Hrt Financial adds BB&T Corporation (BBT) to its portfolio

BB&T Corporation (BBT) : Hrt Financial added new position in BB&T Corporation during the most recent quarter end. The investment management firm now holds 6,135 shares of BB&T Corporation which is valued at $203,191 , the company said in a statement filed on May 13, 2016 with the SEC.BB&T Corporation makes up approximately 0.21% of Hrt Financial’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp boosted its stake in BBT in the latest quarter, The investment management firm added 260,156 additional shares and now holds a total of 621,648 shares of BB&T Corporation which is valued at $20.6 Million. BB&T Corporation makes up approx 0.07% of Susquehanna International Group Llp’s portfolio. Trexquant Investment Lp added BBT to its portfolio by purchasing 26,600 company shares during the most recent quarter which is valued at $880,992. BB&T Corporation makes up approx 0.10% of Trexquant Investment Lp’s portfolio.Fukoku Mutual Life Insurance Co boosted its stake in BBT in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 6,300 shares of BB&T Corporation which is valued at $208,656. BB&T Corporation makes up approx 0.05% of Fukoku Mutual Life Insurance Co’s portfolio. Amica Mutual Insurance Co added BBT to its portfolio by purchasing 44,579 company shares during the most recent quarter which is valued at $1.5 Million. BB&T Corporation makes up approx 0.14% of Amica Mutual Insurance Co’s portfolio.Goelzer Investment Management boosted its stake in BBT in the latest quarter, The investment management firm added 2,249 additional shares and now holds a total of 79,240 shares of BB&T Corporation which is valued at $2.7 Million. BB&T Corporation makes up approx 0.39% of Goelzer Investment Management’s portfolio.

BB&T Corporation opened for trading at $35.82 and hit $36.55 on the upside on Wednesday, eventually ending the session at $36.37, with a gain of 2.34% or 0.83 points. The heightened volatility saw the trading volume jump to 57,19,077 shares. Company has a market cap of $28,455 M.

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 Upgraded by Sun Trust Rbsn Humphrey to ” Buy” on May 16, 2016. BB&T Corporation was Downgraded by Raymond James to ” Mkt Perform” on May 9, 2016. BB&T Corporation was Downgraded by Raymond James to ” Outperform” on Apr 7, 2016.

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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