Bb&T Corp (NYSE:BBT) Price Rose While Dodge & Cox Lowered Its Position by $48.06 Million

May 17, 2018 - By Sheila Pollock

BB&T Corporation (NYSE:BBT) Corporate LogoDuring 2017 Q4 the big money sentiment increased to 1.15. That’s change of 0.22, from 2017Q3’s 0.93. 41 investors sold all, 269 reduced holdings as BBT ratio increased. 261 rose positions while 96 funds amassed positions. Funds hold 479.66 million shares thus 4.23% less from 2017Q3’s 500.82 million shares. Guardian Life Insurance Of America has invested 0.03% in BB&T Corporation (NYSE:BBT). Investors Asset Management Of Georgia Incorporated Ga Adv invested in 0.34% or 9,638 shs. Lenox Wealth Management Incorporated holds 2,041 shs. Eaton Vance Mgmt, Massachusetts-based fund reported 1.34 million shs. Gardner Russo And Gardner Ltd Liability Corporation has invested 0.01% in BB&T Corporation (NYSE:BBT). Capital Investment Counsel holds 0.95% or 46,211 shs. 31,369 are held by Hallmark Capital. Ubs Oconnor Limited Liability Company reported 210,000 shs. Franklin Street Advisors Inc Nc has invested 0.24% in BB&T Corporation (NYSE:BBT). Hartford Management stated it has 0.14% of its capital in BB&T Corporation (NYSE:BBT). Hartford Inv Communication stated it has 185,354 shs or 0.17% of all its holdings. Pineno Levin & Ford Asset Management holds 2.29% in BB&T Corporation (NYSE:BBT) or 110,613 shs. Kingfisher Capital Ltd has invested 0.36% of its capital in BB&T Corporation (NYSE:BBT). Reynders Mcveigh Capital Mgmt Limited Co stated it has 0.21% in BB&T Corporation (NYSE:BBT). Wealth Enhancement Advisory Ser Ltd Co holds 0.05% or 13,166 shs.

BBT had 15 selling transactions and 0 insider purchases since January 19, 2018. This’s net activity of $24.95 million. Shares for $1.25M were sold by Starnes Clarke R III on Tuesday, February 20. Yates William Rufus sold $882,345 worth of stock or 16,279 shs. 68,402 shs were sold by DUCK BARBARA F, worth $3.66 million. QUBEIN NIDO R sold 21,025 shs worth $1.15M. HENRY I. PATRICIA sold 2,825 shs worth $155,943. On Thursday, January 25 a trade for 48,524 shs valued at $2.66 million was made by Henson Christopher L.

Dodge & Cox reduced its holdings by 4.66% in Bb&T Corp (NYSE:BBT), according to 2018Q1 SEC filling. The company’s stock rose 2.32% while stock markets declined as Dodge & Cox sold 924,140 shares. The institutional investor is holding 18.92 million shares, compared to the 19.84 million from the previous quarter. And the announced value of the major banks company is $984.48M for the 2018Q1. $43.13B is the MC of Bb&T Corp. The stock decreased 0.32% or $0.18 during the last trading session, reaching $55.31.Currently BB&T Corporation is uptrending after 16.87% change in last May 17, 2017. BBT has also 3.21 million shares volume. BBT outperformed by 5.32% the S&P500.

Dodge & Cox operates about $123.87 billion US Long portfolio. According to a filing the fund increased its stake in Charter Communications Inc () by 772,511 shares to 10.12 million shares, valued at $3.15B in 2018Q1. For a total of 3.30M shares it increased its holding in Vmware Inc (NYSE:VMW) by 3.27M shares in the quarter, and has risen its stake in Comcast Corp (NASDAQ:CMCSA).

Dodge & Cox is a California-based institutional investor with more than $224.00 billion AUM in October, 2014. This fund invests only a small percentage of its assets in equities and options. Dodge & Cox is the 15th largest institutional investor in our database. Taken from Dodge & latest Adv, the fund reported to have 205 full and part-time employees. Among which 85 performing investment advisory and research functions. The institutional investor had more than 500 clients.

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. (NYSE:BBT) has 37 ratings reports on May 17, 2018 according to StockzIntelligence. On Friday, January 19 the stock of BB&T Corporation (NYSE:BBT) earned “Hold” rating by Keefe Bruyette & Woods. The company rating was maintained by Wells Fargo on Wednesday, December 20. On Thursday, January 18 the firm earned “Buy” rating by SunTrust. The stock rating was upgraded by Wells Fargo to “Outperform” on Tuesday, March 27. 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 Monday, February 26 the company was maintained by Keefe Bruyette & Woods. On Monday, December 18 BMO Capital Markets maintained the shares of BBT in report with “Hold” rating. The stock rating was upgraded by Morgan Stanley to “Equal-Weight” on Monday, January 8. On Friday, April 20 Morgan Stanley maintained BB&T Corporation (NYSE:BBT) rating. Morgan Stanley has “Equal-Weight” rating and $60 target. On Thursday, January 18 the firm earned “Hold” rating by Sandler O’Neill.

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 $43.13 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 20.19. 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.

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

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