BB&T Corporation (BBT) : Salem Investment Counselors Inc reduced its stake in BB&T Corporation by 16.38% during the most recent quarter end. The investment management company now holds a total of 310,911 shares of BB&T Corporation which is valued at $10.3 Million after selling 60,885 shares in BB&T Corporation , the firm said in a disclosure report filed with the SEC on May 13, 2016.BB&T Corporation makes up approximately 1.29% of Salem Investment Counselors Inc’s portfolio.
Other Hedge Funds, Including , First Republic Investment Management boosted its stake in BBT in the latest quarter, The investment management firm added 12,118 additional shares and now holds a total of 19,824 shares of BB&T Corporation which is valued at $656,571. BB&T Corporation makes up approx 0.01% of First Republic Investment Management’s portfolio.Novare Capital Management boosted its stake in BBT in the latest quarter, The investment management firm added 47,360 additional shares and now holds a total of 130,590 shares of BB&T Corporation which is valued at $4.3 Million. BB&T Corporation makes up approx 1.20% of Novare Capital Management’s portfolio.Nationwide Fund Advisors reduced its stake in BBT by selling 69,849 shares or 10.11% in the most recent quarter. The Hedge Fund company now holds 621,168 shares of BBT which is valued at $21.1 Million. BB&T Corporation makes up approx 0.09% of Nationwide Fund Advisors’s portfolio. Ariel Capital Advisors sold out all of its stake in BBT during the most recent quarter. The investment firm sold 68,771 shares of BBT which is valued $2.3 Million.Cambiar Investors reduced its stake in BBT by selling 392,783 shares or 14.08% in the most recent quarter. The Hedge Fund company now holds 2,396,952 shares of BBT which is valued at $81.5 Million. BB&T Corporation makes up approx 1.18% of Cambiar Investors’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&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.