Carroll Financial Associates buys $5,842,655 stake in BB&T Corporation (BBT)

BB&T Corporation (BBT) : Carroll Financial Associates scooped up 15,203 additional shares in BB&T Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 163,066 shares of BB&T Corporation which is valued at $5,842,655.BB&T Corporation makes up approximately 1.07% of Carroll Financial Associates’s portfolio.

BB&T Corporation opened for trading at $35.36 and hit $35.9 on the upside on Friday, eventually ending the session at $35.83, with a gain of 1.96% or 0.69 points. The heightened volatility saw the trading volume jump to 63,65,189 shares. Company has a market cap of $27,964 M.

Other Hedge Funds, Including , Centurylink Investment Management Co reduced its stake in BBT by selling 1,002 shares or 3.66% in the most recent quarter. The Hedge Fund company now holds 26,404 shares of BBT which is valued at $946,055. BB&T Corporation makes up approx 0.34% of Centurylink Investment Management Co’s portfolio. Oakbrook Investments sold out all of its stake in BBT during the most recent quarter. The investment firm sold 49,150 shares of BBT which is valued $1,672,575. Santa Fe Partners sold out all of its stake in BBT during the most recent quarter. The investment firm sold 56,620 shares of BBT which is valued $1,926,779.Charter Trust Co boosted its stake in BBT in the latest quarter, The investment management firm added 335 additional shares and now holds a total of 12,536 shares of BB&T Corporation which is valued at $408,924. BB&T Corporation makes up approx 0.05% of Charter Trust Co’s portfolio.

On the company’s financial health, BB&T Corporation reported $0.68 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jan 21, 2016. Analyst had a consensus of $0.72. The company had revenue of $2557.00 million for the quarter, compared to analysts expectations of $2587.51 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS.

Many Wall Street Analysts have commented on BB&T Corporation. BB&T Corporation was Downgraded by Raymond James to ” Outperform” on Apr 7, 2016. Shares were Reiterated by Barclays on Apr 6, 2016 to “Equal Weight” and Lowered the Price Target to $ 40 from a previous price target of $41 .Deutsche Bank Resumed BB&T Corporation on Apr 5, 2016 to “Hold”, Price Target of the shares are set at $39.

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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