Signition LP Buys Shares of 6,662 BB&T Co. (BBT)

Signition LP bought a new stake in BB&T Co. (NYSE:BBT) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 6,662 shares of the insurance provider’s stock, valued at approximately $331,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. First Eagle Investment Management LLC raised its stake in BB&T by 3.3% during the 3rd quarter. First Eagle Investment Management LLC now owns 16,699,414 shares of the insurance provider’s stock valued at $783,870,000 after acquiring an additional 541,257 shares during the last quarter. Bank of New York Mellon Corp raised its stake in BB&T by 1.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,829,063 shares of the insurance provider’s stock valued at $414,436,000 after acquiring an additional 86,200 shares during the last quarter. Burgundy Asset Management Ltd. raised its stake in BB&T by 0.3% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 8,382,444 shares of the insurance provider’s stock valued at $393,472,000 after acquiring an additional 27,138 shares during the last quarter. American Century Companies Inc. raised its stake in BB&T by 2.5% during the 4th quarter. American Century Companies Inc. now owns 8,318,669 shares of the insurance provider’s stock valued at $413,604,000 after acquiring an additional 201,669 shares during the last quarter. Finally, Boston Partners raised its stake in BB&T by 0.9% during the 4th quarter. Boston Partners now owns 5,957,183 shares of the insurance provider’s stock valued at $296,191,000 after acquiring an additional 55,665 shares during the last quarter. 65.89% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Donna C. Goodrich sold 10,799 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $46.77, for a total value of $505,069.23. Following the completion of the transaction, the insider now directly owns 47,182 shares of the company’s stock, valued at approximately $2,206,702.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Kelly S. King sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $54.68, for a total value of $3,280,800.00. The disclosure for this sale can be found here. Insiders sold a total of 152,923 shares of company stock valued at $8,274,322 over the last ninety days. 0.36% of the stock is currently owned by company insiders.

Several analysts have commented on BBT shares. BMO Capital Markets upped their price objective on BB&T to $64.00 and gave the company a “market perform” rating in a research note on Friday, January 19th. Morgan Stanley raised BB&T from an “underweight” rating to an “equal weight” rating and set a $50.00 price objective for the company in a research note on Monday, January 8th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $48.00 price objective on shares of BB&T in a research note on Sunday, October 22nd. Barclays upped their price objective on BB&T from $51.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Raymond James Financial raised BB&T from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 9th. Fifteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $53.52.

BB&T Co. (BBT) opened at $55.12 on Thursday. BB&T Co. has a one year low of $41.17 and a one year high of $55.99. The stock has a market capitalization of $41,704.38, a P/E ratio of 19.98, a PEG ratio of 1.37 and a beta of 1.06. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.86 and a current ratio of 0.87.

BB&T (NYSE:BBT) last released its quarterly earnings data on Thursday, January 18th. The insurance provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.04. BB&T had a return on equity of 9.93% and a net margin of 19.25%. The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same period last year, the business posted $0.72 EPS. BB&T’s quarterly revenue was up 3.6% on a year-over-year basis. research analysts anticipate that BB&T Co. will post 3.89 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, February 9th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.39%. The ex-dividend date is Thursday, February 8th. BB&T’s payout ratio is currently 48.18%.

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BB&T Profile

BB&T Corporation is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Banking and Trust Company (Branch Bank), and other nonbank subsidiaries. Its segments include Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Holdings and Financial Services.

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Institutional Ownership by Quarter for BB&T (NYSE:BBT)

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