Valley National Advisers Inc Lowers stake in BB&T Corporation (BBT)

BB&T Corporation (BBT) : Valley National Advisers Inc reduced its stake in BB&T Corporation by 54.44% during the most recent quarter end. The investment management company now holds a total of 13,057 shares of BB&T Corporation which is valued at $467,832 after selling 15,605 shares in BB&T Corporation , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.BB&T Corporation makes up approximately 0.25% of Valley National Advisers Inc’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 , Concannon Wealth Management boosted its stake in BBT in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 856 shares of BB&T Corporation which is valued at $30,670. BB&T Corporation makes up approx 0.03% of Concannon Wealth Management’s portfolio.Davis R M Inc boosted its stake in BBT in the latest quarter, The investment management firm added 50,000 additional shares and now holds a total of 65,000 shares of BB&T Corporation which is valued at $2,328,950. BB&T Corporation makes up approx 0.12% of Davis R M Inc’s portfolio.Dalton Greiner Hartman Maher Co reduced its stake in BBT by selling 13,203 shares or 0.91% in the most recent quarter. The Hedge Fund company now holds 1,440,965 shares of BBT which is valued at $49,036,039. BB&T Corporation makes up approx 2.93% of Dalton Greiner Hartman Maher Co’s portfolio.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.Livingston Group Asset Management Co (operating As Southp… boosted its stake in BBT in the latest quarter, The investment management firm added 225 additional shares and now holds a total of 22,937 shares of BB&T Corporation which is valued at $748,205. BB&T Corporation makes up approx 0.49% of Livingston Group Asset Management Co (operating As Southp…’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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