BB&T Corporation (NYSE:BBT) Receives "Hold" Rating from Jefferies Group LLC

Paterniano Del Favero
Agosto 6, 2017

NN Investment Partners Holdings N.V.'s holdings in BB&T Corporation were worth $17,550,000 as of its most recent SEC filing. TX's holdings in BB&T Corporation were worth $7,074,000 as of its most recent filing with the SEC. Quadrature Capital Ltd acquired a new stake in BB&T Corporation during the fourth quarter valued at approximately $4,670,000. Kempner Capital Management Inc. now owns 37,160 shares of the insurance provider's stock valued at $1,661,000 after buying an additional 3,140 shares during the period. Newman Dignan & Sheerar Inc. raised its position in BB&T Corporation by 2.2% in the first quarter. Newman Dignan & Sheerar Inc. now owns 19,934 shares of the insurance provider's stock valued at $891,000 after buying an additional 433 shares during the period. Finally, Welch Group LLC purchased a new stake in shares of BB&T Corporation during the first quarter worth approximately $151,000. Quadrant Capital Group LLC now owns 3,152 shares of the insurance provider's stock valued at $135,000 after buying an additional 79 shares during the period. FMR LLC increased its position in shares of BB&T Corporation by 1.1% in the fourth quarter. Koshinski Asset Management Inc. now owns 8,559 shares of the insurance provider's stock valued at $383,000 after buying an additional 692 shares during the period.

BB&T Corporation (NYSE:BBT) declined 0.19% throughout intraday market trading on Early Thur, topping $47.84. the share had a trading volume of 2,861,420 Stocks. 1,109,257 shares of the company's stock traded hands. The company has market cap of 1.25 billion GBP. GBX 302.80's average target is -34.22% below currents GBX 460.33 stock price. During the last 52 weeks, the price has been as high as $49.88 and as low as $36.45. Brokerage firms predict that BB&T Corporation to post $2.83 earnings per share for the full year.

Over the past five trading sessions shares of BB&T Corporation (NYSE:BBT) are 2.52%; 3.92% for the month; 8.56% for the last quarter; 4.31% for the past six-months; and 31.75% for the last 12 months. BB&T Corporation had a net profit margin of 19.57% and a ROE of 9.62%. The Philadelphia Trust Company holds 589,131 shares with $27.70 million value, down from 629,131 last quarter. During the same period past year, the company posted $0.71 earnings per share.

Shares of BB&T Corporation (BBT) traded up 1.23% on Friday, hitting $48.43.

BB&T Corporation declared that its board has approved a stock repurchase plan on Wednesday, June 28th that authorizes the company to buyback $1.88 billion in shares. This buyback authorization permits the insurance provider to repurchase up to 5.2% of its shares through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be issued a dividend of $0.33 per share. This is an increase from BB&T Corporation's previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, August 9th. BB&T Corporation's yield is presently 44.78%. Modera Wealth Management LLC's holdings in BB&T Corporation were valued $860,000 as of its latest document with the Security and Exchange Commission.

ILLEGAL ACTIVITY WARNING: This piece was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this news story on another website, it was illegally stolen and republished in violation of USA and global copyright and trademark law. The original version of this news story can be accessed at https://www.chaffeybreeze.com/2017/08/03/bbt-corporation-nysebbt-earns-daily-media-sentiment-score-of-0-25-updated-updated.html. The other 11 are split, though not evenly, between analysts who think you should buy its stock versus those who think you should sell it. BMO Capital Markets reiterated a "hold" rating and issued a $49.00 price target on shares of BB&T Corporation in a report on Friday, July 21st. Hilliard Lyons lifted BB&T Corporation from a "neutral" recommendation to a "buy" recommendation and trimmed their PT for the shares from $51.00 to $49.00 in a study report on early Mon, Apr 24th. BidaskClub raised shares of BB&T Corporation from a "sell" rating to a "hold" rating in a research report on Saturday, June 10th. Jefferies Group LLC reissued a "hold" rating and issued a $49.00 price target on shares of BB&T Corporation in a report on Friday, July 14th. Oppenheimer Holdings, Inc. reiterated a "hold" rating on shares of BB&T Corporation in a report on Thursday, April 20th. Out of 2 Wall Street analysts rating Corrections Corp, 1 give it "Buy", 0 "Sell" rating, while 1 recommend "Hold". BB&T Corporation now has an average rating of "Hold" and a consensus price target of $47.43. Also, EVP William Rufus Yates sold 28,515 shares of BB&T Corporation stock in a transaction dated Wednesday, July 26th.

Market capitalization is the total market value of all of a company's outstanding shares. Also, insider Robert Jerome Johnson, Jr. sold 18,343 shares of BB&T Corporation stock in a transaction dated Wednesday, July 26th. Sell-side analyst recommendations point to a short term price target of $48.03 on the company shares.

Altre relazioni OverNewsmagazine

Discuti questo articolo

SEGUI I NOSTRI GIORNALE