Cambridge Investment Research Advisors Inc. Has $6.93 Million Holdings in BB&T Co. (BBT)

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Cambridge Investment Research Advisors Inc. grew its stake in BB&T Co. (NYSE:BBT) by 26.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 148,866 shares of the insurance provider’s stock after buying an additional 31,021 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in BB&T were worth $6,927,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of BBT. Norges Bank purchased a new stake in shares of BB&T during the fourth quarter worth about $302,329,000. BlackRock Inc. grew its position in shares of BB&T by 8.3% during the fourth quarter. BlackRock Inc. now owns 53,579,497 shares of the insurance provider’s stock worth $2,321,062,000 after purchasing an additional 4,086,502 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of BB&T by 4,179.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,647,587 shares of the insurance provider’s stock worth $84,000 after purchasing an additional 3,562,345 shares in the last quarter. Boston Partners grew its position in shares of BB&T by 59.9% during the first quarter. Boston Partners now owns 5,737,854 shares of the insurance provider’s stock worth $266,982,000 after purchasing an additional 2,150,335 shares in the last quarter. Finally, Bahl & Gaynor Inc. grew its position in shares of BB&T by 46.0% during the fourth quarter. Bahl & Gaynor Inc. now owns 5,561,520 shares of the insurance provider’s stock worth $240,925,000 after purchasing an additional 1,753,162 shares in the last quarter. Institutional investors and hedge funds own 67.65% of the company’s stock.

Several analysts recently issued reports on the company. ValuEngine upgraded BB&T from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Morgan Stanley cut their target price on BB&T from $56.00 to $53.00 and set an “equal weight” rating for the company in a research report on Monday, April 22nd. Raymond James cut BB&T from an “outperform” rating to a “market perform” rating and set a $48.49 target price for the company. in a research report on Thursday, April 4th. Deutsche Bank cut BB&T from a “buy” rating to a “hold” rating and set a $45.39 target price for the company. in a research report on Tuesday, March 26th. Finally, Odeon Capital Group assumed coverage on BB&T in a research report on Friday, March 8th. They set a “buy” rating for the company. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. BB&T has a consensus rating of “Hold” and a consensus price target of $53.49.

In other news, Director Patrick C. Graney III purchased 3,890 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The stock was bought at an average cost of $51.04 per share, with a total value of $198,545.60. Following the completion of the purchase, the director now owns 11,456 shares in the company, valued at $584,714.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director I. Patricia Henry sold 2,289 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $51.51, for a total value of $117,906.39. Following the transaction, the director now directly owns 4,543 shares of the company’s stock, valued at $234,009.93. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,358 shares of company stock valued at $416,417. 0.49% of the stock is owned by corporate insiders.

Shares of BB&T stock opened at $48.33 on Friday. BB&T Co. has a 12 month low of $40.68 and a 12 month high of $54.98. The company has a market cap of $37.02 billion, a P/E ratio of 11.93, a PEG ratio of 1.20 and a beta of 1.16. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.88 and a quick ratio of 0.87.

BB&T (NYSE:BBT) last announced its quarterly earnings results on Thursday, April 18th. The insurance provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. BB&T had a return on equity of 12.16% and a net margin of 23.68%. The company had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the company earned $0.94 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. Research analysts predict that BB&T Co. will post 4.3 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be paid a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Tuesday, May 14th. BB&T’s payout ratio is presently 40.00%.

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About BB&T

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.

Further Reading: How to Invest in the Dividend Aristocrat Index

Want to see what other hedge funds are holding BBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BB&T Co. (NYSE:BBT).

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

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