BB&T Corp (NYSE:BBT) Institutional Investors Sentiment Unchanged in Q3 2017

Marco Green
January 14, 2018

Pineno Levin & Ford Asset Management Inc who had been investing in Bb&T Corp for a number of months, seems to be bullish on the $41.92 billion market cap company. Piper Jaffray upgraded BB&T Corporation (NYSE:BBT) on Monday, January 9 to "Neutral" rating. It has outperformed by 3.98% the S&P500.

Cypress Asset Management Inc decreased its stake in At&T Inc (T) by 13.14% based on its latest 2017Q3 regulatory filing with the SEC. Victory Capital Management Inc. now owns 50,054 shares of the insurance provider's stock worth $2,273,000 after buying an additional 5,627 shares during the period. The institutional investor held 3.49 million shares of the major banks company at the end of 2017Q3, valued at $163.87 million, down from 3.61 million at the end of the previous reported quarter. The stock decreased 1.65% or $1.16 during the last trading session, reaching $69.02. CNH Industrial N.V. (NYSE:CNHI) has risen 66.12% since January 13, 2017 and is uptrending. It has outperformed by 0.16% the S&P500. Out of 30 Wall Street analysts rating BB&T Corp, 10 give it "Buy", 0 "Sell" rating, while 20 recommend "Hold". Therefore 83% are positive. Northern Trust Corp's holdings in BB&T Corp. were worth $432,639,000 at the end of the most recent reporting period. The stock now has a consensus rating of "Hold" and an average target price of $41.18. The stock of BB&T Corporation (NYSE:BBT) has "Neutral" rating given on Thursday, August 27 by SunTrust. The company was maintained on Friday, May 26 by Keefe Bruyette & Woods.

The average 1-year price target for U.S. Bancorp (USB) - averaging the work of different analysts - reveals a mean PT of $58.21/share. On Thursday, October 20 the stock rating was downgraded by Macquarie Research to "Underperform". As per Wednesday, September 2, the company rating was upgraded by Robert W. Baird. RBC Capital Markets maintained the shares of BBT in report on Thursday, September 7 with "Buy" rating.

Among 2 analysts covering Chamberlin PLC (LON:CMH), 1 have Buy rating, 0 Sell and 1 Hold. (PEP) worth $10.33 billion at the end of the most recent reporting period.The investor is now holding 87,928,504 shares thanks to an increase of 517,774 new shares in their portfolio. The ratio fall, as 322 active investment managers opened new and increased positions, while 347 decreased and sold stock positions in BB&T Corp.

BB&T Corporation (NYSE:BBT) last session's volume of 3.62 million shares was lower than its average volume of 4.61 million shares. Moreover, Pictet Asset Ltd has 0.08% invested in BB&T Corporation (NYSE:BBT). Fukoku Mutual Life Co invested 0.04% of its portfolio in BB&T Corporation (NYSE:BBT). Chevy Chase Tru invested 0.16% of its portfolio in BB&T Corporation (NYSE:BBT). Rbf Cap Ltd Liability Corporation stated it has 259,743 shares or 0.02% of all its holdings. Wilson Donta L also sold $201,929 worth of BB&T Corporation (NYSE:BBT) on Friday, October 20. (NYSE:MRK). Bourgeon Mgmt Ltd Liability Company holds 92,290 shares or 3.48% of its portfolio.

BB&T Corporation (BBT) failed to surprise the stock market in its last reported earnings when it earned $0.74 a piece versus the consensus-estimated $0.78. Georgia-based Synovus Finance Corporation has invested 0.04% in BB&T Corporation (NYSE:BBT). Howe & Rusling Incorporated owns 196 shares.

Among 13 analysts covering CNH Industrial (NYSE:CNHI), 6 have Buy rating, 2 Sell and 5 Hold. Morgan Stanley downgraded BB&T Corporation (NYSE:BBT) on Monday, November 14 to "Underweight" rating. Following the sale, the insider now owns 18,463 shares of the company's stock, valued at approximately $745,166.68.

Since August 16, 2017, it had 0 insider purchases, and 7 insider sales for $7.30 million activity. The shares were sold at an average price of $46.77, for a total transaction of $505,069.23. $589,373 worth of BB&T Corporation (NYSE:BBT) was sold by Johnson Robert Jerome JR on Wednesday, October 25. The average 1-year price target for (BBT) reveals an average price target of $53.38 per share. Shares for $373,811 were sold by Bradley W Bennett on Thursday, October 26. BMO Capital Markets maintained BB&T Corporation (NYSE:BBT) rating on Monday, December 18. The Chesley Taft & Associates Llc holds 199,946 shares with $9.39 million value, up from 156,200 last quarter. BBT's profit will be $631.13 million for 16.61 P/E if the $0.80 EPS becomes a reality. The insurance provider reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78. The insider HAYNES VICTORIA F sold $137,912.

Investors sentiment decreased to 0.93 in Q3 2017. Its down 0.01, from 1.07 in 2017Q2. Institutional investors and hedge funds own 65.28% of the company's stock. 106 funds opened positions while 598 raised stakes. Butensky & Cohen Security owns 26,725 shares or 1.33% of their USA portfolio. Perigon Wealth Mgmt Limited Liability reported 2.49% in Merck & Co., Inc. Pggm Investments accumulated 80,904 shares. Ny State Teachers Retirement invested in 0.15% or 1.30M shares. Citigroup reported 0% in EV Energy Partners, L.P. (NASDAQ:EVEP). Its down 11.51% from 16.47 million shares, reported previously. 96,911 are held by State Treasurer State Of Michigan. Blackrock Inc invested in 49.20M shares or 0.12% of the stock. Winslow Evans And Crocker stated it has 100 shares. (NYSE:MRK). Raymond James Na has 1.46% invested in Merck & Co., Inc. Moreover, Retirement Systems Of Alabama has 0.06% invested in Nucor Corporation (NYSE:NUE). Hl Fincl Ltd Liability has invested 0.28% in Merck & Co., Inc.

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