Big Money Are Selling BB&T Corp (NYSE:BBT), Sentiment at 1.12

June 27, 2018 - By Rebecca Betts

BB&T Corporation (NYSE:BBT) Corporate Logo

“Big money” Positions

“Big money sentiment for BB&T Corp (NYSE:BBT) in Q1 2018 decreased to 1.12, SEC filings reveal. So its down -0.03, from 2017Q4’s 1.15. 378 hedge funds increased or started new positions, while 337 cut down and sold their holdings in BB&T Corp so the sentiment fall. These funds own 481.29 million shares, that’s up from 479.66 million shares in 2017Q4. Funds holding BB&T Corp in top 10 changed to 21 from 12 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.

Significant BB&T Corp Shareholders

Montgomery Investment Management Inc owns 557,966 shares in BB&T Corp as of Q1 2018. BB&T Corp’s shareholder Burgundy Asset Management Ltd. owns 8.29 million shares as of Q1 2018. Keating Investment Counselors Inc reported 163,807 shares. The New Jersey-based fund Mcrae Capital Management Inc have invested about 3.89% of the fund’s stock portfolio in BB&T Corp. The Pennsylvania-based fund Wheatland Advisors Inc holds 88,886 shares or 3.82% of their fund portfolio.

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 worth $40.10 billion. It operates in six divisions: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, and Financial Services.The P/E ratio is 15.96. 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.

BBT is hitting $51.42 during the last trading session, after decreased 0.02%.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 the S&P 500 by 16.11%.

BB&T Corporation (NYSE:BBT) is awaited to publish earnings on July, 19., according to Faxor. This year’s EPS analyst estimate is awaited to be $1.01. That is 29.49 % up compareed to $0.78 EPS for last year. If EPS of $1.01 is published the profit of BBT could hit $787.55M giving it 12.73 P/E. 4.12 % EPS growth is what Wall Street’s predicts after $0.97 reported EPS previous quarter.

Aull And Monroe Management reported 0.74% in BB&T Corporation (NYSE:BBT). Tudor Investment Et Al holds 0.01% of its capital in BB&T Corporation (NYSE:BBT) for 5,149 shs. Moreover, Farr Miller And Washington Limited Liability Dc has 2.33% invested in BB&T Corporation (NYSE:BBT). 9,496 were reported by Amer Registered Advisor. Citigroup accumulated 377,812 shs or 0.02% of the stock. Lpl Financial Ltd Company has 198,123 shs. Gamco Et Al reported 17,500 shs. Kistler has invested 0.06% in BB&T Corporation (NYSE:BBT). Liberty Mutual Gp Asset Mgmt accumulated 32,207 shs. 8,500 were accumulated by Hermes Investment Mgmt Limited. Payden And Rygel, California-based fund reported 338,100 shs. Cornerstone invested in 0.04% or 1,207 shs. Capital Fin Advisers Lc invested 0.03% in BB&T Corporation (NYSE:BBT). 786,400 were accumulated by Pggm Invests. Voya Management Llc holds 0.03% or 304,531 shs in its capital.

BB&T Corporation had 17 sales and 0 buys since January 19, 2018. This’s net activity of $25.39 million. Boyer K. David Jr. had sold 2,500 shs worth $130,852. Standridge Brantley J sold $167,146 worth of stock. Another trade for 68,402 shs valued at $3.66M was sold by DUCK BARBARA F. QUBEIN NIDO R also sold $1.15M worth of BB&T Corporation (NYSE:BBT) on Monday, February 5. On Thursday, January 25 Henson Christopher L also sold $2.66M worth of BB&T Corporation (NYSE:BBT). Goodrich Donna C sold $2.41M worth of BB&T Corporation (NYSE:BBT) on Wednesday, April 25.

BB&T Corporation (NYSE:BBT) Ratings Coverage

A total of 19 analysts rate BB&T Corp (NYSE:BBT) as follows: 11 “Buy”, 8 “Hold” and 0 “Sell”. Тherefore 58% are bullish. The firm has $64.0 highest and $50.0 lowest target. The avg target $56.38 is 9.65% above the last ($51.42) price. (NYSE:BBT) has 32 ratings reports on 27 Jun 2018 according to StockzIntelligence. On Monday, January 8 the stock of BB&T Corporation (NYSE:BBT) earned “Buy” rating by SunTrust. On Tuesday, March 27 FBR Capital upgraded BB&T Corporation (NYSE:BBT) to “Buy” rating. On Thursday, April 19 the stock of BB&T Corporation (NYSE:BBT) has “Buy” rating given by SunTrust. On Monday, February 26 Keefe Bruyette & Woods maintained BB&T Corporation (NYSE:BBT) with “Hold” rating. On Monday, April 23 the firm has “Buy” rating given by Hilliard Lyons. On Thursday, February 8 BMO Capital Markets upgraded BB&T Corporation (NYSE:BBT) rating. BMO Capital Markets has “Buy” rating and $64.0 target. On Thursday, January 18 Piper Jaffray maintained BB&T Corporation (NYSE:BBT) rating. Piper Jaffray has “Hold” rating and $55.0 target. On Tuesday, January 9 the firm has “Buy” rating given by Raymond James. On Wednesday, April 11 the company was upgraded by Edward Jones. On Tuesday, March 27 the firm earned “Outperform” rating by Wells Fargo.

For more BB&T Corporation (NYSE:BBT) news released briefly go to: Bizjournals.com, Prnewswire.com, Nasdaq.com, Bizjournals.com or Bizjournals.com. The titles are as follows: “Bank Notes: KeyCorp’s branch closing plan hits Greater Philadelphia” released on June 25, 2018, “BB&T Corporation CEO to present at Morgan Stanley Financials Conference” on June 05, 2018, “Analysis: Positioning to Benefit within Marinus Pharmaceuticals, Valley National, BB&T, Cognizant Technology …” with a publish date: June 27, 2018, “How the revamped Wells Fargo, American Express rewards card stacks up against the competition” and the last “How much does CEO Kelly King believe BB&T will change when he is gone?” with publication date: June 21, 2018.

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

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