BB&T Corporation (BBT) : Schaper Benz Wise Investment Counsel Incwi scooped up 2,855 additional shares in BB&T Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 130,135 shares of BB&T Corporation which is valued at $4,833,214.BB&T Corporation makes up approximately 0.85% of Schaper Benz Wise Investment Counsel Incwi’s portfolio.
Other Hedge Funds, Including , Davy Asset Management Ltd reduced its stake in BBT by selling 9,695 shares or 3.93% in the most recent quarter. The Hedge Fund company now holds 237,083 shares of BBT which is valued at $8,805,263. BB&T Corporation makes up approx 1.77% of Davy Asset Management Ltd’s portfolio.Oakwood Capital Managementca boosted its stake in BBT in the latest quarter, The investment management firm added 3,500 additional shares and now holds a total of 144,660 shares of BB&T Corporation which is valued at $5,345,187. BB&T Corporation makes up approx 1.35% of Oakwood Capital Managementca’s portfolio.Iab Financial Bank boosted its stake in BBT in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 14,215 shares of BB&T Corporation which is valued at $517,995. BB&T Corporation makes up approx 0.32% of Iab Financial Bank’s portfolio.Gofen Glossberg Il reduced its stake in BBT by selling 5,002 shares or 1.57% in the most recent quarter. The Hedge Fund company now holds 314,536 shares of BBT which is valued at $11,291,842. BB&T Corporation makes up approx 0.46% of Gofen Glossberg Il’s portfolio.Patton Albertson Miller Group reduced its stake in BBT by selling 250 shares or 3.57% in the most recent quarter. The Hedge Fund company now holds 6,750 shares of BBT which is valued at $242,325. BB&T Corporation makes up approx 0.11% of Patton Albertson Miller Group’s portfolio.
BB&T Corporation closed down -0.06 points or -0.16% at $38 with 30,09,801 shares getting traded on Monday. Post opening the session at $38.1, the shares hit an intraday low of $37.92 and an intraday high of $38.32 and the price fluctuated in this range throughout the day.Shares ended Monday 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.
Investors should note that on Jul 26, 2016, BB&T Corporation announced a cash dividend of $0.3000. The company’s management has announced Aug 10, 2016 as the ex-dividend date and fixed the record date on Aug 12, 2016. The payable date has been fixed on Sep 1, 2016.
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 was Downgraded by Sandler O’Neill to ” Hold” on Jun 29, 2016. BB&T Corporation was Upgraded by Sun Trust Rbsn Humphrey to ” Buy” on May 16, 2016.
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.