BB&T Co. (BBT) Stake Raised by SWS Partners

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SWS Partners increased its position in shares of BB&T Co. (NYSE:BBT) by 11.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,167 shares of the insurance provider’s stock after acquiring an additional 3,420 shares during the quarter. SWS Partners’ holdings in BB&T were worth $1,437,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC grew its position in BB&T by 1.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 13,505 shares of the insurance provider’s stock valued at $585,000 after purchasing an additional 231 shares in the last quarter. Cornerstone Advisors Inc. grew its position in BB&T by 19.5% during the third quarter. Cornerstone Advisors Inc. now owns 1,468 shares of the insurance provider’s stock valued at $71,000 after purchasing an additional 240 shares in the last quarter. Reynders McVeigh Capital Management LLC grew its position in BB&T by 0.9% during the third quarter. Reynders McVeigh Capital Management LLC now owns 32,960 shares of the insurance provider’s stock valued at $1,600,000 after purchasing an additional 280 shares in the last quarter. Baldwin Brothers Inc. MA grew its position in BB&T by 37.8% during the fourth quarter. Baldwin Brothers Inc. MA now owns 1,142 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 313 shares in the last quarter. Finally, Coastline Trust Co grew its position in BB&T by 0.7% during the fourth quarter. Coastline Trust Co now owns 48,870 shares of the insurance provider’s stock valued at $2,117,000 after purchasing an additional 320 shares in the last quarter. Institutional investors and hedge funds own 64.03% of the company’s stock.

BBT stock opened at $50.24 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $38.72 billion, a price-to-earnings ratio of 12.40, a price-to-earnings-growth ratio of 1.09 and a beta of 1.12. BB&T Co. has a 12 month low of $40.68 and a 12 month high of $56.31.

BB&T (NYSE:BBT) last posted its earnings results on Thursday, January 17th. The insurance provider reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.01. The company had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.98 billion. BB&T had a net margin of 24.15% and a return on equity of 12.13%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 earnings per share. On average, equities research analysts predict that BB&T Co. will post 4.35 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Wednesday, February 13th will be given a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 3.22%. The ex-dividend date is Tuesday, February 12th. BB&T’s dividend payout ratio is 40.00%.

A number of brokerages recently commented on BBT. ValuEngine raised shares of BB&T from a “sell” rating to a “hold” rating in a research report on Saturday, November 10th. Bank of America raised shares of BB&T from a “neutral” rating to a “buy” rating and set a $50.46 price objective on the stock in a research report on Friday. FIG Partners raised shares of BB&T from a “market perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a research report on Friday. Deutsche Bank downgraded shares of BB&T from a “buy” rating to a “hold” rating and set a $49.08 price objective on the stock. in a research report on Friday, January 25th. Finally, BMO Capital Markets lowered their price objective on shares of BB&T from $58.00 to $57.00 and set an “outperform” rating on the stock in a research report on Friday, October 19th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $54.04.

In other BB&T news, Director Patrick C. Graney III bought 4,200 shares of the firm’s stock in a transaction on Thursday, December 6th. The stock was bought at an average cost of $47.56 per share, with a total value of $199,752.00. Following the completion of the transaction, the director now directly owns 4,200 shares of the company’s stock, valued at approximately $199,752. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.51% of the company’s stock.

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BB&T Company Profile

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.

See Also: Index Funds

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

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