By $48.06 Million Dodge & Cox Lowered its Position in Bb&T Corp (NYSE:BBT)

May 17, 2018 - By Jenna Rose

BB&T Corporation (NYSE:BBT) Corporate LogoBig Money Sentiment increased to 1.15 in 2017 Q4. It has change of 0.22, from 2017Q3’s 0.93. The ratio is positive due to BBT positioning: 41 sold and 269 reduced. 96 funds amassed holdings and 261 increased holdings. Investors holded 500.82 million in 2017Q3 but now own 479.66 million shares or 4.23% less. Rafferty Asset Mgmt Lc accumulated 181,908 shs. Investors Asset Management Of Georgia Ga Adv reported 9,638 shs. North Point Port Managers Oh holds 2.42% or 288,271 shs in its capital. Gabelli Funds Ltd invested in 8,000 shs. Exxonmobil Invest Management Incorporated Tx has invested 0.17% in BB&T Corporation (NYSE:BBT). Eaton Vance Management reported 0.16% stake. Richard Bernstein Advsr Limited Liability Company holds 0.02% or 7,972 shs. Synovus reported 0.04% stake. Dupont Mngmt holds 4,390 shs. Prudential holds 0.09% or 1.31 million shs. Commonwealth State Bank Of Aus reported 0.04% of its capital in BB&T Corporation (NYSE:BBT). Caprock Group Incorporated Inc accumulated 0.19% or 18,120 shs. Prudential Public Limited Co reported 25,946 shs. First Trust Advisors Ltd Partnership holds 1.74M shs. 500 were accumulated by Greenleaf Trust.

BBT had 15 selling transactions and 0 insider purchases since January 19, 2018. This’s net activity of $24.95 million. KING KELLY S sold $4.35 million worth of stock or 80,789 shs. LYNN LOUIS B sold $199,181 worth of stock or 3,646 shs. Starnes Clarke R III sold $1.25M worth of BB&T Corporation (NYSE:BBT) or 22,629 shs on Tuesday, February 20. On Wednesday, April 25 Goodrich Donna C had sold 44,960 shs worth $2.41 million. Another trade for 2,817 shs valued at $151,504 was sold by Powell Cynthia B. Another trade for 68,402 shs valued at $3.66M was made by DUCK BARBARA F on Wednesday, April 25.

Dodge & Cox reduced its stake by 4.66% in Bb&T Corp (NYSE:BBT), according to 2018Q1 SEC form. 924,140 shares were sold by Dodge & Cox as the company’s stock rose 2.32% while stock markets declined. The major banks company at the end of 2018Q1 was valued at $984.48 million. It’s down from 19.84M at the end of the previous reported quarter. Now it had 18.92 million shares held by the institutional investor . $43.13B is the market cap of Bb&T Corp. BBT is reaching $55.31 during the last trading session, after decreased 0.32%.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&P 500.

About $123.87B US Long portfolio Dodge & Cox operates. Its stake in Occidental Petroleum Corp (NYSE:OXY) was increased by 2.62M shares to 6.35M shares valued at $412.49 million in 2018Q1, according to the filing. For a total of 39.05M shares it increased its holding in Juniper Networks Inc (NYSE:JNPR) by 2.96M shares in the quarter, and has risen its stake in Medtronic Plc (NYSE:MDT).

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

Total analysts of 19 have positions in BB&T Corp (NYSE:BBT) as follows: 11 rated it a “Buy”, 0 with “Sell” and 8 with “Hold”. The positive are 58%. Since November 28, 2017 according to StockzIntelligence Inc BB&T Corp has 37 analyst reports. On Monday, December 18 BMO Capital Markets maintained BB&T Corporation (NYSE:BBT) with “Hold” rating. On Friday, January 19 Keefe Bruyette & Woods maintained BB&T Corporation (NYSE:BBT) rating. Keefe Bruyette & Woods has “Hold” rating and $57.0 target. In Thursday, January 18 report Susquehanna maintained it with “Hold” rating and $57.0 target. On Monday, April 23 Stephens maintained BB&T Corporation (NYSE:BBT) with “Buy” rating. On Thursday, December 21 Keefe Bruyette & Woods maintained the shares of BBT in report with “Hold” rating. The stock rating was maintained by Morgan Stanley with “Equal-Weight” on Friday, February 2. On Friday, April 20 the firm has “Equal-Weight” rating given by Morgan Stanley. On Tuesday, March 27 B. Riley & Co upgraded BB&T Corporation (NYSE:BBT) to “Buy” rating. On Monday, January 8 the firm earned “Buy” rating by SunTrust. On Tuesday, March 27 the stock of BB&T Corporation (NYSE:BBT) has “Outperform” rating given by Wells Fargo.

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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