Gardner Russo & Gardner Has Lowered Bb&T (BBT) Holding; Western Asset Variable Rate Strategic Fund (GFY) Sentiment Is 1

June 23, 2018 - By Hazel Jackson

BB&T Corporation (NYSE:BBT) Logo

Gardner Russo & Gardner Llc decreased Bb&T Corp (BBT) stake by 38.42% reported in 2018Q1 SEC filing. Gardner Russo & Gardner Llc sold 10,415 shares as Bb&T Corp (BBT)’s stock declined 1.68%. The Gardner Russo & Gardner Llc holds 16,690 shares with $869,000 value, down from 27,105 last quarter. Bb&T Corp now has $40.24B valuation. The stock decreased 0.86% or $0.45 during the last trading session, reaching $51.61. About 4.56M shares traded or 14.62% up from the average. BB&T Corporation (NYSE:BBT) has risen 28.68% since June 23, 2017 and is uptrending. It has outperformed by 16.11% the S&P500. Some Historical BBT News: 19/04/2018 – BB&T CORP – SEES FY 2018 REV UP 2 PCT – 4 PCT VS 2017; 14/05/2018 – BB&T at Barclays Americas Select Franchise Conference Tomorrow; 19/04/2018 – BB&T CORP QTRLY AVERAGE LOANS AND LEASES HELD FOR INVESTMENT WERE $142.9 BLN, UP $194 MLN; 19/04/2018 – BB&T 1Q Rev $2.81B; 19/04/2018 – BB&T CORP – QTRLY TAXABLE EQUIVALENT NET INTEREST INCOME $1,656 MLN VS $1,649 MLN REPORTED LAST YEAR; 19/04/2018 – BB&T 1Q Noninterest Expense $1.69B; 27/03/2018 – BB&T CORP BBT.N : B. RILEY RAISES TARGET PRICE TO $59 FROM $55; 19/04/2018 – BB&T 1Q Return on Average Common Shareholders’ Equity 11.43%; 26/04/2018 – BB&T Bond Trading 2x Average; Clients Net Sellers; 19/04/2018 – BB&T CORP CFO SAYS REGIONAL INSURANCE WILL ADD ABOUT $70-PLUS MILLION IN REVENUE FOR THE SECOND HALF OF THE YEAR- CONF CALL

Western Asset Variable Rate Strategic Fund Inc (GFY) investors sentiment decreased to 1 in Q1 2018. It’s down -3.00, from 4 in 2017Q4. The ratio has dropped, as 4 hedge funds opened new and increased positions, while 4 sold and reduced positions in Western Asset Variable Rate Strategic Fund Inc. The hedge funds in our database now possess: 1.39 million shares, down from 2.77 million shares in 2017Q4. Also, the number of hedge funds holding Western Asset Variable Rate Strategic Fund Inc in top ten positions was flat from 0 to 0 for the same number . Sold All: 0 Reduced: 4 Increased: 3 New Position: 1.

The stock decreased 0.32% or $0.05 during the last trading session, reaching $16.72. About 13,140 shares traded or 172.28% up from the average. Western Asset Variable Rate Str (GFY) has risen 0.89% since June 23, 2017 and is uptrending. It has underperformed by 11.68% the S&P500.

Sit Investment Associates Inc holds 0.49% of its portfolio in Western Asset Variable Rate Str for 1.18 million shares. Smith Moore & Co. owns 12,300 shares or 0.06% of their US portfolio. Moreover, Bank Of America Corp De has 0% invested in the company for 12,768 shares. The North Carolina-based Carroll Financial Associates Inc. has invested 0% in the stock. Citigroup Inc, a New York-based fund reported 750 shares.

Since January 19, 2018, it had 0 insider purchases, and 17 sales for $25.39 million activity. 2,817 shares were sold by Powell Cynthia B, worth $151,504. KING KELLY S also sold $4.35 million worth of BB&T Corporation (NYSE:BBT) on Wednesday, April 25. Starnes Clarke R III had sold 22,629 shares worth $1.25 million on Tuesday, February 20. HENRY I. PATRICIA also sold $155,943 worth of BB&T Corporation (NYSE:BBT) shares. The insider Bradley W Bennett sold 5,565 shares worth $306,847. On Thursday, April 26 Standridge Brantley J sold $167,146 worth of BB&T Corporation (NYSE:BBT) or 3,116 shares. LYNN LOUIS B sold $199,181 worth of stock.

