Capital Investment Counsel Inc Lowers stake in BB&T Corporation (BBT)

BB&T Corporation (BBT) : Capital Investment Counsel Inc reduced its stake in BB&T Corporation by 2.4% during the most recent quarter end. The investment management company now holds a total of 52,151 shares of BB&T Corporation which is valued at $1,930,109 after selling 1,283 shares in BB&T Corporation , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.BB&T Corporation makes up approximately 0.96% of Capital Investment Counsel Inc’s portfolio.

Other Hedge Funds, Including , Tiaa Cref Investment Management reduced its stake in BBT by selling 711,143 shares or 15.4% in the most recent quarter. The Hedge Fund company now holds 3,906,171 shares of BBT which is valued at $144,567,389. BB&T Corporation makes up approx 0.11% of Tiaa Cref Investment Management’s portfolio.Ifc Holdings Incorporatedfl boosted its stake in BBT in the latest quarter, The investment management firm added 3,758 additional shares and now holds a total of 13,620 shares of BB&T Corporation which is valued at $505,847. BB&T Corporation makes up approx 0.06% of Ifc Holdings Incorporatedfl’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in BBT by selling 39,249 shares or 19.63% in the most recent quarter. The Hedge Fund company now holds 160,680 shares of BBT which is valued at $5,924,272. BB&T Corporation makes up approx 0.05% of Public Employees Retirement Association Of Colorado’s portfolio.

BB&T Corporation opened for trading at $37.98 and hit $38.04 on the upside on Tuesday, eventually ending the session at $37.86, with a gain of 0.19% or 0.07 points. The heightened volatility saw the trading volume jump to 21,64,475 shares. Company has a market cap of $30,837 M.

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.

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&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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