BB&T Corporation (BBT) : Ntv Asset Management reduced its stake in BB&T Corporation by 0.05% during the most recent quarter end. The investment management company now holds a total of 259,712 shares of BB&T Corporation which is valued at $9,658,689 after selling 128 shares in BB&T Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.BB&T Corporation makes up approximately 3.54% of Ntv Asset Management’s portfolio.
Other Hedge Funds, Including , Finemark National Bank Trust reduced its stake in BBT by selling 1,646 shares or 24.04% in the most recent quarter. The Hedge Fund company now holds 5,202 shares of BBT which is valued at $193,462. BB&T Corporation makes up approx 0.02% of Finemark National Bank Trust’s portfolio. Clear Harbor Asset Management sold out all of its stake in BBT during the most recent quarter. The investment firm sold 7,610 shares of BBT which is valued $289,637.New Mexico Educational Retirement Board boosted its stake in BBT in the latest quarter, The investment management firm added 9,300 additional shares and now holds a total of 95,666 shares of BB&T Corporation which is valued at $3,553,035. BB&T Corporation makes up approx 0.16% of New Mexico Educational Retirement Board’s portfolio.Ibm Retirement Fund boosted its stake in BBT in the latest quarter, The investment management firm added 5,720 additional shares and now holds a total of 106,769 shares of BB&T Corporation which is valued at $3,937,641. BB&T Corporation makes up approx 0.14% of Ibm Retirement Fund’s portfolio.Community Trust Investment Co boosted its stake in BBT in the latest quarter, The investment management firm added 925 additional shares and now holds a total of 15,350 shares of BB&T Corporation which is valued at $551,065. BB&T Corporation makes up approx 0.07% of Community Trust Investment Co’s portfolio.
BB&T Corporation opened for trading at $37.19 and hit $37.62 on the upside on Monday, eventually ending the session at $37.53, with a gain of 1.41% or 0.52 points. The heightened volatility saw the trading volume jump to 23,39,514 shares. Company has a market cap of $30,568 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.