BB&T Corporation (BBT) : Cetera Investment Advisers reduced its stake in BB&T Corporation by 15.93% during the most recent quarter end. The investment management company now holds a total of 39,346 shares of BB&T Corporation which is valued at $1,456,195 after selling 7,455 shares in BB&T Corporation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.BB&T Corporation makes up approximately 0.55% of Cetera Investment Advisers’s portfolio.
Other Hedge Funds, Including , Rational Advisors sold out all of its stake in BBT during the most recent quarter. The investment firm sold 13,150 shares of BBT which is valued $486,682. Qci Asset Management Incny added BBT to its portfolio by purchasing 89 company shares during the most recent quarter which is valued at $3,387. Quantbot Technologies Lp sold out all of its stake in BBT during the most recent quarter. The investment firm sold 18,104 shares of BBT which is valued $672,383.Capital Investment Advisors boosted its stake in BBT in the latest quarter, The investment management firm added 53 additional shares and now holds a total of 19,847 shares of BB&T Corporation which is valued at $731,957. BB&T Corporation makes up approx 0.07% of Capital Investment Advisors’s portfolio.Blb&b Advisors boosted its stake in BBT in the latest quarter, The investment management firm added 1,976 additional shares and now holds a total of 18,205 shares of BB&T Corporation which is valued at $663,390. BB&T Corporation makes up approx 0.12% of Blb&b Advisors’s portfolio.
BB&T Corporation opened for trading at $37.64 and hit $37.84 on the upside on Friday, eventually ending the session at $37.8, with a gain of 0.13% or 0.05 points. The heightened volatility saw the trading volume jump to 21,65,640 shares. Company has a market cap of $30,788 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&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.