Fjarde Ap-fonden Fourth Swedish National Pension Fund buys $7,749,869 stake in BB&T Corporation (BBT)

BB&T Corporation (BBT) : Fjarde Ap-fonden Fourth Swedish National Pension Fund scooped up 7,598 additional shares in BB&T Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 204,536 shares of BB&T Corporation which is valued at $7,749,869.BB&T Corporation makes up approximately 0.17% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.

Other Hedge Funds, Including , Verus Financial Partners reduced its stake in BBT by selling 673 shares or 8.64% in the most recent quarter. The Hedge Fund company now holds 7,119 shares of BBT which is valued at $269,597. BB&T Corporation makes up approx 0.12% of Verus Financial Partners’s portfolio.Capstone Asset Management Co boosted its stake in BBT in the latest quarter, The investment management firm added 1,401 additional shares and now holds a total of 74,965 shares of BB&T Corporation which is valued at $2,904,894. BB&T Corporation makes up approx 0.08% of Capstone Asset Management Co’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in BBT by selling 64,442 shares or 43.2% in the most recent quarter. The Hedge Fund company now holds 84,745 shares of BBT which is valued at $3,321,157. BB&T Corporation makes up approx 0.07% of Oregon Public Employees Retirement Fund’s portfolio.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.

BB&T Corporation opened for trading at $38.4 and hit $38.475 on the upside on Friday, eventually ending the session at $37.89, with a gain of 0.05% or 0.02 points. The heightened volatility saw the trading volume jump to 79,65,854 shares. Company has a market cap of $30,861 M.

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&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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