Exxonmobil Investment Management Inc Tx Lowers stake in BB&T Corporation (BBT)

BB&T Corporation (BBT) : Exxonmobil Investment Management Inc Tx reduced its stake in BB&T Corporation by 2.12% during the most recent quarter end. The investment management company now holds a total of 207,971 shares of BB&T Corporation which is valued at $8,087,992 after selling 4,510 shares in BB&T Corporation , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.BB&T Corporation makes up approximately 0.17% of Exxonmobil Investment Management Inc Tx’s portfolio.

Other Hedge Funds, Including , Central Bank Trust Co boosted its stake in BBT in the latest quarter, The investment management firm added 922 additional shares and now holds a total of 14,936 shares of BB&T Corporation which is valued at $580,861. BB&T Corporation makes up approx 0.17% of Central Bank Trust Co’s portfolio.Franklin Street Advisors Inc Nc boosted its stake in BBT in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 28,290 shares of BB&T Corporation which is valued at $1,098,784. BB&T Corporation makes up approx 0.20% of Franklin Street Advisors Inc Nc’s portfolio.Chevy Chase Trust Holdings reduced its stake in BBT by selling 21,592 shares or 2.91% in the most recent quarter. The Hedge Fund company now holds 719,381 shares of BBT which is valued at $27,940,758. BB&T Corporation makes up approx 0.15% of Chevy Chase Trust Holdings’s portfolio.Kempner Capital Management reduced its stake in BBT by selling 1,300 shares or 3.4% in the most recent quarter. The Hedge Fund company now holds 36,920 shares of BBT which is valued at $1,433,973. BB&T Corporation makes up approx 0.98% of Kempner Capital Management’s portfolio.Cullinan Associates Inc boosted its stake in BBT in the latest quarter, The investment management firm added 1,600 additional shares and now holds a total of 231,355 shares of BB&T Corporation which is valued at $8,985,828. BB&T Corporation makes up approx 0.77% of Cullinan Associates Inc’s portfolio.

BB&T Corporation closed down -0.07 points or -0.18% at $38.89 with 37,02,335 shares getting traded on Friday. Post opening the session at $38.94, the shares hit an intraday low of $38.49 and an intraday high of $39.05 and the price fluctuated in this range throughout the day.Shares ended Friday 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 Robert W. Baird on Jul 11, 2016 to ” Neutral” and Lowered the Price Target to $ 37 from a previous price target of $40 .

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&T’s 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&T’s subsidiaries offer a range of retail and commercial services to retail and commercial clients.

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