UBS Asset Management Americas Inc. boosted its stake in BB&T Corp. (NYSE:BBT) by 3.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,052,242 shares of the company’s stock after buying an additional 60,320 shares during the period. UBS Asset Management Americas Inc.’s holdings in BB&T Corp. were worth $77,410,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TD Asset Management Inc. raised its position in BB&T Corp. by 32.6% in the third quarter. TD Asset Management Inc. now owns 1,103,568 shares of the company’s stock valued at $41,627,000 after buying an additional 271,541 shares during the period. Community Trust & Investment Co. raised its position in BB&T Corp. by 6.4% in the second quarter. Community Trust & Investment Co. now owns 15,350 shares of the company’s stock worth $547,000 after buying an additional 925 shares during the last quarter. Gulf International Bank UK Ltd raised its position in BB&T Corp. by 6.5% in the second quarter. Gulf International Bank UK Ltd now owns 245,028 shares of the company’s stock worth $8,725,000 after buying an additional 15,000 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in BB&T Corp. by 7.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 7,344 shares of the company’s stock worth $262,000 after buying an additional 480 shares during the last quarter. Finally, Perkins Coie Trust Co raised its position in BB&T Corp. by 1.1% in the second quarter. Perkins Coie Trust Co now owns 28,862 shares of the company’s stock worth $1,028,000 after buying an additional 306 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors.

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

Shares of BB&T Corp. (NYSE:BBT) opened at 44.15 on Wednesday. BB&T Corp. has a 52 week low of $29.95 and a 52 week high of $44.88. The firm has a market capitalization of $35.82 billion, a price-to-earnings ratio of 16.41 and a beta of 1.02. The firm’s 50-day moving average price is $40.43 and its 200 day moving average price is $37.67.

BB&T Corp. (NYSE:BBT) last issued its quarterly earnings results on Wednesday, October 19th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.05. BB&T Corp. had a return on equity of 9.45% and a net margin of 20.54%. The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same period last year, the firm earned $0.70 EPS. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. On average, analysts anticipate that BB&T Corp. will post $2.77 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 10th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Tuesday, November 8th. BB&T Corp.’s dividend payout ratio is presently 44.44%.

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BBT has been the topic of a number of recent research reports. FBR & Co set a $40.00 target price on BB&T Corp. and gave the company a “hold” rating in a report on Thursday, October 20th. Barclays PLC reissued a “hold” rating and issued a $40.00 target price on shares of BB&T Corp. in a report on Tuesday, October 11th. Credit Suisse Group AG set a $42.00 target price on BB&T Corp. and gave the company a “buy” rating in a report on Wednesday, September 14th. boosted their target price on BB&T Corp. from $35.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, September 23rd. Finally, Macquarie lowered BB&T Corp. from a “neutral” rating to an “underperform” rating in a report on Thursday, October 20th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $39.79.

In other news, insider Brantley J. Standridge sold 19,873 shares of the firm’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $39.13, for a total transaction of $777,630.49. Following the completion of the sale, the insider now directly owns 30,817 shares of the company’s stock, valued at approximately $1,205,869.21. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director I. Patricia Henry sold 1,000 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $38.13, for a total value of $38,130.00. Following the sale, the director now directly owns 8,090 shares of the company’s stock, valued at $308,471.70. The disclosure for this sale can be found here. Insiders own 0.88% of the company’s stock.

About BB&T Corp.

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