Horan Capital Advisors LLC. Invests $147,000 in BB&T Co. (NYSE:BBT)

Horan Capital Advisors LLC. acquired a new position in BB&T Co. (NYSE:BBT) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,750 shares of the insurance provider’s stock, valued at approximately $147,000.

Several other large investors have also recently made changes to their positions in BBT. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in shares of BB&T in the second quarter worth about $26,000. Proffitt & Goodson Inc. raised its stake in shares of BB&T by 93.4% in the third quarter. Proffitt & Goodson Inc. now owns 586 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 283 shares during the last quarter. Capital Bank & Trust Co raised its stake in shares of BB&T by 49.6% in the second quarter. Capital Bank & Trust Co now owns 935 shares of the insurance provider’s stock worth $46,000 after purchasing an additional 310 shares during the last quarter. Westside Investment Management Inc. purchased a new position in shares of BB&T in the second quarter worth about $48,000. Finally, Norway Savings Bank purchased a new position in shares of BB&T in the third quarter worth about $54,000. Hedge funds and other institutional investors own 70.11% of the company’s stock.

BBT stock traded up $0.08 during trading on Tuesday, hitting $53.53. 1,607,528 shares of the company traded hands, compared to its average volume of 5,190,098. The stock’s 50-day simple moving average is $51.61 and its 200 day simple moving average is $49.57. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.85 and a quick ratio of 0.84. The company has a market cap of $40.90 billion, a PE ratio of 13.22, a P/E/G ratio of 1.69 and a beta of 1.17. BB&T Co. has a 1 year low of $40.68 and a 1 year high of $53.90.

BB&T (NYSE:BBT) last announced its quarterly earnings results on Thursday, October 17th. The insurance provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.04. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.99 billion. BB&T had a return on equity of 12.25% and a net margin of 23.17%. BB&T’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the business earned $1.01 earnings per share. Research analysts expect that BB&T Co. will post 4.24 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 8th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.36%. BB&T’s dividend payout ratio is currently 44.44%.

In related news, Director K. David Jr. Boyer sold 4,285 shares of BB&T stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $52.64, for a total transaction of $225,562.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David Hudson Weaver sold 21,705 shares of BB&T stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $51.44, for a total value of $1,116,505.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,099,147 shares of company stock valued at $714,407,173. 0.49% of the stock is owned by company insiders.

Several brokerages have recently issued reports on BBT. Deutsche Bank set a $59.00 price objective on BB&T and gave the stock a “buy” rating in a research note on Friday, July 26th. Bank of America raised their price objective on BB&T from $53.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. reduced their price objective on BB&T from $51.50 to $50.50 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. ValuEngine cut BB&T from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Co set a $55.00 price objective on BB&T and gave the stock a “buy” rating in a research note on Friday, August 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $54.50.

BB&T Profile

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

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