Fifth Third Bancorp Maintains Position in BB&T Corporation (BBT)

Fifth Third Bancorp held its stake in BB&T Corporation (NYSE:BBT) during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 156,435 shares of the company’s stock at the end of the fourth quarter. Fifth Third Bancorp’s holdings in BB&T Corporation were worth $5,901,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. BP PLC bought a new stake in BB&T Corporation during the second quarter valued at $3,668,000. Kornitzer Capital Management Inc. KS increased its stake in BB&T Corporation by 4.8% in the second quarter. Kornitzer Capital Management Inc. KS now owns 615,785 shares of the company’s stock valued at $21,928,000 after buying an additional 28,375 shares in the last quarter. Concert Wealth Management Inc. bought a new stake in BB&T Corporation during the second quarter valued at $210,000. Aberdeen Asset Management PLC UK increased its stake in BB&T Corporation by 90.1% in the second quarter. Aberdeen Asset Management PLC UK now owns 423,997 shares of the company’s stock valued at $15,098,000 after buying an additional 200,964 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in BB&T Corporation by 25.6% in the second quarter. Bank of New York Mellon Corp now owns 8,641,742 shares of the company’s stock valued at $307,733,000 after buying an additional 1,759,394 shares in the last quarter. 64.13% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for BB&T Corporation (NYSE:BBT)

BB&T Corporation (NYSE:BBT) opened at 48.00 on Friday. BB&T Corporation has a 12-month low of $31.27 and a 12-month high of $48.36. The stock has a market capitalization of $38.85 billion, a price-to-earnings ratio of 17.33 and a beta of 1.05. The firm has a 50-day moving average of $46.58 and a 200 day moving average of $41.95.

BB&T Corporation (NYSE:BBT) last issued its quarterly earnings data on Thursday, January 19th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.73 by $0.01. BB&T Corporation had a return on equity of 9.37% and a net margin of 20.65%. The company earned $2.77 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. On average, analysts predict that BB&T Corporation will post $3.09 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Friday, February 10th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, February 8th. This represents a $1.20 dividend on an annualized basis and a yield of 2.50%. BB&T Corporation’s dividend payout ratio (DPR) is presently 43.17%.

“Fifth Third Bancorp Maintains Position in BB&T Corporation (BBT)” was first reported by BBNS and is owned by of BBNS. If you are reading this news story on another website, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The original version of this news story can be read at https://baseballnewssource.com/markets/fifth-third-bancorp-maintains-position-in-bbt-corporation-bbt/441050.html.

BBT has been the subject of several research analyst reports. Macquarie downgraded shares of BB&T Corporation from a “neutral” rating to an “underperform” rating in a research note on Thursday, October 20th. FBR & Co set a $40.00 price target on shares of BB&T Corporation and gave the company a “hold” rating in a research note on Thursday, October 20th. Morgan Stanley downgraded shares of BB&T Corporation from an “equal weight” rating to an “underweight” rating and set a $42.00 price target for the company. in a research note on Monday, November 14th. They noted that the move was a valuation call. BMO Capital Markets downgraded shares of BB&T Corporation from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $43.00 to $45.00 in a research note on Tuesday, November 15th. They noted that the move was a valuation call. Finally, Deutsche Bank AG lifted their price target on shares of BB&T Corporation from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, November 30th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. BB&T Corporation currently has a consensus rating of “Hold” and an average target price of $43.53.

In other BB&T Corporation news, insider Brantley J. Standridge sold 25,626 shares of the stock in a transaction that occurred on Wednesday, January 25th. The shares were sold at an average price of $46.59, for a total transaction of $1,193,915.34. Following the sale, the insider now directly owns 33,160 shares in the company, valued at approximately $1,544,924.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Cynthia B. Powell sold 13,465 shares of the stock in a transaction that occurred on Thursday, January 26th. The stock was sold at an average price of $47.19, for a total transaction of $635,413.35. Following the sale, the insider now owns 19,034 shares in the company, valued at $898,214.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,659,275 shares of company stock worth $77,502,632. 0.88% of the stock is owned by company insiders.

BB&T Corporation Company Profile

5 Day Chart for NYSE:BBT

Receive News & Ratings for BB&T Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BB&T Corporation and related companies with our FREE daily email newsletter.

 

Latest News

Alex Rodriguez: No Comeback for Me
Alex Rodriguez: No Comeback for Me
Cleveland Indians Moving Along Slowly with Corey Kluber
Cleveland Indians Moving Along Slowly with Corey Kluber
Garrett Richards Returns Without Tommy John Surgery
Garrett Richards Returns Without Tommy John Surgery
Chris Tillman Injury Will Test Rotation Depth with Orioles
Chris Tillman Injury Will Test Rotation Depth with Orioles
Brandon Phillips Traded to Atlanta by Cincinnati
Brandon Phillips Traded to Atlanta by Cincinnati
Rumor: Miami Marlins Reach Tentative Agreement to Sell
Rumor: Miami Marlins Reach Tentative Agreement to Sell


Leave a Reply

 
© 2006-2017 BBNS.