MUFG Americas Holdings Corp decreased its position in BB&T Corporation (NYSE:BBT) by 2.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 85,328 shares of the insurance provider’s stock after selling 1,727 shares during the period. MUFG Americas Holdings Corp’s holdings in BB&T Corporation were worth $3,875,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America increased its stake in shares of 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 valued at $140,000 after buying an additional 21 shares during the period. Canal Capital Management LLC increased its stake in shares of BB&T Corporation by 0.6% in the second quarter. Canal Capital Management LLC now owns 7,832 shares of the insurance provider’s stock valued at $356,000 after buying an additional 48 shares during the period. Cookson Peirce & Co. Inc. increased 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 valued at $334,000 after buying an additional 80 shares during the period. WealthTrust Axiom LLC increased its stake in shares of BB&T Corporation by 1.3% in the first quarter. WealthTrust Axiom LLC now owns 6,849 shares of the insurance provider’s stock valued at $306,000 after buying an additional 85 shares during the period. Finally, Rehmann Capital Advisory Group increased its stake in shares of BB&T Corporation by 0.5% in the first quarter. Rehmann Capital Advisory Group now owns 21,591 shares of the insurance provider’s stock valued at $965,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 64.46% of the company’s stock.

Shares of BB&T Corporation (NYSE:BBT) opened at 46.15 on Friday. BB&T Corporation has a 52-week low of $36.80 and a 52-week high of $49.88. The company has a market capitalization of $37.29 billion, a P/E ratio of 17.23 and a beta of 1.07. The stock’s 50 day moving average is $46.47 and its 200 day moving average is $45.21.

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

The firm 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 $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Wednesday, August 9th. This is an increase from BB&T Corporation’s previous quarterly dividend of $0.30. BB&T Corporation’s dividend payout ratio is 49.25%.

BB&T Corporation announced that its Board of Directors has approved a share repurchase program on Wednesday, June 28th that permits the company to buyback $1.88 billion in outstanding shares. This buyback authorization permits the insurance provider to reacquire up to 5.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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BBT has been the topic of several research analyst reports. BidaskClub cut shares of BB&T Corporation from a “buy” rating to a “hold” rating in a report on Thursday. Wells Fargo & Company initiated coverage on shares of BB&T Corporation in a report on Wednesday, August 9th. They issued a “market perform” rating and a $44.00 price target on the stock. Macquarie raised shares of BB&T Corporation from an “underperform” rating to a “neutral” rating and set a $47.00 price target on the stock in a report on Friday, August 4th. BMO Capital Markets reissued a “hold” rating and issued a $49.00 price target on shares of BB&T Corporation in a report on Friday, July 21st. Finally, Hilliard Lyons cut shares of BB&T Corporation from a “buy” rating to a “hold” rating and set a $51.00 price target on the stock. in a report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $47.19.

In related news, insider David Hudson Weaver sold 8,752 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $46.91, for a total value of $410,556.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP William Rufus Yates sold 28,515 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $47.07, for a total transaction of $1,342,201.05. Following the completion of the transaction, the executive vice president now owns 34,887 shares in the company, valued at approximately $1,642,131.09. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,610 shares of company stock worth $2,618,364. 0.36% of the stock is owned by corporate 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.

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

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