Quest Capital Management Inc. ADV lessened its holdings in shares of BB&T Co. (NYSE:BBT) by 98.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,129 shares of the insurance provider’s stock after selling 343,671 shares during the period. Quest Capital Management Inc. ADV’s holdings in BB&T were worth $203,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Advisory Services Network LLC lifted its holdings in shares of BB&T by 34.3% during the first quarter. Advisory Services Network LLC now owns 49,790 shares of the insurance provider’s stock worth $2,317,000 after purchasing an additional 12,729 shares during the period. ZWJ Investment Counsel Inc. lifted its holdings in BB&T by 4.4% in the first quarter. ZWJ Investment Counsel Inc. now owns 29,093 shares of the insurance provider’s stock valued at $1,354,000 after buying an additional 1,228 shares during the period. Raymond James & Associates lifted its holdings in BB&T by 13.5% in the first quarter. Raymond James & Associates now owns 2,468,226 shares of the insurance provider’s stock valued at $114,846,000 after buying an additional 292,660 shares during the period. Parallel Advisors LLC lifted its holdings in BB&T by 83.2% in the first quarter. Parallel Advisors LLC now owns 3,107 shares of the insurance provider’s stock valued at $145,000 after buying an additional 1,411 shares during the period. Finally, Advisor Group Inc. lifted its holdings in BB&T by 26.7% in the first quarter. Advisor Group Inc. now owns 78,824 shares of the insurance provider’s stock valued at $3,670,000 after buying an additional 16,608 shares during the period. Institutional investors own 68.38% of the company’s stock.

In other BB&T news, insider David Hudson Weaver sold 21,705 shares of BB&T stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $51.44, for a total value of $1,116,505.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Louis B. Lynn sold 2,500 shares of BB&T stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $48.33, for a total transaction of $120,825.00. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

BBT traded up $0.04 during midday trading on Wednesday, hitting $46.09. The company had a trading volume of 453,003 shares, compared to its average volume of 4,832,249. BB&T Co. has a 52 week low of $40.68 and a 52 week high of $53.08. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $35.39 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.18 and a beta of 1.12. The stock’s 50 day moving average price is $49.17 and its 200 day moving average price is $49.20.

BB&T (NYSE:BBT) last posted its quarterly earnings results on Thursday, July 18th. The insurance provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.04. BB&T had a net margin of 23.58% and a return on equity of 12.23%. The firm had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the firm posted $1.01 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year. Research analysts predict that BB&T Co. will post 4.22 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 14th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend is Tuesday, August 13th. BB&T’s dividend payout ratio (DPR) is currently 44.44%.

Several research firms recently issued reports on BBT. Deutsche Bank set a $59.00 target price on shares of BB&T and gave the company a “buy” rating in a report on Friday, July 26th. Wells Fargo & Co set a $55.00 target price on shares of BB&T and gave the company a “buy” rating in a report on Friday, August 16th. ValuEngine upgraded shares of BB&T from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Morgan Stanley set a $51.00 target price on shares of BB&T and gave the company a “hold” rating in a report on Friday, August 9th. Finally, UBS Group dropped their target price on shares of BB&T from $55.00 to $53.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $53.95.

About BB&T

BB&T Corporation, a holding company, provides banking and trust services for small and mid-size businesses, public agencies, local governments, corporations, and individuals in the Southeastern and Mid-Atlantic United States. The company operates through four segments: Community Banking Retail and Consumer Finance, Community Banking Commercial, Insurance Holdings, and Financial Services and Commercial Finance.

Recommended Story: Strike Price

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

Receive News & Ratings for BB&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BB&T and related companies with MarketBeat.com's FREE daily email newsletter.