Teza Capital Management LLC increased its stake in BB&T Co. (NYSE:BBT) by 872.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 97,132 shares of the insurance provider’s stock after acquiring an additional 87,145 shares during the quarter. BB&T makes up 1.4% of Teza Capital Management LLC’s holdings, making the stock its largest holding. Teza Capital Management LLC’s holdings in BB&T were worth $5,055,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also modified their holdings of the company. Delpha Capital Management LLC acquired a new stake in BB&T during the fourth quarter valued at $106,000. Certified Advisory Corp boosted its position in BB&T by 399.6% during the first quarter. Certified Advisory Corp now owns 2,658 shares of the insurance provider’s stock valued at $137,000 after purchasing an additional 2,126 shares during the last quarter. Front Row Advisors LLC acquired a new stake in BB&T during the fourth quarter valued at $142,000. NuWave Investment Management LLC boosted its position in BB&T by 175.7% during the first quarter. NuWave Investment Management LLC now owns 3,168 shares of the insurance provider’s stock valued at $163,000 after purchasing an additional 2,019 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its position in shares of BB&T by 94.8% in the fourth quarter. Valeo Financial Advisors LLC now owns 3,314 shares of the insurance provider’s stock worth $165,000 after buying an additional 1,613 shares during the last quarter. Institutional investors and hedge funds own 63.24% of the company’s stock.
In other news, insider W Bennett Bradley sold 5,565 shares of the stock in a transaction dated Friday, May 18th. The shares were sold at an average price of $55.14, for a total transaction of $306,854.10. Following the completion of the transaction, the insider now directly owns 26,407 shares in the company, valued at approximately $1,456,081.98. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider William Rufus Yates sold 16,279 shares of the stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $54.20, for a total transaction of $882,321.80. Following the transaction, the insider now owns 42,101 shares of the company’s stock, valued at $2,281,874.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 293,659 shares of company stock valued at $15,774,234. Corporate insiders own 0.51% of the company’s stock.
BBT has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $56.00 price target on shares of BB&T in a research report on Thursday, April 5th. Hilliard Lyons raised BB&T from a “neutral” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Monday, April 23rd. Edward Jones upgraded BB&T from a “hold” rating to a “buy” rating in a research note on Wednesday, April 11th. Zacks Investment Research lowered BB&T from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Finally, B. Riley upgraded BB&T from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $55.00 to $59.00 in a research note on Tuesday, March 27th. Thirteen analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $54.48.
BB&T opened at $53.79 on Thursday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a market cap of $42.26 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 1.19 and a beta of 1.03. BB&T Co. has a 52-week low of $43.00 and a 52-week high of $56.31.
BB&T (NYSE:BBT) last posted its quarterly earnings results on Thursday, April 19th. The insurance provider reported $0.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.02. BB&T had a return on equity of 10.38% and a net margin of 21.63%. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the prior year, the business posted $0.46 EPS. The firm’s quarterly revenue was up .8% on a year-over-year basis. analysts expect that BB&T Co. will post 4.01 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Friday, May 11th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Thursday, May 10th. This is a boost from BB&T’s previous quarterly dividend of $0.33. BB&T’s dividend payout ratio is 47.77%.
BB&T Corporation operates as a financial holding company that provides various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals. The company operates through four segments: CB-Retail, CB-Commercial, IH&PF, and FS&CF. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.
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