BB&T Corporation (BBT) : Ntv Asset Management scooped up 21 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 2, 2016. The investment management firm now holds a total of 259,840 shares of BB&T Corporation which is valued at $8,839,757.BB&T Corporation makes up approximately 3.38% of Ntv Asset Management’s portfolio.
BB&T Corporation opened for trading at $33.73 and hit $34.06 on the upside on Friday, eventually ending the session at $34.02, with a gain of 0.06% or 0.02 points. The heightened volatility saw the trading volume jump to 26,82,136 shares. Company has a market cap of $26,617 M.
Other Hedge Funds, Including , Diversified Trust Co sold out all of its stake in BBT during the most recent quarter. The investment firm sold 5,874 shares of BBT which is valued $199,833.Ohio National Investments boosted its stake in BBT in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 17,500 shares of BB&T Corporation which is valued at $619,150. BB&T Corporation makes up approx 0.11% of Ohio National Investments’s portfolio.Schaper Benz Wise Investment Counsel Incwi boosted its stake in BBT in the latest quarter, The investment management firm added 8,850 additional shares and now holds a total of 127,280 shares of BB&T Corporation which is valued at $4,560,442. BB&T Corporation makes up approx 0.84% of Schaper Benz Wise Investment Counsel Incwi’s portfolio.Next Financial Group Inc boosted its stake in BBT in the latest quarter, The investment management firm added 70 additional shares and now holds a total of 2,272 shares of BB&T Corporation which is valued at $81,406. BB&T Corporation makes up approx 0.03% of Next Financial Group Inc’s portfolio.Centurylink Investment Management Co reduced its stake in BBT by selling 1,002 shares or 3.66% in the most recent quarter. The Hedge Fund company now holds 26,404 shares of BBT which is valued at $946,055. BB&T Corporation makes up approx 0.34% of Centurylink Investment 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&Ts 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&Ts subsidiaries offer a range of retail and commercial services to retail and commercial clients.