Taking a Look at the Data Behind BB&T Corporation (BBT)

Co increased its position in shares of BB&T Corporation (NYSE:BBT) by 6.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The stock declined 1.61% or $3.16 reaching $192.6 per share.

Vaughan David Investments Inc/il reports that it lowered its ownership in BB&T Corp by 0.4% as reported in a filing on 11/13/2017.

A number of analysts recently issued reports on BBT shares. Bb&T (Bank) Corporation now has $36.68 billion valuation. Bainco International Investors now owns 174,778 shares of the insurance provider's stock valued at $8,204,000 after purchasing an additional 13,505 shares during the period. Hancock Holding Co. now owns 152,670 shares of the company's stock worth $5,080,000 after buying an additional 74,619 shares during the last quarter. California State Teachers Retirement System owns 1,430,534 shares worth $67,149,000. First Eagle Investment Management LLC increased its position in BB&T Corporation by 3.5% during the second quarter. Finally, Enterprise Financial Services Corp raised its stake in shares of BB&T Corporation by 195.1% in the 3rd quarter. Institutional investors and hedge funds own 65.64% of the company's stock.

The company is so far trading down since yesterday's close of 46.48. About 6.27M shares traded or 46.50% up from the average. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.78. BB&T Corporation has a 12 month low of $41.17 and a 12 month high of $49.91. Nuance Communications, Inc. (NASDAQ:NUAN) earnings have risen with a quarterly rate of 8.1% over the last 5 years. In the latest earnings report the EPS was $2.69 with 788.92M shares presently outstanding. The company had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.85 billion.

The collective rating of 2.6 for BB&T Corporation (NYSE:BBT) also leans strongly towards the neutral end of the spectrum. The business's revenue for the quarter was up 1.4% compared to the same quarter a year ago.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Exxonmobil Investment Management Tx holds 0.05% of its portfolio in W W Grainger Inc (NYSE:GWW) for 10,317 shares. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $1.20 annualized dividend and a yield of 3.12%.

WARNING: This piece of content was originally reported by Week Herald and is the sole property of of Week Herald. If you are accessing this report on another website, it was illegally stolen and reposted in violation of U.S. & worldwide copyright and trademark laws. The correct version of this article can be read at https://www.truebluetribune.com/2017/11/13/state-board-of-administration-of-florida-retirement-system-lowers-stake-in-bbt-corporation-bbt.html. Separately, Director BANNER JENNIFER S Sell 11508 shares of the company at a price of $48.6 on 2017-10-26. Following the sale, the executive vice president now owns 24,341 shares of the company's stock, valued at $1,172,262.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

In related news, Chairman Kelly S. King sold 66,372 shares of the firm's stock in a transaction that occurred on Friday, October 20th. It improved, as 62 investors sold BBT shares while 256 reduced holdings. The disclosure for this sale can be found here. Engineers Gate Manager LP invested in 45,866 shares or 0.19% of the stock. According to today's trading volume BB&T Corporation is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. The rating was maintained by Morgan Stanley on Friday, October 20 with "Underweight".

Among analysts who offered their Analysis on BB&T Corporation (BBT)-5 analysts issued Buy for the stock, 4 analysts gave Outperform rating, 19 think it's a Hold, 1 issued Underperform, while 0 analyst gave a Sell rating. Piper Jaffray maintained BB&T Corporation (NYSE:BBT) rating on Tuesday, August 15. On October 20 SunTrust Banks left the company rating at "Buy" projecting a price of $52.00.

The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 2.90 for RF and 2.60 for BBT, which implies that analysts are more bullish on the outlook for RF.

BB&T Corporation is a multi-bank holding company.

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