What Hedge Funds Think About BB&T Corporation (BBT)

Page 1 of 2

At the moment, there are a multitude of metrics shareholders can use to watch Mr. Market. A pair of the best are hedge fund and insider trading sentiment. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the elite investment managers can outpace their index-focused peers by a significant amount (see just how much).

Just as necessary, bullish insider trading sentiment is a second way to look at the world of equities. Obviously, there are a variety of stimuli for a bullish insider to sell shares of his or her company, but just one, very simple reason why they would buy. Many empirical studies have demonstrated the valuable potential of this tactic if shareholders know where to look (learn more here).

Furthermore, let’s discuss the latest info for BB&T Corporation (NYSE:BBT).

BB&T Corporation (NYSE:BBT)

How have hedgies been trading BB&T Corporation (NYSE:BBT)?

In preparation for the third quarter, a total of 26 of the hedge funds we track were bullish in this stock, a change of 8% from the previous quarter. With hedge funds’ capital changing hands, there exists a few key hedge fund managers who were upping their stakes substantially.

Out of the hedge funds we follow, Matt McLennan’s First Eagle Investment Management had the biggest position in BB&T Corporation (NYSE:BBT), worth close to $469.1 million, comprising 1.4% of its total 13F portfolio. Coming in second is Adage Capital Management, managed by Phill Gross and Robert Atchinson, which held a $90.6 million position; the fund has 0.3% of its 13F portfolio invested in the stock. Other hedge funds that are bullish include Clint Carlson’s Carlson Capital, Israel Englander’s Millennium Management and Jim Simons’s Renaissance Technologies.

Consequently, certain bigger names have been driving this bullishness. First Eagle Investment Management, managed by Matt McLennan, initiated the most valuable position in BB&T Corporation (NYSE:BBT). First Eagle Investment Management had 469.1 million invested in the company at the end of the quarter. Phill Gross and Robert Atchinson’s Adage Capital Management also initiated a $90.6 million position during the quarter. The other funds with brand new BBT positions are Clint Carlson’s Carlson Capital, Israel Englander’s Millennium Management, and Jim Simons’s Renaissance Technologies.

Insider trading activity in BB&T Corporation (NYSE:BBT)

Insider buying made by high-level executives is particularly usable when the company we’re looking at has experienced transactions within the past 180 days. Over the last six-month time frame, BB&T Corporation (NYSE:BBT) has seen 3 unique insiders purchasing, and 12 insider sales (see the details of insider trades here).

We’ll go over the relationship between both of these indicators in other stocks similar to BB&T Corporation (NYSE:BBT). These stocks are SCBT Financial Corporation (NASDAQ:SCBT), United Bankshares, Inc. (NASDAQ:UBSI), First Citizens BancShares Inc. (NASDAQ:FCNCA), Synovus Financial Corp. (NYSE:SNV), and BankUnited (NYSE:BKU). This group of stocks belong to the regional – mid-atlantic banks industry and their market caps are closest to BBT’s market cap.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!