Investors sentiment decreased to 1.12 in 2018 Q1. Its down 0.03, from 1.15 in 2017Q4. It worsened, as 36 investors sold BBT shares while 301 reduced holdings. 110 funds opened positions while 268 raised stakes. 481.29 million shares or 0.34% more from 479.66 million shares in 2017Q4 were reported. Sterling Management Ltd Liability reported 9,974 shares or 0% of all its holdings. California-based Menta Cap Limited Liability Corporation has invested 0.28% in BB&T Corporation (NYSE:BBT). Capital owns 2.88M shares. Lifeplan Fincl Group holds 146 shares. Cypress Cap Mngmt Ltd Com reported 1.85% of its portfolio in BB&T Corporation (NYSE:BBT). Aviva Public Limited Com has invested 0.13% in BB&T Corporation (NYSE:BBT). Manufacturers Life Ins Co The has 2.92 million shares. First Allied Advisory Ser holds 0.03% in BB&T Corporation (NYSE:BBT) or 15,744 shares. 739,163 are held by Deprince Race Zollo Inc. Winslow Evans And Crocker Incorporated reported 42 shares. Welch Gp Llc has invested 0.03% in BB&T Corporation (NYSE:BBT). Farmers Merchants Invs, Nebraska-based fund reported 35,498 shares. Mark Sheptoff Finance Planning Ltd Liability Company invested in 93 shares. Comerica Natl Bank holds 0.2% of its portfolio in BB&T Corporation (NYSE:BBT) for 547,125 shares. Chesley Taft Associates Lc owns 0.95% invested in BB&T Corporation (NYSE:BBT) for 204,346 shares.

Among 32 analysts covering BB&T Corp (NYSE:BBT), 16 have Buy rating, 0 Sell and 16 Hold. Therefore 50% are positive. BB&T Corp had 112 analyst reports since July 17, 2015 according to SRatingsIntel. The rating was maintained by FBR Capital on Monday, April 24 with “Hold”. The company was upgraded on Wednesday, September 2 by Robert W. Baird. The rating was maintained by Barclays Capital with “Equal Weight” on Tuesday, January 3. The stock of BB&T Corporation (NYSE:BBT) earned “Hold” rating by Keefe Bruyette & Woods on Monday, February 26. The firm has “Hold” rating given on Thursday, July 20 by BMO Capital Markets. BMO Capital Markets maintained BB&T Corporation (NYSE:BBT) on Thursday, April 19 with “Buy” rating. Keefe Bruyette & Woods maintained BB&T Corporation (NYSE:BBT) rating on Wednesday, August 23. Keefe Bruyette & Woods has “Hold” rating and $48.0 target. The stock of BB&T Corporation (NYSE:BBT) earned “Hold” rating by Keefe Bruyette & Woods on Wednesday, April 4. Robert W. Baird maintained BB&T Corporation (NYSE:BBT) rating on Tuesday, October 31. Robert W. Baird has “Hold” rating and $45.0 target. BMO Capital Markets maintained BB&T Corporation (NYSE:BBT) rating on Friday, October 20. BMO Capital Markets has “Market Perform” rating and $49 target.

More important recent BB&T Corporation (NYSE:BBT) news were published by: Seekingalpha.com which released: “Bank stocks likely to be more volatile on stress test results: Morgan Stanley” on June 22, 2018, also Prnewswire.com published article titled: “BB&T SCOTT & STRINGFELLOW EXPANDS FORT WORTH OFFICE”, Prnewswire.com published: “BB&T Corporation CEO to present at Morgan Stanley Financials Conference” on June 05, 2018. More interesting news about BB&T Corporation (NYSE:BBT) was released by: Seekingalpha.com and their article: “Auto lenders take on more risk to attract more customers: WSJ” with publication date: June 11, 2018.

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

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