Schaper Benz Wise Investment Counsel Incwi buys $4,560,442 stake in BB&T Corporation (BBT)

BB&T Corporation (BBT) : Schaper Benz Wise Investment Counsel Incwi scooped up 8,850 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 21, 2016. The investment management firm now holds a total of 127,280 shares of BB&T Corporation which is valued at $4,560,442.BB&T Corporation makes up approximately 0.84% of Schaper Benz Wise Investment Counsel Incwi’s portfolio.

BB&T Corporation closed down -0.01 points or -0.03% at $36.15 with 57,75,393 shares getting traded on Wednesday. Post opening the session at $36.17, the shares hit an intraday low of $35.86 and an intraday high of $36.5 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Pm Capital Ltd reduced its stake in BBT by selling 10,500 shares or 1.89% in the most recent quarter. The Hedge Fund company now holds 544,605 shares of BBT which is valued at $19,513,197. BB&T Corporation makes up approx 3.16% of Pm Capital Ltd’s portfolio.Aull Monroe Investment Management Corp reduced its stake in BBT by selling 100 shares or 0.33% in the most recent quarter. The Hedge Fund company now holds 30,441 shares of BBT which is valued at $1,090,701. BB&T Corporation makes up approx 0.64% of Aull Monroe Investment Management Corp’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.Capstone Asset Management Co reduced its stake in BBT by selling 4,030 shares or 3.57% in the most recent quarter. The Hedge Fund company now holds 108,779 shares of BBT which is valued at $3,701,749. BB&T Corporation makes up approx 0.11% of Capstone Asset Management 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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