BB&T Corporation (NYSE:BBT) Shares Sold by Washington Trust Bank

Paterniano Del Favero
Agosto 19, 2017

WARNING: "BB&T Corporation (BBT) is Carnick & Kubik Group LLC's 3rd Largest Position" was originally published by Week Herald and is the property of of Week Herald. The stock decreased 1.41% or $0.66 during the last trading session, reaching $46.16. Professional Advisory Services Inc.'s holdings in BB&T Corporation were worth $9,325,000 at the end of the most recent quarter.

Stadion Money Management Llc decreased Bb&T Corp (BBT) stake by 11.54% reported in 2016Q4 SEC filing. Manning & Napier Advisors LLC now owns 150,288 shares of the insurance provider's stock worth $6,823,000 after buying an additional 68,313 shares in the last quarter. BlackRock Inc. increased its stake in shares of BB&T Corporation by 2,875.1% in the first quarter. Guardian Life Insurance Co. of America now owns 3,130 shares of the insurance provider's stock valued at $140,000 after buying an additional 21 shares during the period. Finally, Welch Group LLC acquired a new position in BB&T Corporation during the first quarter worth $151,000. Gradient Investments LLC boosted its stake in BB&T Corporation by 39.0% in the second quarter. Sheets Smith Wealth Management boosted its stake in BB&T Corporation by 36.7% in the second quarter. (NYSE:RES). Tiaa Cref Invest Management Limited Liability Co, New York-based fund reported 1.10M shares. About shares traded. BB&T Corporation (NYSE:BBT) has risen 20.68% since August 17, 2016 and is uptrending. Jarislowsky Fraser Ltd sold 13,179 shares as Bb&T Corporation (BBT)'s stock declined 11.91%. The firm has a 50 day moving average of $46.31 and a 200 day moving average of $45.20. Looking at the stock's movement on the chart, BB&T Corporation recorded a 52-week high of $49.88. The company has market cap of $8.87 billion.

BB&T Corporation (NYSE:BBT) released its quarterly earnings results on Thursday, July 20th. The insurance provider reported $0.77 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.77, MarketWatch Earnings reports. BB&T Corporation had a return on equity of 9.62% and a net margin of 19.57%. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.89 billion. Dynamic Advisors Solutions Ltd Liability Company owns 12,033 shares or 0.23% of their U.S. portfolio. The business's revenue was up 2.4% on a year-over-year basis. On average, analysts forecast that BB&T Corporation will post $2.84 earnings per share for the current fiscal year.

The business 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.

Since March 1, 2017, it had 0 insider buys, and 5 selling transactions for $2.07 million activity. The firm has "Hold" rating given on Wednesday, August 12 by Deutsche Bank. Guyasuta Inv has invested 0.04% in BB&T Corporation (NYSE:BBT). BB&T Corporation's payout ratio is presently 49.25%.

BB&T Corporation announced that its board has initiated a stock repurchase program on Wednesday, June 28th that authorizes the company to repurchase $1.88 billion in outstanding shares. This repurchase authorization authorizes the insurance provider to purchase up to 5.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its shares are undervalued. Balyasny Asset Management Llc who had been investing in Voya Financial Inc for a number of months, seems to be less bullish one the $6.72B market cap company. If you are viewing this story on another site, it was copied illegally and republished in violation of US and worldwide trademark & copyright legislation. The correct version of this story can be read at BB&T Corp had 58 analyst reports since July 17, 2015 according to SRatingsIntel. Wells Fargo & Company started coverage on BB&T Corporation in a report on Wednesday, August 9th. They set a "market perform" rating and a $44.00 target price on the stock. Jefferies maintained BB&T Corporation (NYSE:BBT) rating on Thursday, June 8. Arrowgrass Cap (Us) Limited Partnership holds 0.04% of its portfolio in BB&T Corporation (NYSE:BBT) for 80,502 shares.

BBT has been the subject of several analyst reports. BMO Capital Markets reaffirmed a "hold" rating and set a $49.00 price target on shares of BB&T Corporation in a report on Friday, July 21st. One 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. The stock's average target of $75 is 24.83% above today's ($60.08) share price.

In other BB&T Corporation news, insider Robert Jerome Johnson, Jr. sold 18,343 shares of the firm's stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $47.19, for a total value of $865,606.17. $481,508 worth of BB&T Corporation (NYSE:BBT) shares were sold by PATTON CHARLES A. 21,025 shares valued at $1.00 million were sold by Thompson Thomas Nichols on Wednesday, March 15. The recommendation scale measures the value from 1 to 5, where 1 means "Buy" and 5 stands for "Sell". Following the completion of the sale, the executive vice president now owns 34,887 shares of the company's stock, valued at $1,642,131.09. The disclosure for this sale can be found here. Pinnacle Financial Prns invested 0.33% in BB&T Corporation (NYSE:BBT). The Firm conducts its banking activities through separately managed and branded divisions, including Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, The Commerce Bank of Washington (TCBW) and Other.

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