Todays Report: The 22,702 Shares of BB&T Corp. (BBT) are sold by GW Henssler & Associates Ltd.

The 22,702 Shares of BB&T Corp. (BBT) are sold by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. lowered its stake in BB&T Corp. (NYSE:BBT) by 41.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,932 shares of the company’s stock after selling 22,702 shares during the period. GW Henssler & Associates Ltd.’s holdings in BB&T Corp. were worth $1,137,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Integrated Investment Consultants LLC increased its position in BB&T Corp. by 13.0% in the second quarter. Integrated Investment Consultants LLC now owns 2,989 shares of the company’s stock valued at $106,000 after buying an additional 344 shares during the last quarter. Cribstone Capital Management LLC purchased a new position in BB&T Corp. during the second quarter valued at approximately $125,000. Hartford Financial Management Inc. increased its position in BB&T Corp. by 13.6% in the second quarter. Hartford Financial Management Inc. now owns 4,773 shares of the company’s stock valued at $169,000 after buying an additional 573 shares during the last quarter. Orrstown Financial Services Inc. increased its position in BB&T Corp. by 32.8% in the second quarter. Orrstown Financial Services Inc. now owns 4,873 shares of the company’s stock valued at $174,000 after buying an additional 1,204 shares during the last quarter. Finally, Heritage Investors Management Corp purchased a new position in BB&T Corp. during the second quarter valued at approximately $205,000. Institutional investors own 63.03% of the company’s stock.

BB&T Corp. (NYSE:BBT) traded down 1.21% during midday trading on Monday, reaching $37.43. The company’s stock had a trading volume of 4,684,490 shares. BB&T Corp. has a 52 week low of $29.95 and a 52 week high of $39.47. The company’s 50-day moving average is $38.12 and its 200 day moving average is $36.21. The firm has a market capitalization of $30.49 billion, a P/E ratio of 14.45 and a beta of 1.03.

BB&T Corp. (NYSE:BBT) last announced its earnings results on Thursday, July 21st. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.05. BB&T Corp. had a net margin of 20.11% and a return on equity of 9.12%. The business earned $2.79 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. Analysts expect that BB&T Corp. will post $2.76 earnings per share for the current fiscal year.

BBT has been the topic of several research reports. Credit Suisse Group AG restated a “buy” rating on shares of BB&T Corp. in a report on Tuesday, July 12th. Citigroup Inc. restated a “buy” rating on shares of BB&T Corp. in a report on Tuesday, July 12th. Vetr downgraded BB&T Corp. from a “strong-buy” rating to a “buy” rating and set a $38.50 price target on the stock. in a report on Monday, July 11th. Deutsche Bank AG reiterated a “buy” rating on shares of BB&T Corp. in a report on Sunday, June 26th. Finally, Wells Fargo & Co. reiterated a “buy” rating on shares of BB&T Corp. in a report on Saturday, July 9th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $39.41.

In other news, Director I. Patricia Henry sold 1,000 shares of the stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $38.13, for a total transaction of $38,130.00. Following the completion of the sale, the director now owns 8,090 shares in the company, valued at $308,471.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Kelly S. King sold 46,216 shares of the stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $36.76, for a total transaction of $1,698,900.16. The disclosure for this sale can be found here. Insiders own 0.88% of the company’s stock.

BB&T Corp. Company Profile

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