Victory Capital Management Inc. grew its stake in shares of SunTrust Banks, Inc. (NYSE:STI) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,136,609 shares of the financial services provider’s stock after purchasing an additional 144,530 shares during the quarter. SunTrust Banks comprises about 0.7% of Victory Capital Management Inc.’s portfolio, making the stock its 10th biggest holding. Victory Capital Management Inc. owned about 1.14% of SunTrust Banks worth $259,091,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. Alpha Windward LLC increased its holdings in shares of SunTrust Banks by 2,274.4% during the 4th quarter. Alpha Windward LLC now owns 11,492 shares of the financial services provider’s stock worth $580,000 after acquiring an additional 11,008 shares during the last quarter. Willis Investment Counsel increased its holdings in shares of SunTrust Banks by 22.3% during the 3rd quarter. Willis Investment Counsel now owns 267,446 shares of the financial services provider’s stock worth $17,863,000 after acquiring an additional 48,700 shares during the last quarter. G&S Capital LLC increased its holdings in shares of SunTrust Banks by 2.3% during the 3rd quarter. G&S Capital LLC now owns 48,121 shares of the financial services provider’s stock worth $3,214,000 after acquiring an additional 1,062 shares during the last quarter. Dorsey & Whitney Trust CO LLC acquired a new position in shares of SunTrust Banks during the 3rd quarter worth approximately $202,000. Finally, United Services Automobile Association increased its holdings in shares of SunTrust Banks by 5.2% during the 3rd quarter. United Services Automobile Association now owns 236,580 shares of the financial services provider’s stock worth $15,801,000 after acquiring an additional 11,622 shares during the last quarter. 83.02% of the stock is currently owned by hedge funds and other institutional investors.
NYSE STI traded up $0.87 on Tuesday, reaching $65.64. The stock had a trading volume of 1,780,338 shares, compared to its average volume of 5,805,958. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.95 and a quick ratio of 0.94. SunTrust Banks, Inc. has a 1-year low of $46.05 and a 1-year high of $75.08. The firm has a market cap of $23.99 billion, a price-to-earnings ratio of 11.52, a P/E/G ratio of 1.32 and a beta of 1.51.
SunTrust Banks (NYSE:STI) last issued its quarterly earnings data on Friday, January 18th. The financial services provider reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.10. SunTrust Banks had a return on equity of 12.40% and a net margin of 26.61%. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same period in the prior year, the firm posted $1.09 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities analysts anticipate that SunTrust Banks, Inc. will post 5.87 earnings per share for the current fiscal year.
A number of research analysts recently weighed in on the company. BMO Capital Markets boosted their target price on SunTrust Banks from $61.00 to $73.00 and gave the stock a “market perform” rating in a report on Monday. Keefe, Bruyette & Woods lowered SunTrust Banks from an “outperform” rating to a “market perform” rating in a report on Friday. Sandler O’Neill lowered SunTrust Banks from a “buy” rating to a “hold” rating and set a $69.00 target price on the stock. in a report on Friday. Macquarie raised SunTrust Banks from an “underperform” rating to a “neutral” rating and set a $64.72 target price on the stock in a report on Friday. Finally, Sanford C. Bernstein lowered SunTrust Banks from an “outperform” rating to a “market perform” rating and set a $64.72 target price on the stock. in a report on Friday. Fourteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $72.02.
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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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