BB&T Corporation (BBT) Insider Donna C. Goodrich Sells 26,869 Shares
BB&T Corporation (NYSE:BBT) insider Donna C. Goodrich sold 26,869 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $49.13, for a total transaction of $1,320,073.97. Following the sale, the insider now directly owns 78,589 shares of the company’s stock, valued at approximately $3,861,077.57. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
BB&T Corporation (NYSE:BBT) last announced its quarterly earnings results on Thursday, October 19th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.85 billion. BB&T Corporation had a return on equity of 9.64% and a net margin of 19.42%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Thursday, November 9th. BB&T Corporation’s payout ratio is currently 49.07%.
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Several large investors have recently made changes to their positions in BBT. BlackRock Inc. lifted its holdings in shares of BB&T Corporation by 2,875.1% during the first quarter. BlackRock Inc. now owns 47,331,820 shares of the insurance provider’s stock valued at $2,115,732,000 after purchasing an additional 45,740,906 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in BB&T Corporation by 3,687.8% in the second quarter. Janus Henderson Group PLC now owns 4,085,012 shares of the insurance provider’s stock valued at $185,500,000 after acquiring an additional 3,977,166 shares during the period. Vanguard Group Inc. lifted its holdings in 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 acquiring an additional 1,656,297 shares during the period. Janus Capital Management LLC lifted its holdings in 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 acquiring an additional 1,062,590 shares during the period. Finally, FMR LLC lifted its holdings in 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 acquiring an additional 998,898 shares during the period. 65.82% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently commented on BBT shares. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $50.00 price objective on shares of BB&T Corporation in a research report on Thursday, October 12th. Zacks Investment Research downgraded shares of BB&T Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Wells Fargo & Company started coverage on shares of BB&T Corporation in a research report on Wednesday, August 9th. They set a “market perform” rating and a $44.00 price objective for the company. Piper Jaffray Companies reaffirmed a “hold” rating and set a $48.00 price objective on shares of BB&T Corporation in a research report on Sunday, October 22nd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $49.00 price objective on shares of BB&T Corporation in a research report on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $49.17.
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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