BB&T Corporation (BBT) Shares Bought by Comerica Bank

Comerica Bank raised its stake in shares of BB&T Corporation (NYSE:BBT) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 249,282 shares of the company’s stock after buying an additional 936 shares during the period. Comerica Bank’s holdings in BB&T Corporation were worth $11,597,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Atria Investments LLC increased its position in shares of BB&T Corporation by 0.6% in the third quarter. Atria Investments LLC now owns 7,632 shares of the company’s stock valued at $288,000 after buying an additional 44 shares during the last quarter. Alpha Windward LLC increased its position in shares of BB&T Corporation by 0.9% in the third quarter. Alpha Windward LLC now owns 5,319 shares of the company’s stock valued at $201,000 after buying an additional 45 shares during the last quarter. Capital Management Corp VA increased its position in shares of BB&T Corporation by 0.8% in the third quarter. Capital Management Corp VA now owns 6,451 shares of the company’s stock valued at $243,000 after buying an additional 51 shares during the last quarter. Canal Capital Management LLC increased its position in shares of BB&T Corporation by 0.7% in the third quarter. Canal Capital Management LLC now owns 7,494 shares of the company’s stock valued at $283,000 after buying an additional 54 shares during the last quarter. Finally, IFC Holdings Incorporated FL increased its position in shares of BB&T Corporation by 0.5% in the third quarter. IFC Holdings Incorporated FL now owns 13,687 shares of the company’s stock valued at $517,000 after buying an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 64.18% of the company’s stock.

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

Shares of BB&T Corporation (NYSE:BBT) traded up 0.47% during mid-day trading on Friday, hitting $46.63. The stock had a trading volume of 2,814,312 shares. The firm’s 50 day moving average price is $46.51 and its 200 day moving average price is $41.64. BB&T Corporation has a 1-year low of $31.27 and a 1-year high of $47.85. The company has a market cap of $37.75 billion, a P/E ratio of 16.83 and a beta of 1.05.

BB&T Corporation (NYSE:BBT) last announced its quarterly earnings results on Thursday, January 19th. The company reported $0.72 EPS for the quarter, missing the Zacks’ consensus estimate of $0.73 by $0.01. BB&T Corporation had a net margin of 20.65% and a return on equity of 9.37%. The firm earned $2.77 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. The firm’s revenue was up 8.3% on a year-over-year basis. Analysts predict that BB&T Corporation will post $3.07 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Friday, February 10th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Wednesday, February 8th. BB&T Corporation’s payout ratio is 43.17%.

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Several research firms have recently commented on BBT. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of BB&T Corporation in a research note on Saturday, January 21st. Zacks Investment Research cut BB&T Corporation from a “buy” rating to a “hold” rating in a research note on Friday. Barclays PLC lifted their target price on BB&T Corporation from $40.00 to $51.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 3rd. FBR & Co set a $40.00 target price on BB&T Corporation and gave the company a “hold” rating in a research note on Thursday, October 20th. Finally, FIG Partners reissued an “outperform” rating and issued a $53.00 target price (up from $47.00) on shares of BB&T Corporation in a research note on Friday, December 23rd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company. BB&T Corporation has an average rating of “Hold” and a consensus target price of $43.53.

In other news, insider Cynthia B. Powell sold 9,012 shares of the stock in a transaction on Monday, November 14th. The stock was sold at an average price of $42.21, for a total value of $380,396.52. Following the completion of the transaction, the insider now directly owns 20,428 shares in the company, valued at approximately $862,265.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Cynthia B. Powell sold 13,465 shares of the stock in a transaction on Thursday, January 26th. The shares were sold at an average price of $47.19, for a total value of $635,413.35. Following the completion of the transaction, the insider now owns 19,034 shares of the company’s stock, valued at $898,214.46. The disclosure for this sale can be found here. Insiders sold a total of 1,668,287 shares of company stock valued at $77,883,028 over the last quarter. 0.88% of the stock is owned by corporate insiders.

About BB&T Corporation

5 Day Chart for NYSE:BBT

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