As Bb&T Corp (NYSE:BBT) Price Rose, Dodge & Cox Trimmed Position

May 17, 2018 - By Antonio Nuckols

BB&T Corporation (NYSE:BBT) Corporate LogoDuring Q4 2017 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 increased holdings while 96 funds acquired holdings. Funds hold 479.66 million shares thus 4.23% less from 2017Q3’s 500.82 million shares. Bragg Fin Advsrs Incorporated reported 49,335 shs. Financial Architects Inc holds 12,152 shs. Goldman Sachs Grp Incorporated owns 5.06M shs. Moreover, Segall Bryant And Hamill Lc has 0.01% invested in BB&T Corporation (NYSE:BBT) for 8,869 shs. 26,077 were reported by Keybank National Association Oh. First Western Cap Mgmt stated it has 13,010 shs or 0.37% of all its holdings. Guardian Life Of America holds 0.03% or 2,614 shs. Van Hulzen Asset Mgmt Limited Liability Corporation has invested 0.12% in BB&T Corporation (NYSE:BBT). Greenleaf reported 500 shs stake. Arrow Corp has invested 0.3% in BB&T Corporation (NYSE:BBT). Moreover, Citadel Advsrs Llc has 0.05% invested in BB&T Corporation (NYSE:BBT). Central State Bank & Tru stated it has 0.13% of its capital in BB&T Corporation (NYSE:BBT). Whittier stated it has 553 shs. Paragon Cap Mngmt Limited has 0.11% invested in BB&T Corporation (NYSE:BBT) for 5,762 shs. Clearbridge Invs Limited Com has invested 0% in BB&T Corporation (NYSE:BBT).

BBT registered $24.95 million net activity with 0 buys and 15 sales since January 19, 2018. 3,646 BB&T Corporation (NYSE:BBT) shs with value of $199,181 were sold by LYNN LOUIS B. Powell Cynthia B also sold $151,504 worth of BB&T Corporation (NYSE:BBT) shs. The insider KING KELLY S sold $3.28 million. $1.25M worth of BB&T Corporation (NYSE:BBT) was sold by Starnes Clarke R III. Bible Daryl N. sold $4.01 million worth of stock or 74,847 shs. HENRY I. PATRICIA sold $155,943 worth of BB&T Corporation (NYSE:BBT) or 2,825 shs on Tuesday, March 6.

Dodge & Cox’s holdings in Bb&T Corp (NYSE:BBT) is decreased by 4.66% based on its latest 2018Q1 regulatory filing with the SEC. The company’s stock Popped Up 2.32% while Dodge & Cox sold 924,140 shares. At the end of 2018Q1, the 18.92M shares of the major banks company held by the institutional investor were valued at $984.48 million, down from 19.84 million at the end of the previous reported quarter. $43.13 billion is Bb&T Corp’s market cap. Ticker’s shares touched $55.31 during the last trading session after 0.32% change.BB&T Corporation has volume of 3.21 million shares. Since May 17, 2017 BBT has risen 16.87% and is uptrending. The stock outperformed the S&P 500 by 5.32%.

Dodge & Cox manages about $123.87 billion US Long portfolio. Its stake in Comcast Corp (NASDAQ:CMCSA) was upped by 8.34 million shares to 101.78 million shares valued at $3.48 billion in 2018Q1, according to the filing. For a total of 48.55M shares it increased its holding in Glaxosmithkline Plc (NYSE:GSK) by 4.47 million shares in the quarter, and has risen its stake in Eli Lilly & Co (NYSE:LLY).

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

In total 19 analysts cover BB&T Corp (NYSE:BBT). “Buy” rating has 11, “Sell” are 0, while 8 are “Hold”. (NYSE:BBT) has 58% bullish analysts. 37 are the (NYSE:BBT)’s ratings reports on May 17, 2018 according to StockzIntelligence Inc. On Wednesday, December 20 the rating was maintained by Wells Fargo with “Hold”. The company rating was maintained by SunTrust on Thursday, January 18. The stock rating was maintained by Jefferies with “Hold” on Thursday, April 19. On Tuesday, March 27 the firm has “Outperform” rating given by Wells Fargo. On Monday, January 8 the stock of BB&T Corporation (NYSE:BBT) earned “Equal-Weight” rating by Morgan Stanley. On Tuesday, March 27 B. Riley & Co upgraded the shares of BBT in report to “Buy” rating. On Friday, February 2 the rating was maintained by Morgan Stanley with “Equal-Weight”. On Thursday, January 18 the stock has “Hold” rating by Jefferies. The stock rating was maintained by Susquehanna with “Hold” on Thursday, January 18. On Thursday, December 21 Keefe Bruyette & Woods maintained BB&T Corporation (NYSE:BBT) rating. Keefe Bruyette & Woods has “Hold” rating and $54.0 target.

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 $43.13 billion market cap. 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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