Economy

Eagle Asset Management Inc. Decreases Position in BB&T Co. (NYSE:BBT)

The stock has been active on the tape, now trading at $54.29, up from yesterday's close by 0.74%. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.19% with $783.11 Million sitting short, betting on future declines.

BB&T (NYSE:BBT) last announced its quarterly earnings results on Thursday, January 18th. It has outperformed by 3.98% the S&P500.

Gagnon Securities Llc decreased Actua Corp (ACTA) stake by 42.92% reported in 2017Q3 SEC filing. Front Row Advisors LLC bought a new position in shares of BB&T during the fourth quarter valued at $142,000. The institutional investor held 124,603 shares of the prepackaged software company at the end of 2017Q3, valued at $9.28M, down from 129,613 at the end of the previous reported quarter. Park Circle Co who had been investing in At&T Inc for a number of months, seems to be bullish on the $225.49 billion market cap company.

The stock increased 0.80% or $0.55 during the last trading session, reaching $69.03. Tetra Tech, Inc. (NASDAQ:TTEK) has risen 54.98% since March 5, 2017 and is uptrending. The firm earned "Outperform" rating on Wednesday, September 2 by Robert W. Baird. Therefore 50% are positive. The firm has "Hold" rating given on Friday, August 4 by Macquarie Research. (NYSE:T). Schroder Inv Management Gp reported 9.96 million shares stake. Piper Jaffray maintained the shares of MCD in report on Thursday, December 14 with "Buy" rating. RBC Capital Markets maintained the shares of BBT in report on Thursday, July 27 with "Buy" rating. Morgan Stanley downgraded CDK Global, Inc. The firm has a market capitalization of $43,290.00, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 1.25 and a beta of 1.02.

Since October 20, 2017, it had 0 insider purchases, and 13 insider sales for $16.05 million activity.

In related news, Director K. David Jr. 11,508 shares were sold by BANNER JENNIFER S, worth $559,259.

Bb&T Corp, which manages about $5.15 billion US Long portfolio, upped its stake in Shire (NASDAQ:SHPG) by 25,824 shares to 35,120 shares, valued at $5.38 million in 2017Q3, according to the filing. It also increased its holding in Bb&T Corporation (NASDAQ:BBBY) by 66,443 shares in the quarter, for a total of 115,891 shares, and has risen its stake in Chevron Corporation (NYSE:CVX).

Investors sentiment decreased to 1 in Q3 2017. Its down 0.23, from 1.16 in 2017Q2. First Merchants Corporation invested in 0.65% or 80,743 shares. 106 funds opened positions while 696 raised stakes. Peddock Capital Advisors Lc owns 1,014 shares. The Tpg Group Holdings Sbs Advisors Inc holds 280,025 shares with $34.58 million value, down from 358,333 last quarter. Ameriprise holds 0.09% or 4.25 million shares. 10,000 are held by Ancora Advisors Ltd Limited Liability Company. Commonwealth Equity Svcs Inc reported 6,175 shares or 0% of all its holdings. (NASDAQ:TTEK). Emerald Mutual Fund Advisers Trust holds 0.75% of its portfolio in Tetra Tech, Inc. (NASDAQ:TTEK) for 385,623 shares. Amalgamated Natl Bank accumulated 7,828 shares. Public Sector Pension Investment Board has 0.01% invested in Tetra Tech, Inc. Benjamin F Edwards stated it has 0.08% in BB&T Corporation (NYSE:BBT). Corporate insiders own 0.36% of the company's stock. (NASDAQ:TTEK) for 11,335 shares. Citadel Advsr Ltd has invested 0.02% in BB&T Corporation (NYSE:BBT). They expect $0.85 EPS, up 16.44% or $0.12 from last year's $0.73 per share. BBT's profit will be $708.25M for 15.04 P/E if the $0.91 EPS becomes a reality.

Capital Investment Counsel Inc trimmed its holdings in shares of BB&T Co. ValuEngine raised BB&T from a "hold" rating to a "buy" rating in a report on Friday, February 2nd. Therefore 37% are positive. BB&T Corp had 98 analyst reports since July 17, 2015 according to SRatingsIntel. Citigroup raised BB&T from a "market perform" rating to an "outperform" rating and set a $58.00 price target for the company in a report on Tuesday, January 9th. Keefe Bruyette & Woods maintained Jones Lang LaSalle Incorporated (NYSE:JLL) on Wednesday, February 7 with "Hold" rating. On Monday, December 18 the stock rating was maintained by BMO Capital Markets with "Hold". BMO Capital Markets upgraded BB&T Corporation (NYSE:BBT) on Wednesday, August 26 to "Market Perform" rating. The company was maintained on Thursday, August 10 by Wells Fargo. As per Friday, October 16, the company rating was downgraded by Hilliard Lyons. The rating was maintained by SunTrust on Monday, January 8 with "Buy". $201,929 worth of BB&T Corporation (NYSE:BBT) shares were sold by Wilson Donta L. LYNN LOUIS B also sold $199,181 worth of BB&T Corporation (NYSE:BBT) on Monday, January 22. Robert W. Baird has "Outperform" rating and $42 target.

Investors of record on Tuesday, March 6th will be paid a $0.045 dividend. Its down 0.23, from 1.16 in 2017Q2.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. The insurance provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.04. Moreover, Diversified Trust has 0.02% invested in BB&T Corporation (NYSE:BBT). On Friday, October 20 the insider Henson Christopher L sold $2.01 million. Paragon Management has invested 0.38% in AT&T Inc. Credit Suisse Ag accumulated 0.04% or 907,242 shares. First American Bancorp, Illinois-based fund reported 54,949 shares. The insurance provider reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.04. Burgundy Asset Management Ltd. lifted its holdings in shares of BB&T by 0.3% during the 3rd quarter. $1.15M worth of BB&T Corporation (NYSE:BBT) was sold by QUBEIN NIDO R on Monday, February 5. Bank of New York Mellon Corp now owns 8,829,063 shares of the insurance provider's stock worth $414,436,000 after acquiring an additional 86,200 shares during the period. (NYSE:T). Summit Finance Strategies stated it has 12,452 shares or 0.28% of all its holdings.

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