D Orazio & Associates Inc. Continues to Hold Position in BB&T Corporation (BBT)

D Orazio & Associates Inc. maintained its stake in shares of BB&T Corporation (NYSE:BBT) during the first quarter, according to its most recent filing with the SEC. The fund owned 4,516 shares of the insurance provider’s stock at the end of the first quarter. D Orazio & Associates Inc.’s holdings in BB&T Corporation were worth $202,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of BB&T Corporation by 2,875.1% in the first quarter. BlackRock Inc. now owns 47,331,820 shares of the insurance provider’s stock valued at $2,115,732,000 after buying an additional 45,740,906 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of BB&T Corporation by 3.2% in the first quarter. Vanguard Group Inc. now owns 54,194,703 shares of the insurance provider’s stock valued at $2,422,504,000 after buying an additional 1,656,297 shares during the last quarter. Janus Capital Management LLC boosted its position in shares of BB&T Corporation by 46.8% in the first quarter. Janus Capital Management LLC now owns 3,333,817 shares of the insurance provider’s stock valued at $149,021,000 after buying an additional 1,062,590 shares during the last quarter. FMR LLC boosted its position in shares of BB&T Corporation by 214.8% in the first quarter. FMR LLC now owns 1,464,005 shares of the insurance provider’s stock valued at $65,440,000 after buying an additional 998,898 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of BB&T Corporation by 143.2% in the first quarter. First Trust Advisors LP now owns 1,642,161 shares of the insurance provider’s stock valued at $73,405,000 after buying an additional 966,962 shares during the last quarter. Institutional investors own 64.46% of the company’s stock.

BB&T Corporation (NYSE BBT) traded down 0.09% on Friday, hitting $46.12. 4,394,869 shares of the stock were exchanged. BB&T Corporation has a 12 month low of $36.80 and a 12 month high of $49.88. The company has a 50-day moving average of $46.45 and a 200 day moving average of $45.21. The firm has a market cap of $37.27 billion, a P/E ratio of 17.22 and a beta of 1.07.

BB&T Corporation (NYSE:BBT) last issued its earnings results on Thursday, July 20th. The insurance provider reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. BB&T Corporation had a net margin of 19.57% and a return on equity of 9.62%. The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the previous year, the firm earned $0.71 earnings per share. BB&T Corporation’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities research analysts expect that BB&T Corporation will post $2.84 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, August 9th. This is an increase from BB&T Corporation’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a yield of 2.86%. BB&T Corporation’s payout ratio is 49.25%.

BB&T Corporation announced that its Board of Directors has authorized a share repurchase plan on Wednesday, June 28th that authorizes the company to buyback $1.88 billion in shares. This buyback authorization authorizes the insurance provider to repurchase up to 5.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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Several equities analysts recently weighed in on BBT shares. FBR & Co reaffirmed a “hold” rating on shares of BB&T Corporation in a research report on Friday, April 21st. Hilliard Lyons raised shares of BB&T Corporation from a “neutral” rating to a “buy” rating and dropped their price target for the company from $51.00 to $49.00 in a research report on Monday, April 24th. BidaskClub raised shares of BB&T Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. BMO Capital Markets reissued a “hold” rating and set a $48.00 target price on shares of BB&T Corporation in a research report on Friday, June 30th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $49.00 target price on shares of BB&T Corporation in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $47.19.

In other BB&T Corporation news, insider Robert Jerome Johnson, Jr. sold 18,343 shares of BB&T Corporation stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $47.19, for a total transaction of $865,606.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider David Hudson Weaver sold 8,752 shares of BB&T Corporation stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $46.91, for a total transaction of $410,556.32. The disclosure for this sale can be found here. Insiders have sold 55,610 shares of company stock worth $2,618,364 over the last ninety days. 0.36% of the stock is owned by insiders.

BB&T Corporation Company Profile

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.

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

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