BB&T Corporation (BBT) : Carl Domino Inc reduced its stake in BB&T Corporation by 6.66% during the most recent quarter end. The investment management company now holds a total of 36,605 shares of BB&T Corporation which is valued at $1,418,444 after selling 2,610 shares in BB&T Corporation , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.BB&T Corporation makes up approximately 1.35% of Carl Domino Inc’s portfolio.
Other Hedge Funds, Including , Prospera Financial Services Inc reduced its stake in BBT by selling 1,125 shares or 8.49% in the most recent quarter. The Hedge Fund company now holds 12,124 shares of BBT which is valued at $469,805. BB&T Corporation makes up approx 0.10% of Prospera Financial Services Inc’s portfolio. Contravisory Investment Management added BBT to its portfolio by purchasing 70 company shares during the most recent quarter which is valued at $2,743.Bnp Paribas Arbitrage Sa reduced its stake in BBT by selling 55,908 shares or 45.69% in the most recent quarter. The Hedge Fund company now holds 66,443 shares of BBT which is valued at $2,580,646. BB&T Corporation makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Washington Trust Bank reduced its stake in BBT by selling 86 shares or 2.39% in the most recent quarter. The Hedge Fund company now holds 3,514 shares of BBT which is valued at $136,484. BB&T Corporation makes up approx 0.03% of Washington Trust Bank’s portfolio.
BB&T Corporation closed down -0.44 points or -1.12% at $38.75 with 74,85,218 shares getting traded on Tuesday. Post opening the session at $39.06, the shares hit an intraday low of $38.66 and an intraday high of $39.42 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, BB&T Corporation reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.68. The company had revenue of $2787.00 million for the quarter, compared to analysts expectations of $2748.91 million. The company’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.
Many Wall Street Analysts have commented on BB&T Corporation. Shares were Downgraded by FBR & Co. on Oct 11, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 40 from a previous price target of $45 .
BB&T Corporation (BB&T) is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary Branch Bank and other nonbank subsidiaries. BB&Ts operations are divided into six reportable business segments: Community Banking Residential Mortgage Banking Dealer Financial Services Specialized Lending Insurance Services and Financial Services and Other Treasury and Corporate. Branch Bank provides a range of banking and trust services for retail and commercial clients in its geographic markets including small and mid-size businesses public agencies local governments and individuals through 1839 offices as of December 31 2014. BB&Ts subsidiaries offer a range of retail and commercial services to retail and commercial clients.