Mercer Global Advisors Inc. ADV Invests $1.01 Million in BB&T Co. (BBT) Stock

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Mercer Global Advisors Inc. ADV bought a new position in BB&T Co. (NYSE:BBT) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 23,224 shares of the insurance provider’s stock, valued at approximately $1,006,000.

Other large investors also recently made changes to their positions in the company. Financial Advantage Inc. bought a new stake in shares of BB&T in the fourth quarter valued at about $27,000. Athena Capital Advisors LLC bought a new stake in shares of BB&T in the fourth quarter valued at about $28,000. Sontag Advisory LLC acquired a new position in BB&T in the fourth quarter worth about $28,000. Truvestments Capital LLC acquired a new position in BB&T in the first quarter worth about $30,000. Finally, Destination Wealth Management raised its position in BB&T by 375.0% in the fourth quarter. Destination Wealth Management now owns 722 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 570 shares in the last quarter. Institutional investors own 65.16% of the company’s stock.

Several research firms recently issued reports on BBT. FIG Partners raised shares of BB&T from a “market perform” rating to an “outperform” rating and set a $60.00 price target for the company in a research report on Friday, February 8th. Zacks Investment Research raised shares of BB&T from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Wednesday, January 2nd. Raymond James lowered shares of BB&T from an “outperform” rating to a “market perform” rating and set a $48.49 price target for the company. in a research report on Thursday, April 4th. BMO Capital Markets increased their price target on shares of BB&T from $52.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, February 11th. Finally, Deutsche Bank raised shares of BB&T from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Monday, March 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. BB&T has a consensus rating of “Hold” and an average price target of $53.86.

NYSE BBT opened at $48.59 on Tuesday. The company has a market cap of $37.11 billion, a PE ratio of 12.00, a PEG ratio of 1.21 and a beta of 1.13. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.89 and a quick ratio of 0.88. BB&T Co. has a 1-year low of $40.68 and a 1-year high of $56.03.

BB&T (NYSE:BBT) last posted its quarterly earnings data on Thursday, January 17th. The insurance provider reported $1.05 earnings per share 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 analyst estimates 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 was up .5% on a year-over-year basis. During the same quarter last year, the business posted $0.83 earnings per share. Equities analysts predict that BB&T Co. will post 4.29 earnings per share for the current year.

In other news, Director Patrick C. Graney III acquired 3,890 shares of the company’s stock in a transaction dated Thursday, February 28th. The stock was bought at an average price of $51.04 per share, with a total value of $198,545.60. Following the completion of the acquisition, the director now owns 11,456 shares in the company, valued at approximately $584,714.24. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director I. Patricia Henry sold 2,289 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $51.51, for a total transaction of $117,906.39. Following the sale, the director now directly owns 4,543 shares of the company’s stock, valued at approximately $234,009.93. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

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BB&T Profile

BB&T Corporation, a holding company, provides banking and trust services for small and mid-size businesses, public agencies, local governments, corporations, and individuals in the Southeastern and Mid-Atlantic United States. The company operates through four segments: Community Banking Retail and Consumer Finance, Community Banking Commercial, Insurance Holdings, and Financial Services and Commercial Finance.

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

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