Dynamic Advisors Solutions LLC Has $456,000 Position in BB&T Corporation (BBT)

Dynamic Advisors Solutions LLC decreased its stake in BB&T Corporation (NYSE:BBT) by 0.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 10,035 shares of the insurance provider’s stock after selling 3 shares during the period. Dynamic Advisors Solutions LLC’s holdings in BB&T Corporation were worth $456,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BBT. Guardian Life Insurance Co. of America boosted its position in BB&T Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 3,130 shares of the insurance provider’s stock worth $140,000 after buying an additional 21 shares in the last quarter. Jolley Asset Management LLC raised its stake in shares of BB&T Corporation by 1.0% in the first quarter. Jolley Asset Management LLC now owns 2,500 shares of the insurance provider’s stock worth $112,000 after buying an additional 25 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of BB&T Corporation by 2.6% in the first quarter. Quadrant Capital Group LLC now owns 3,152 shares of the insurance provider’s stock worth $135,000 after buying an additional 79 shares during the last quarter. Cookson Peirce & Co. Inc. raised its stake in shares of BB&T Corporation by 1.1% in the first quarter. Cookson Peirce & Co. Inc. now owns 7,470 shares of the insurance provider’s stock worth $334,000 after buying an additional 80 shares during the last quarter. Finally, WealthTrust Axiom LLC raised its stake in BB&T Corporation by 1.3% in the first quarter. WealthTrust Axiom LLC now owns 6,849 shares of the insurance provider’s stock worth $306,000 after buying an additional 85 shares in the last quarter. 64.46% of the stock is currently owned by institutional investors.

BB&T Corporation (NYSE:BBT) opened at 46.12 on Friday. The firm 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 has a 1-year low of $36.75 and a 1-year high of $49.88.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be issued a dividend of $0.33 per share. This is a boost from BB&T Corporation’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Wednesday, August 9th. BB&T Corporation’s dividend payout ratio (DPR) is currently 49.25%.

BB&T Corporation announced that its board has initiated a share buyback plan on Wednesday, June 28th that allows the company to repurchase $1.88 billion in shares. This repurchase authorization allows the insurance provider to purchase up to 5.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

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A number of analysts have weighed in on the company. BMO Capital Markets restated a “hold” rating and set a $48.00 target price on shares of BB&T Corporation in a report on Friday, June 30th. BidaskClub upgraded BB&T Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Hilliard Lyons downgraded BB&T Corporation from a “buy” rating to a “hold” rating and set a $51.00 target price on the stock. in a research report on Friday, July 21st. Macquarie raised BB&T Corporation from an “underperform” rating to a “neutral” rating and set a $47.00 target price on the stock in a research report on Friday, August 4th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $49.00 price target 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 given a hold rating and six have assigned a buy rating to the company’s stock. BB&T Corporation currently has an average rating of “Hold” and an average price target of $47.19.

In related news, EVP William Rufus Yates sold 28,515 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $47.07, for a total transaction of $1,342,201.05. Following the completion of the sale, the executive vice president now directly owns 34,887 shares in the company, valued at $1,642,131.09. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert Jerome Johnson, Jr. sold 18,343 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $47.19, for a total transaction of $865,606.17. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,610 shares of company stock valued at $2,618,364. 0.36% of the stock is currently owned by corporate insiders.

About BB&T Corporation

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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