BB&T Corp (NYSE:BBT) Institutional Investor Positioning Change

April 25, 2018 - By Michael Collier

BB&T Corporation (NYSE:BBT) Logo

Sentiment for BB&T Corp (NYSE:BBT)

BB&T Corp (NYSE:BBT) institutional sentiment increased to 1.15 in Q4 2017. Its up 0.22, from 0.93 in 2017Q3. The ratio increased, as 357 funds opened new and increased positions, while 310 decreased and sold positions in BB&T Corp. The funds in our partner’s database now possess: 479.66 million shares, down from 500.82 million shares in 2017Q3. Also, the number of funds holding BB&T Corp in their top 10 positions decreased from 15 to 12 for a decrease of 3. Sold All: 41 Reduced: 269 Increased: 261 New Position: 96.

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 $42.10 billion. It operates in six divisions: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, and Financial Services. It has a 19.7 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 decreased 0.07% or $0.035 during the last trading session, reaching $53.985. About 3.48M shares traded. BB&T Corporation (NYSE:BBT) has risen 16.87% since April 25, 2017 and is uptrending. It has outperformed by 5.32% the S&P500.

Montgomery Investment Management Inc holds 11.25% of its portfolio in BB&T Corporation for 557,466 shares. Kdi Capital Partners Llc owns 199,106 shares or 3.94% of their US portfolio. Moreover, Burgundy Asset Management Ltd. has 3.8% invested in the company for 8.41 million shares. The Florida-based Keating Investment Counselors Inc has invested 3.57% in the stock. Wheatland Advisors Inc, a Pennsylvania-based fund reported 88,886 shares.

Since January 1, 0001, it had 0 buys, and 8 sales for $9.32 million activity.

BB&T Corporation (NYSE:BBT) Ratings Coverage

Ratings analysis reveals 55% of BB&T Corp’s analysts are positive. Out of 20 Wall Street analysts rating BB&T Corp, 11 give it “Buy”, 0 “Sell” rating, while 9 recommend “Hold”. The lowest target is $45.0 while the high is $64.0. The stock’s average target of $55.94 is 3.62% above today’s ($53.985) share price. BBT was included in 39 notes of analysts from October 31, 2017. The company was upgraded on Tuesday, March 27 by B. Riley & Co. The stock of BB&T Corporation (NYSE:BBT) earned “Hold” rating by Susquehanna on Thursday, January 18. The rating was maintained by JP Morgan on Wednesday, November 1 with “Neutral”. The rating was maintained by BMO Capital Markets with “Hold” on Monday, December 18. The rating was maintained by SunTrust on Thursday, January 18 with “Buy”. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, April 20 report. The firm has “Hold” rating by Piper Jaffray given on Thursday, January 18. Jefferies maintained the stock with “Hold” rating in Thursday, April 19 report. On Monday, February 26 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The company was upgraded on Thursday, February 8 by BMO Capital Markets.

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

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