BB&T Corp Stock [FallsFell] as Big Money Exit, Sentiment at 1.12

June 27, 2018 - By Alice Reed

BB&T Corporation (NYSE:BBT) Corporate Logo

Positions for BB&T Corp (NYSE:BBT)

“Big money sentiment for BB&T Corp (NYSE:BBT) in Q1 2018 decreased to 1.12, according to Securities and Exchange Commission filings. So its down -0.03, from 2017Q4’s 1.15. 378 investment professionals started new or increased positions, while 337 cut down and sold equity positions in BB&T Corp so the sentiment dived. Funds own 481.29 million shares, up from 479.66 million shares in 2017Q4. Funds holding BB&T Corp in top 10 increased from 12 to 21 for an increase of 9. In total 36 funds closed positions, 301 reduced and 268 increased. Also 110 funds bought new BB&T Corp stakes.

Biggest BB&T Corp Investors

As of Q1 2018 Montgomery Investment Management Inc has 12.19% invested in BB&T Corp. As of Q1 2018, 8.29 million shares of BB&T Corp are owned by Burgundy Asset Management Ltd.. Keating Investment Counselors Inc reported 163,807 shares. Mcrae Capital Management Inc revealed 165,526 shares position in BB&T Corp. The Pennsylvania-based fund Wheatland Advisors Inc looks positive on BB&T Corp, possessing 88,886 shares.

BB&T Corporation operates as a financial holding firm that provides various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals.The firm is valued at $40.10 billion. It operates in six divisions: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, and Financial Services.15.96 is the P/E ratio. The companyÂ’s 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.

Ticker’s shares touched $51.42 during the last trading session after 0.02% change.Currently BB&T Corporation is uptrending after 28.68% change in last June 27, 2017. BBT has also 1.31 million shares volume. BBT outperformed by 16.11% the S&P 500.

On July, 19 BB&T Corporation (NYSE:BBT)’s earnings release is awaited by WallStreet, according to Zacks. EPS of $1.01 is 29.49 % up from 2017’s $0.78 EPS. If the current EPS of $1.01 is accurate, BBT’s profit could hit $787.55 million. Wall Street sees 4.12 % EPS growth as of July, 19.

Strategic holds 0.74% in BB&T Corporation (NYSE:BBT) or 34,286 shs. Crow Point Partners reported 1,732 shs stake. 16,170 are held by Minerva Ltd. The California-based California State Teachers Retirement Sys has invested 0.15% in BB&T Corporation (NYSE:BBT). Cypress Cap Ltd Liability (Wy) reported 0.02% of its capital in BB&T Corporation (NYSE:BBT). Atria Investments Limited Liability invested in 5,345 shs or 0.01% of the stock. 489 are owned by Parkside Bancorp &. First Merchants, a Indiana-based fund reported 84,686 shs. Abner Herrman & Brock Ltd, a New Jersey-based fund reported 40,050 shs. Stanley reported 50,570 shs stake. Asset Strategies accumulated 25,777 shs or 0.4% of the stock. Parallax Volatility Advisers Ltd Partnership has invested 0% in BB&T Corporation (NYSE:BBT). Barclays Public Ltd Co holds 0.07% of its capital in BB&T Corporation (NYSE:BBT) for 1.72M shs. Lowe Brockenbrough & holds 34,839 shs or 0.27% of its capital. Campbell Newman Asset Mgmt stated it has 1.41% in BB&T Corporation (NYSE:BBT).

BB&T Corporation registered $25.39 million net activity with 0 insider buys and 17 insider sales since January 19, 2018. Goodrich Donna C sold $2.41 million worth of BB&T Corporation (NYSE:BBT) on Wednesday, April 25. $155,943 worth of BB&T Corporation (NYSE:BBT) was sold by HENRY I. PATRICIA on Tuesday, March 6. Starnes Clarke R III had sold 22,629 shs worth $1.25M. 60,000 BB&T Corporation (NYSE:BBT) shs with value of $3.28M were sold by KING KELLY S. 5,565 shs were sold by Bradley W Bennett, worth $306,847. On Thursday, January 25 the insider Henson Christopher L sold $2.66M.

BB&T Corporation (NYSE:BBT) Ratings Coverage

In total 19 analysts cover BB&T Corp (NYSE:BBT). “Buy” rating has 11, “Sell” are 0, while 8 are “Hold”. (NYSE:BBT) has 58% bullish analysts. With $64.0 highest and $50.0 lowest PT, BB&T Corp has $56.38 average PT or 9.65% above the current ($51.42) price. 32 are the (NYSE:BBT)’s ratings reports on 27 Jun 2018 according to StockzIntelligence Inc. In Friday, January 19 report Keefe Bruyette & Woods maintained it with “Hold” rating and $57.0 target. On Thursday, January 4 the stock has “Hold” rating by Susquehanna. The stock rating was maintained by BMO Capital Markets with “Buy” on Thursday, April 19. On Thursday, April 19 the firm has “Hold” rating given by Piper Jaffray. On Friday, February 2 the firm has “Equal-Weight” rating given by Morgan Stanley. On Thursday, April 19 the firm has “Hold” rating given by Jefferies. On Tuesday, March 27 the company was upgraded by B. Riley & Co. In Thursday, January 18 report Piper Jaffray maintained the stock with “Hold” rating. The stock rating was maintained by SunTrust with “Buy” on Thursday, April 19. The company rating was upgraded by Raymond James on Tuesday, January 9.

For more BB&T Corporation (NYSE:BBT) news published recently go to: Prnewswire.com, Bizjournals.com, Nasdaq.com, Bizjournals.com or Bizjournals.com. The titles are as follows: “BB&T Corporation CEO to present at Morgan Stanley Financials Conference” published on June 05, 2018, “Bank Notes: KeyCorp’s branch closing plan hits Greater Philadelphia” on June 25, 2018, “Analysis: Positioning to Benefit within Marinus Pharmaceuticals, Valley National, BB&T, Cognizant Technology …” with a publish date: June 27, 2018, “How much does CEO Kelly King believe BB&T will change when he is gone?” and the last “How the revamped Wells Fargo, American Express rewards card stacks up against the competition” with publication date: June 26, 2018.

BB&T Corporation (NYSE:BBT) Institutional Investors Chart

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