Oakwood Capital Managementca buys $5,345,187 stake in BB&T Corporation (BBT)

BB&T Corporation (BBT) : Oakwood Capital Managementca scooped up 3,500 additional shares in BB&T Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 144,660 shares of BB&T Corporation which is valued at $5,345,187.BB&T Corporation makes up approximately 1.35% of Oakwood Capital Managementca’s portfolio.

Other Hedge Funds, Including , Calamos Wealth Management boosted its stake in BBT in the latest quarter, The investment management firm added 5,705 additional shares and now holds a total of 37,812 shares of BB&T Corporation which is valued at $1,397,153. BB&T Corporation makes up approx 0.27% of Calamos Wealth Management’s portfolio.Rehmann Capital Advisory Group boosted its stake in BBT in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 21,326 shares of BB&T Corporation which is valued at $787,996. BB&T Corporation makes up approx 0.14% of Rehmann Capital Advisory Group’s portfolio.Tnb Financial boosted its stake in BBT in the latest quarter, The investment management firm added 7,610 additional shares and now holds a total of 19,811 shares of BB&T Corporation which is valued at $721,913. BB&T Corporation makes up approx 0.18% of Tnb Financial’s portfolio.Davenport Co boosted its stake in BBT in the latest quarter, The investment management firm added 10,898 additional shares and now holds a total of 195,693 shares of BB&T Corporation which is valued at $7,025,379. BB&T Corporation makes up approx 0.10% of Davenport Co’s portfolio.

BB&T Corporation closed down -0.24 points or -0.65% at $36.87 with 36,14,184 shares getting traded on Friday. Post opening the session at $36.96, the shares hit an intraday low of $36.82 and an intraday high of $37.13 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, BB&T Corporation reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.68. The company had revenue of $2787.00 million for the quarter, compared to analysts expectations of $2748.91 million. The company’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.

Investors should note that on Jul 26, 2016, BB&T Corporation announced a cash dividend of $0.3000. The company’s management has announced Aug 10, 2016 as the ex-dividend date and fixed the record date on Aug 12, 2016. The payable date has been fixed on Sep 1, 2016.

Many Wall Street Analysts have commented on BB&T Corporation. Shares were Downgraded by Robert W. Baird on Jul 11, 2016 to ” Neutral” and Lowered the Price Target to $ 37 from a previous price target of $40 .BB&T Corporation was Downgraded by Sandler O’Neill to ” Hold” on Jun 29, 2016. BB&T Corporation was Upgraded by Sun Trust Rbsn Humphrey to ” Buy” on May 16, 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.

Leave a Reply

BB&T Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on BB&T Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.