Do Institutional Investors Hate BB&T Corp (NYSE:BBT)?

June 29, 2018 - By Mari Anderson

BB&T Corporation (NYSE:BBT) Logo

Sentiment for BB&T Corp (NYSE:BBT)

BB&T Corp (NYSE:BBT) institutional sentiment decreased to 1.12 in Q1 2018. Its down -0.03, from 1.15 in 2017Q4. The ratio dived, as 378 investment managers increased or started new stock positions, while 337 cut down and sold equity positions in BB&T Corp. The investment managers in our partner’s database now possess: 481.29 million shares, up from 479.66 million shares in 2017Q4. Also, the number of investment managers holding BB&T Corp in their top 10 stock positions increased from 12 to 21 for an increase of 9. Sold All: 36 Reduced: 301 Increased: 268 New Position: 110.

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 company has market cap of $40.10 billion. It operates in six divisions: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, and Financial Services. It has a 15.96 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.

The stock increased 1.52% or $0.77 during the last trading session, reaching $51.42. About 1.66 million shares traded. BB&T Corporation (NYSE:BBT) has risen 28.68% since June 29, 2017 and is uptrending. It has outperformed by 16.11% the S&P500.

Analysts await BB&T Corporation (NYSE:BBT) to report earnings on July, 19. They expect $1.01 EPS, up 29.49 % or $0.23 from last year’s $0.78 per share. BBT’s profit will be $787.55M for 12.73 P/E if the $1.01 EPS becomes a reality. After $0.97 actual EPS reported by BB&T Corporation for the previous quarter, Wall Street now forecasts 4.12 % EPS growth.

Montgomery Investment Management Inc holds 12.19% of its portfolio in BB&T Corporation for 557,966 shares. Burgundy Asset Management Ltd. owns 8.29 million shares or 4.04% of their US portfolio. Moreover, Keating Investment Counselors Inc has 3.93% invested in the company for 163,807 shares. The New Jersey-based Mcrae Capital Management Inc has invested 3.89% in the stock. Wheatland Advisors Inc, a Pennsylvania-based fund reported 88,886 shares.

Since January 1, 0001, it had 0 buys, and 17 insider sales for $25.39 million activity.

BB&T Corporation (NYSE:BBT) Ratings Coverage

Ratings analysis reveals 58% of BB&T Corp’s analysts are positive. Out of 19 Wall Street analysts rating BB&T Corp, 11 give it “Buy”, 0 “Sell” rating, while 8 recommend “Hold”. The lowest target is $50.0 while the high is $64.0. The stock’s average target of $56.38 is 9.65% above today’s ($51.42) share price. BBT was included in 32 notes of analysts from January 2, 2018. The firm has “Buy” rating given on Monday, April 23 by Stephens. The stock of BB&T Corporation (NYSE:BBT) earned “Buy” rating by BMO Capital Markets on Thursday, February 8. The firm has “Hold” rating by Sandler O’Neill given on Thursday, April 19. The stock has “Buy” rating by BMO Capital Markets on Thursday, April 19. Sandler O’Neill maintained it with “Hold” rating and $55.0 target in Thursday, January 18 report. On Tuesday, March 27 the stock rating was upgraded by Wells Fargo to “Outperform”. As per Thursday, January 4, the company rating was maintained by Susquehanna. Keefe Bruyette & Woods maintained it with “Hold” rating and $58.0 target in Monday, February 26 report. The company was maintained on Monday, January 8 by SunTrust. The firm has “Equal-Weight” rating given on Friday, February 2 by Morgan Stanley.

More important recent BB&T Corporation (NYSE:BBT) news were published by: Prnewswire.com which released: “BB&T Corporation CEO to present at Morgan Stanley Financials Conference” on June 05, 2018, also Seekingalpha.com published article titled: “Banks report dividend boost, buybacks on no objection to its capital plan”, Seekingalpha.com published: “Federal Reserve objects to Deutsche Bank USA’s capital return plan” on June 28, 2018. More interesting news about BB&T Corporation (NYSE:BBT) was released by: Nasdaq.com and their article: “Analysis: Positioning to Benefit within Marinus Pharmaceuticals, Valley National, BB&T, Cognizant Technology …” with publication date: June 27, 2018.

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

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