BB&T Corporation (BBT) : Stadion Money Management added new position in BB&T Corporation during the most recent quarter end. The investment management firm now holds 78,644 shares of BB&T Corporation which is valued at $3,291,251 , the company said in a statement filed on Nov 14, 2016 with the SEC.BB&T Corporation makes up approximately 0.11% of Stadion Money Management’s portfolio.
Other Hedge Funds, Including , Advantus Capital Management Inc boosted its stake in BBT in the latest quarter, The investment management firm added 103 additional shares and now holds a total of 79,887 shares of BB&T Corporation which is valued at $3,423,158. BB&T Corporation makes up approx 0.10% of Advantus Capital Management Inc’s portfolio.Sii Investments Incwi boosted its stake in BBT in the latest quarter, The investment management firm added 142 additional shares and now holds a total of 6,930 shares of BB&T Corporation which is valued at $287,041. BB&T Corporation makes up approx 0.02% of Sii Investments Incwi’s portfolio.Amg National Trust Bank boosted its stake in BBT in the latest quarter, The investment management firm added 9,667 additional shares and now holds a total of 107,826 shares of BB&T Corporation which is valued at $4,152,379. BB&T Corporation makes up approx 0.37% of Amg National Trust Bank’s portfolio.Capital Investment Counsel Inc reduced its stake in BBT by selling 262 shares or 0.5% in the most recent quarter. The Hedge Fund company now holds 51,889 shares of BBT which is valued at $2,003,953. BB&T Corporation makes up approx 1.03% of Capital Investment Counsel Inc’s portfolio.
BB&T Corporation opened for trading at $44 and hit $44.55 on the upside on Monday, eventually ending the session at $44.49, with a gain of 1.09% or 0.48 points. The heightened volatility saw the trading volume jump to 75,78,132 shares. Company has a market cap of $36,100 M.
On the company’s financial health, BB&T Corporation reported $0.76 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Oct 19, 2016. Analyst had a consensus of $0.71. The company had revenue of $2814.00 million for the quarter, compared to analysts expectations of $2793.10 million. The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.
Many Wall Street Analysts have commented on BB&T Corporation. BB&T Corporation was Downgraded by Morgan Stanley to ” Underweight” on Nov 14, 2016. BB&T Corporation was Downgraded by Macquarie to ” Underperform” on Oct 20, 2016. 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.