O Shaughnessy Asset Management LLC lifted its holdings in SunTrust Banks, Inc. (NYSE:STI) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 267,706 shares of the financial services provider’s stock after purchasing an additional 4,269 shares during the period. O Shaughnessy Asset Management LLC owned about 0.06% of SunTrust Banks worth $17,826,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the stock. Dupont Capital Management Corp increased its stake in shares of SunTrust Banks by 34.5% in the 3rd quarter. Dupont Capital Management Corp now owns 49,703 shares of the financial services provider’s stock valued at $3,320,000 after purchasing an additional 12,745 shares in the last quarter. Resource Planning Group purchased a new position in shares of SunTrust Banks in the 3rd quarter valued at about $324,000. Janney Montgomery Scott LLC increased its stake in shares of SunTrust Banks by 11.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 250,528 shares of the financial services provider’s stock valued at $16,733,000 after purchasing an additional 25,047 shares in the last quarter. Comerica Securities Inc. increased its stake in shares of SunTrust Banks by 26.3% in the 3rd quarter. Comerica Securities Inc. now owns 46,494 shares of the financial services provider’s stock valued at $3,105,000 after purchasing an additional 9,678 shares in the last quarter. Finally, Exencial Wealth Advisors LLC increased its stake in shares of SunTrust Banks by 3.1% in the 3rd quarter. Exencial Wealth Advisors LLC now owns 70,665 shares of the financial services provider’s stock valued at $4,720,000 after purchasing an additional 2,149 shares in the last quarter. Hedge funds and other institutional investors own 84.07% of the company’s stock.
STI stock opened at $63.53 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.95. SunTrust Banks, Inc. has a 12-month low of $56.30 and a 12-month high of $75.08. The stock has a market capitalization of $28.23 billion, a P/E ratio of 15.73, a PEG ratio of 1.04 and a beta of 1.27.
SunTrust Banks (NYSE:STI) last posted its quarterly earnings data on Friday, October 19th. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.17. SunTrust Banks had a return on equity of 11.66% and a net margin of 28.17%. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the previous year, the firm posted $1.06 EPS. SunTrust Banks’s revenue was down .8% compared to the same quarter last year. As a group, analysts expect that SunTrust Banks, Inc. will post 5.59 earnings per share for the current year.
In related news, EVP Jorge Arrieta sold 2,500 shares of SunTrust Banks stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $73.13, for a total value of $182,825.00. Following the sale, the executive vice president now directly owns 6,148 shares in the company, valued at approximately $449,603.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.52% of the company’s stock.
Several equities analysts recently weighed in on STI shares. BMO Capital Markets lifted their price target on SunTrust Banks from $73.00 to $74.00 and gave the company a “$72.58” rating in a research note on Monday, July 23rd. Barclays lifted their price target on SunTrust Banks from $77.00 to $79.00 and gave the company a “$72.58” rating in a research note on Monday, July 23rd. Ameriprise Financial upgraded SunTrust Banks from a “neutral” rating to a “buy” rating in a research note on Monday, July 23rd. B. Riley upgraded SunTrust Banks from a “neutral” rating to a “buy” rating and lifted their price target for the company from $70.00 to $81.00 in a research note on Monday, July 23rd. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $79.00 price target on shares of SunTrust Banks in a research note on Monday, July 23rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company’s stock. SunTrust Banks presently has an average rating of “Hold” and a consensus price target of $77.00.
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SunTrust Banks Company Profile
SunTrust Banks, Inc operates as the holding company for SunTrust Bank that provides various financial services for consumers, businesses, corporations, and institutions in the United States. It operates through two segments, Consumer and Wholesale. The Consumer segment provides deposits and payments; home equity and personal credit lines; auto, student, and other lending products; credit cards; discount/online and full-service brokerage products; professional investment advisory products and services; and trust services, as well as family office solutions.
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