November 25, 2016 - By Nellie Frank · 0 Comments
BB&T Corp (NYSE:BBT) institutional sentiment decreased to 1.35 in 2016 Q2. Its down -0.04, from 1.39 in 2016Q1. The ratio has dropped, as 361 institutional investors opened new and increased stock positions, while 260 sold and trimmed positions in BB&T Corp. The institutional investors in our partner’s database now possess: 504.84 million shares, up from 494.14 million shares in 2016Q1. Also, the number of institutional investors holding BB&T Corp in their top 10 stock positions increased from 7 to 8 for an increase of 1. Sold All: 61 Reduced: 199 Increased: 301 New Position: 60.
BB&T Corporation is a financial holding company. The company has a market cap of $36.30 billion. The Firm conducts its business primarily through its bank subsidiary, Branch Banking and Trust Company, and other nonbank subsidiaries. It has a 16.61 P/E ratio.
About 311,914 shares traded hands. BB&T Corporation (NYSE:BBT) has risen 24.50% since April 22, 2016 and is uptrending. It has outperformed by 19.10% the S&P500.
Analysts await BB&T Corporation (NYSE:BBT) to report earnings on January, 19. They expect $0.73 EPS, up 7.35% or $0.05 from last year’s $0.68 per share. BBT’s profit will be $593.75M for 15.28 P/E if the $0.73 EPS becomes a reality. After $0.76 actual EPS reported by BB&T Corporation for the previous quarter, Wall Street now forecasts -3.95% negative EPS growth.
According to Zacks Investment Research, “BB&T Corporation is a multi-bank holding company. The company offers full-service commercial and retail banking and additional financial services such as insurance, corporate finance, international banking, leasing and trust. BB&T conducts its operations in North Carolina, South Carolina, Virginia, Maryland, Georgia, West Virginia, Kentucky and the metropolitan Washington, D.C. area.”
Montgomery Investment Management Inc holds 10.44% of its portfolio in BB&T Corporation for 604,340 shares. Longview Partners (Guernsey) Ltd owns 16.73 million shares or 3.96% of their US portfolio. Moreover, Ntv Asset Management Llc has 3.5% invested in the company for 259,712 shares. The Pennsylvania-based Wheatland Advisors Inc has invested 3.35% in the stock. Burgundy Asset Management Ltd., a Ontario – Canada-based fund reported 8.51 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 14 insider sales for $18.56 million net activity.
Ratings analysis reveals 38% of BB&T Corp’s analysts are positive. Out of 21 Wall Street analysts rating BB&T Corp, 8 give it “Buy”, 3 “Sell” rating, while 10 recommend “Hold”. The lowest target is $35 while the high is $46. The stock’s average target of $40.43 is -9.41% below today’s ($44.63) share price. BBT was included in 36 notes of analysts from July 17, 2015. The rating was maintained by CLSA on Friday, September 23 with “Outperform”. The stock of BB&T Corporation (NYSE:BBT) has “Equal-Weight” rating given on Friday, January 22 by Barclays Capital. The stock has “Neutral” rating given by Hilliard Lyons on Friday, October 16. The rating was upgraded by FIG Partners to “Outperform” on Tuesday, May 10. The rating was maintained by Barclays Capital with “Equal Weight” on Friday, October 16. The stock has “Underweight” rating given by Piper Jaffray on Monday, March 28. The company was maintained on Wednesday, October 19 by Wood. The company was upgraded on Monday, May 16 by Suntrust Robinson. The firm has “Hold” rating by Deutsche Bank given on Tuesday, April 5. The rating was upgraded by Hilliard Lyons to “Buy” on Monday, January 25.
BB&T Corporation (BB&T), incorporated on September 24, 1968, is a financial holding company. The Firm conducts its business primarily through its bank subsidiary, Branch Banking and Trust Company (Branch Bank), and other nonbank subsidiaries. The Company’s divisions include Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, Financial Services, and Other, Treasury and Corporate. Branch Bank provides a range of banking and trust services for retail and commercial clients in its geographic markets, including small and mid-size businesses, public agencies, local governments and individuals through over 2,140 offices.
More recent BB&T Corporation (NYSE:BBT) news were published by: Prnewswire.com which released: “BB&T Corporation COO to speak at Bank of America Merrill Lynch 2016 Future of …” on October 25, 2016. Also Prnewswire.com published the news titled: “BB&T Corporation CFO to speak at BancAnalysts Association of Boston Inc …” on October 25, 2016. Nasdaq.com‘s news article titled: “BB&T Corporation (BBT) Ex-Dividend Date Scheduled for November 08, 2016” with publication date: November 07, 2016 was also an interesting one.
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By Nellie Frank