National Pension Service buys $22,340,133 stake in BB&T Corporation (BBT)

BB&T Corporation (BBT) : National Pension Service scooped up 46,787 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 589,605 shares of BB&T Corporation which is valued at $22,340,133.BB&T Corporation makes up approximately 0.18% of National Pension Service’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.Gulf International Bank (uk) Ltd boosted its stake in BBT in the latest quarter, The investment management firm added 2,500 additional shares and now holds a total of 247,528 shares of BB&T Corporation which is valued at $9,373,885. BB&T Corporation makes up approx 0.15% of Gulf International Bank (uk) Ltd’s portfolio.Patten Patten Inctn reduced its stake in BBT by selling 68 shares or 0.84% in the most recent quarter. The Hedge Fund company now holds 7,982 shares of BBT which is valued at $309,303. BB&T Corporation makes up approx 0.04% of Patten Patten Inctn’s portfolio.Legal General Group Plc reduced its stake in BBT by selling 260 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 3,758,887 shares of BBT which is valued at $145,656,871. BB&T Corporation makes up approx 0.15% of Legal General Group Plc’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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