Economy

BB&T Corporation (BBT) Holdings Boosted by WINTON GROUP Ltd

Liberty Capital Management Inc. acquired a new position in shares of BB&T Corporation in the 2nd quarter valued at about $136,000.

An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings. The Manufacturers Life Insurance Company now owns 2,844,945 shares of the insurance provider's stock worth $129,188,000 after acquiring an additional 15,971 shares in the last quarter. HRT Financial LLC increased its stake in BB&T Corporation by 26.2% in the first quarter. Finally, Bank of America Corp DE grew its position in shares of BB&T Corporation by 0.3% in the 1st quarter.

On 1/24/2017 BB&T Corporation announced a quarterly dividend of $0.30 2.55% with an ex dividend date of 2/8/2017 which will be payable on 3/1/2017. Invest Centers Of America Inc stated it has 32,947 shares. In total, 4.25 M shares exchanged hands for about $197.64 million. Moors & Cabot Inc. now owns 9,247 shares of the insurance provider's stock worth $419,000 after acquiring an additional 367 shares in the last quarter. Finally, Shelter Mutual Insurance Co increased its stake in BB&T Corporation by 145.5% in the second quarter. Institutional investors own 64.25% of the company's stock. In the most recent session, the stock price hovered around $0.36 (0.77%) between intraday high and intraday low. The company was maintained on Wednesday, April 5 by RBC Capital Markets. The stock was sold at an average price of $47.07, for a total value of $1,342,201.05. Short shares fell 1,633,998 over that timeframe. The disclosure for this sale can be found here.

BB&T Corporation is maintained at an average hold rating by 29 stock analysts, and there are at least 2.34% of shares outstanding that are now legally short sold.

Investigating the productivity proportions of BB&T Corporation stock, speculator will discover its ROE, ROA, ROI remaining at 8.1%, 3.9% and 10.2%, individually. October 9 investment analysts at Citigroup held the company rating at "Neutral" and raised the price expectation from $41.00 to $49.00. JP Morgan upgraded the stock to "Neutral" rating in Friday, October 28 report.

08/09/2017 - Wells Fargo began new coverage on BB&T Corporation giving the company a "market perform" rating. Insider ownership during the previous year has decreased by a net of 2.46 million shares. About shares traded. BB&T Corporation (NYSE:BBT) has risen 20.68% since October 19, 2016 and is uptrending. BBT's average trading volume during the past 20 days is higher than the average volume over the past 100 days, which could be an indication that investors are feeling more certain than usual about the direction of BBT's future price movements. The company has a market capitalization of $37.37 billion, a PE ratio of 17.26 and a beta of 1.07. BB&T Corporation has a one year low of $38.23 and a one year high of $49.88.

BB&T Corporation (NYSE:BBT) has a 20-day RSI of 51.98%. They expect $0.19 earnings per share, up 161.29% or $0.50 from last year's $-0.31 per share. The company had revenue of $2.86 billion for the quarter, compared to analysts' expectations of $2.89 billion. The Connecticut-based Virtus Investment Advisers has invested 0.19% in BB&T Corporation (NYSE:BBT). The company has Relative Strength Index (RSI 14) of 52.56 along with Average True Range (ATR 14) of 0.13. In the latest earnings report the EPS was $2.68 and is projected to be $2.81 for the current year with 808,092,000 shares now outstanding.

BB&T Corporation declared that its Board of Directors has initiated a share buyback program on Wednesday, June 28th that allows the company to buyback $1.88 billion in shares. This repurchase authorization authorizes the insurance provider to buy up to 5.2% of its stock through open market purchases. This is usually interpreted as a good sign as traders widely believe rising stock should see increasing volume.

COPYRIGHT VIOLATION WARNING: "BB&T Corporation (BBT) Holdings Boosted by WINTON GROUP Ltd" was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this report on another website, it was stolen and reposted in violation of United States and global copyright & trademark law.

BB&T Corporation is based in US, in the very big sector Financial. The Firm conducts its business primarily through its bank subsidiary, Branch Banking and Trust Company, and other nonbank subsidiaries.



Like this

loading...
loading...

Latest


20 October 2017
Strs Ohio Sells 309244 Shares of Pfizer, Inc. (NYSE:PFE)
BidaskClub upgraded shares of Pfizer from a "strong sell" rating to a "sell" rating in a research report on Friday, June 23rd. Institutional investors own 68.98% of the company's stock. 17,224 are owned by Horizon Invs Limited Liability Corp.

20 October 2017
Recent Analysts Ratings Nokia Corporation (NOK)
By taking a look at the stock's current statistics it can gauged that the stock candle is BEARISH with LOW volatility. Fisher Asset Management, LLC downsized its investment by shedding 2,582 shares a decrease of 7.8% as of 09/30/2017.

20 October 2017
Falling debris kills tourist in Italy church
The basilica is the principal Franciscan church in Florence, Italy, and a minor basilica of the Roman Catholic Church. In October 2012, a cornice fell from the wall of the Caserta Palace near Naples, without causing any injuries.

20 October 2017
Abeona Therapeutics Inc. (NASDAQ:ABEO) Now Covered by Citigroup Inc
Finally, Family Management Corp acquired a new stake in shares of Abeona Therapeutics during the first quarter valued at $120,000. As of the end of the quarter Hartford Financial Management Inc. had acquired a total of 1,200 shares growing its position 6.7%.

20 October 2017
Kellogg's Tony the Tiger, Toucan Sam in LGBTQ Spirit Day video
Spirit Day is the largest, most visible anti-bullying campaign in the world. GLAAD's Spirit Day takes place each year on the third Thursday of October.

20 October 2017
The Blackstone Group LP (BX) Posts Quarterly Earnings Results
The asset manager reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.15. Vantage Investment Partners Llc bought 169,000 shares as the company's stock declined 1.16% while stock markets rallied.

20 October 2017
Banco Santander, SA (SAN) PT Set at €6.60 by Deutsche Bank AG
The Average Earnings Estimate for the Current Fiscal quarter is $0.43 per share, according to consensus of 2 analysts. At the close of regular trading, its last week's stock price volatility was 2.47% which for the month reaches 2.07%.

20 October 2017
Unidentified Men Attack Labourers' Hostel in Balochistan, 26 Injured
Mastung district police chief Gulab Khan said two persons were sent to Quetta for treatment due to their severe injuries. At least five among the injured people are said to be in critical condition.

20 October 2017
Steel Dynamics, Inc. (STLD) Rating Increased to Buy at KeyCorp
The institutional investor owned 9,740 shares of the basic materials company's stock after selling 8,237 shares during the period. A total of 3.98 Billion shares exchanged at hands and its average trading volume is standing at 2.75 Million shares.

20 October 2017
Man seriously hurt in shooting at Virginia State University, lockdown lifted
A crowd of approximately 200 people was dispersed by police after the 11 p.m. shooting , Crime Insider sources said. Police are still investigating the shooting and have not yet released information about a suspect , nor an arrest.