourth quarter valued at approximately $28,000. Sontag Advisory LLC bought a new stake in BB&T during the fourth quarter valued at approximately $28,000. Destination Wealth Management lifted its position in BB&T by 375.0% during the fourth quarter. Destination Wealth Management now owns 722 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 570 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. lifted its position in BB&T by 620.5% during the fourth quarter. Transamerica Financial Advisors Inc. now owns 807 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 695 shares during the last quarter. Hedge funds and other institutional investors own 65.12% of the company’s stock.
In other news, Director Patrick C. Graney III purchased 3,890 shares of the stock in a transaction that occurred on Thursday, February 28th. The stock was bought at an average cost of $51.04 per share, for a total transaction of $198,545.60. Following the acquisition, the director now directly owns 11,456 shares of the company’s stock, valued at approximately $584,714.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director K. David Jr. Boyer sold 2,289 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $51.57, for a total transaction of $118,043.73. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.
BB&T (NYSE:BBT) last announced its quarterly earnings data on Thursday, January 17th. The insurance provider reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.01. The firm had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.98 billion. BB&T had a net margin of 24.15% and a return on equity of 12.13%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.83 EPS. As a group, equities research analysts predict that BB&T Co. will post 4.29 earnings per share for the current year.
BBT has been the subject of several research analyst reports. Bank of America upgraded shares of BB&T from a “neutral” rating to a “buy” rating and set a $50.46 target price for the company in a research report on Friday, February 8th. Odeon Capital Group initiated coverage on shares of BB&T in a research report on Friday, March 8th. They set a “buy” rating for the company. ValuEngine lowered shares of BB&T from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. Deutsche Bank upgraded shares of BB&T from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Monday, March 25th. Finally, Zacks Investment Research upgraded shares of BB&T from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Tuesday, December 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $53.86.
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BB&T Corporation, a holding company, provides banking and trust services for small and mid-size businesses, public agencies, local governments, corporations, and individuals in the Southeastern and Mid-Atlantic United States. The company operates through four segments: Community Banking Retail and Consumer Finance, Community Banking Commercial, Insurance Holdings, and Financial Services and Commercial Finance.
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