BB&T Corporation (BBT) : Vantage Investment Advisors reduced its stake in BB&T Corporation by 20.48% during the most recent quarter end. The investment management company now holds a total of 137,323 shares of BB&T Corporation which is valued at $4.5 Million after selling 35,377 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 2.01% of Vantage Investment Advisors’s portfolio.
Other Hedge Funds, Including , Pinnacle Associates Ltd reduced its stake in BBT by selling 76 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 130,609 shares of BBT which is valued at $4.3 Million. BB&T Corporation makes up approx 0.10% of Pinnacle Associates Ltd’s portfolio.Bainco International Investors boosted its stake in BBT in the latest quarter, The investment management firm added 7,950 additional shares and now holds a total of 149,995 shares of BB&T Corporation which is valued at $5 Million. BB&T Corporation makes up approx 1.19% of Bainco International Investors’s portfolio.Pettyjohn Wood White Inc boosted its stake in BBT in the latest quarter, The investment management firm added 2,907 additional shares and now holds a total of 91,587 shares of BB&T Corporation which is valued at $3 Million. BB&T Corporation makes up approx 1.24% of Pettyjohn Wood White Inc’s portfolio.Whittier Trust Co reduced its stake in BBT by selling 40 shares or 0.92% in the most recent quarter. The Hedge Fund company now holds 4,300 shares of BBT which is valued at $152,134. BB&T Corporation makes up approx 0.01% of Whittier Trust Co’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.