BB&T Corporation (BBT) : Arcus Capital Partners has sold out all of its stake in BB&T Corporation during the most recent quarter, according to the disclosure filed by the company on Aug 2, 2016 with the SEC. The investment management company has sold out 35,311 shares of BB&T Corporation which is valued at $1,311,451.
Other Hedge Funds, Including , Quantitative Investment Management added BBT to its portfolio by purchasing 13,400 company shares during the most recent quarter which is valued at $497,676. BB&T Corporation makes up approx 0.02% of Quantitative Investment Management’s portfolio.Smith Salley Associates reduced its stake in BBT by selling 6,925 shares or 12.43% in the most recent quarter. The Hedge Fund company now holds 48,802 shares of BBT which is valued at $1,799,330. BB&T Corporation makes up approx 0.40% of Smith Salley Associates’s portfolio.First Niagara Bank reduced its stake in BBT by selling 3,191 shares or 31.91% in the most recent quarter. The Hedge Fund company now holds 6,809 shares of BBT which is valued at $251,593. BB&T Corporation makes up approx 0.07% of First Niagara Bank’s portfolio. Hexavest added BBT to its portfolio by purchasing 1,465,796 company shares during the most recent quarter which is valued at $53,765,397. BB&T Corporation makes up approx 0.80% of Hexavest’s portfolio.Nn Investment Partners Holdings N.v. boosted its stake in BBT in the latest quarter, The investment management firm added 37,700 additional shares and now holds a total of 565,592 shares of BB&T Corporation which is valued at $20,304,753. BB&T Corporation makes up approx 0.19% of Nn Investment Partners Holdings N.v.’s portfolio.
BB&T Corporation closed down -0.06 points or -0.16% at $38 with 30,09,801 shares getting traded on Monday. Post opening the session at $38.1, the shares hit an intraday low of $37.92 and an intraday high of $38.32 and the price fluctuated in this range throughout the day.Shares ended Monday 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&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.