Captrust Financial Advisors acquired a new stake in shares of BB&T Co. (NYSE:BBT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 57,928 shares of the insurance provider’s stock, valued at approximately $2,880,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Delpha Capital Management LLC bought a new stake in shares of BB&T in the 4th quarter valued at about $106,000. Kistler Tiffany Companies LLC raised its holdings in shares of BB&T by 102.6% in the 4th quarter. Kistler Tiffany Companies LLC now owns 2,356 shares of the insurance provider’s stock valued at $117,000 after purchasing an additional 1,193 shares in the last quarter. Shamrock Asset Management LLC bought a new stake in shares of BB&T in the 4th quarter valued at about $123,000. Cerebellum GP LLC bought a new stake in shares of BB&T in the 4th quarter valued at about $123,000. Finally, Front Row Advisors LLC bought a new stake in shares of BB&T in the 4th quarter valued at about $142,000. Institutional investors own 63.98% of the company’s stock.
Shares of BB&T Co. (BBT) opened at $55.60 on Tuesday. The firm has a market cap of $43,607.67, a P/E ratio of 17.84, a price-to-earnings-growth ratio of 1.29 and a beta of 1.03. BB&T Co. has a 12-month low of $41.17 and a 12-month high of $56.31. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.86 and a current ratio of 0.87.
The business also recently announced a None dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Tuesday, March 6th will be given a dividend of $0.045 per share. This represents a yield of 2.37%. The ex-dividend date is Monday, March 5th. BB&T’s dividend payout ratio is presently 48.18%.
In other BB&T news, Chairman Kelly S. King sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $54.68, for a total transaction of $3,280,800.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director I. Patricia Henry sold 2,825 shares of BB&T stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $55.20, for a total transaction of $155,940.00. Following the sale, the director now owns 4,375 shares of the company’s stock, valued at $241,500. The disclosure for this sale can be found here. In the last three months, insiders have sold 170,078 shares of company stock worth $9,316,414. 0.36% of the stock is owned by insiders.
Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of BB&T from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Wednesday, February 28th. Oppenheimer restated a “hold” rating on shares of BB&T in a report on Thursday, January 18th. B. Riley restated a “hold” rating and issued a $55.00 price target on shares of BB&T in a report on Thursday, January 18th. Sandler O’Neill set a $55.00 price objective on shares of BB&T and gave the stock a “hold” rating in a research report on Friday, January 19th. Finally, Royal Bank of Canada lifted their price objective on shares of BB&T to $59.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. Fifteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $53.81.
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BB&T Corporation is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Banking and Trust Company (Branch Bank), and other nonbank subsidiaries. Its segments include Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Holdings and Financial Services.
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