Homrich & Berg increased its holdings in BB&T Co. (NYSE:BBT) by 3.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,839 shares of the insurance provider’s stock after purchasing an additional 335 shares during the period. Homrich & Berg’s holdings in BB&T were worth $434,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Cypress Capital Management LLC raised its holdings in BB&T by 3.2% during the 2nd quarter. Cypress Capital Management LLC now owns 217,891 shares of the insurance provider’s stock valued at $10,705,000 after buying an additional 6,850 shares during the last quarter. National Asset Management Inc. raised its holdings in BB&T by 19.4% during the 2nd quarter. National Asset Management Inc. now owns 12,155 shares of the insurance provider’s stock valued at $599,000 after buying an additional 1,975 shares during the last quarter. Parallel Advisors LLC raised its holdings in BB&T by 153.2% during the 2nd quarter. Parallel Advisors LLC now owns 7,868 shares of the insurance provider’s stock valued at $387,000 after buying an additional 4,761 shares during the last quarter. Brighton Jones LLC raised its holdings in BB&T by 115.5% during the 2nd quarter. Brighton Jones LLC now owns 10,901 shares of the insurance provider’s stock valued at $536,000 after buying an additional 5,842 shares during the last quarter. Finally, Securian Asset Management Inc raised its holdings in BB&T by 1.1% during the 2nd quarter. Securian Asset Management Inc now owns 78,905 shares of the insurance provider’s stock valued at $3,877,000 after buying an additional 864 shares during the last quarter. 68.38% of the stock is owned by institutional investors.

In related news, Director Louis B. Lynn sold 2,500 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $48.33, for a total value of $120,825.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Hudson Weaver sold 21,705 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $51.44, for a total transaction of $1,116,505.20. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

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

Shares of BB&T stock traded down $0.02 during trading on Friday, hitting $46.66. The company’s stock had a trading volume of 48,092 shares, compared to its average volume of 4,837,076. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.87 and a current ratio of 0.88. The company has a fifty day simple moving average of $49.08 and a two-hundred day simple moving average of $49.18. The company has a market capitalization of $35.27 billion, a PE ratio of 11.51, a P/E/G ratio of 1.17 and a beta of 1.12. BB&T Co. has a 52 week low of $40.68 and a 52 week high of $52.70.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Wednesday, August 14th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, August 13th. This represents a $1.80 annualized dividend and a dividend yield of 3.86%. BB&T’s payout ratio is 44.44%.

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.

See Also: Overbought

Want to see what other hedge funds are holding BBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BB&T Co. (NYSE:BBT).

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.