Mcmillion Capital Management Inc buys $2.8 Million stake in BB&T Corporation (BBT)

BB&T Corporation (BBT) : Mcmillion Capital Management Inc scooped up 218 additional shares in BB&T Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 83,175 shares of BB&T Corporation which is valued at $2.8 Million.BB&T Corporation makes up approximately 2.07% of Mcmillion Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Mosaic Family Wealth sold out all of its stake in BBT during the most recent quarter. The investment firm sold 13 shares of BBT which is valued $431.Comerica Securities Inc boosted its stake in BBT in the latest quarter, The investment management firm added 456 additional shares and now holds a total of 12,805 shares of BB&T Corporation which is valued at $424,102. BB&T Corporation makes up approx 0.32% of Comerica Securities Inc’s portfolio. Gideon Capital Advisors added BBT to its portfolio by purchasing 38,028 company shares during the most recent quarter which is valued at $1.3 Million. BB&T Corporation makes up approx 1.58% of Gideon Capital Advisors’s portfolio.Tokio Marine Asset Management Co Ltd boosted its stake in BBT in the latest quarter, The investment management firm added 415 additional shares and now holds a total of 23,943 shares of BB&T Corporation which is valued at $814,541. BB&T Corporation makes up approx 0.08% of Tokio Marine Asset Management Co Ltd’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in BBT in the latest quarter, The investment management firm added 15,945 additional shares and now holds a total of 119,376 shares of BB&T Corporation which is valued at $4.1 Million. BB&T Corporation makes up approx 0.11% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.

BB&T Corporation opened for trading at $35.12 and hit $35.415 on the upside on Friday, eventually ending the session at $35.08, with a gain of 0.20% or 0.07 points. The heightened volatility saw the trading volume jump to 38,00,313 shares. Company has a market cap of $27,446 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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