BB&T Corporation (BBT) : Investment Management Of Virginia reduced its stake in BB&T Corporation by 1.6% during the most recent quarter end. The investment management company now holds a total of 91,895 shares of BB&T Corporation which is valued at $3,480,064 after selling 1,498 shares in BB&T Corporation , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.BB&T Corporation makes up approximately 0.88% of Investment Management Of Virginia’s portfolio.
Other Hedge Funds, Including , Eagle Asset Management Inc boosted its stake in BBT in the latest quarter, The investment management firm added 10,548 additional shares and now holds a total of 708,424 shares of BB&T Corporation which is valued at $27,451,430. BB&T Corporation makes up approx 0.19% of Eagle Asset Management Inc’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.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.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.
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.