July 20, 2017 – By Jacob Falcon
Investors sentiment increased to 0.89 in Q4 2016. Its up 0.02, from 0.87 in 2016Q3. It is positive, as 44 investors sold SunTrust Banks, Inc. shares while 254 reduced holdings. 102 funds opened positions while 164 raised stakes. 396.46 million shares or 0.52% more from 394.42 million shares in 2016Q3 were reported.
New York State Common Retirement Fund stated it has 1.85 million shares. Old Savings Bank In has 0.83% invested in SunTrust Banks, Inc. (NYSE:STI). Gillespie Robinson And Grimm Incorporated holds 3.44% of its portfolio in SunTrust Banks, Inc. (NYSE:STI) for 417,021 shares. Pictet Asset Management Limited stated it has 0.05% of its portfolio in SunTrust Banks, Inc. (NYSE:STI). Korea Corporation stated it has 253,685 shares or 0.07% of all its holdings. Ledyard National Bank owns 168,161 shares for 1.64% of their portfolio. Savings Bank Of Montreal Can holds 0.12% or 2.17 million shares. Teacher Retirement System Of Texas reported 0.58% of its portfolio in SunTrust Banks, Inc. (NYSE:STI). Manufacturers Life Company The holds 0.17% or 2.23 million shares in its portfolio. Utah Retirement System accumulated 91,751 shares. Thompson Siegel & Walmsley Ltd invested in 116,837 shares or 0.08% of the stock. Nordea Invest Management has invested 0.03% in SunTrust Banks, Inc. (NYSE:STI). Amica Mutual Ins has 27,411 shares for 0.13% of their portfolio. 121,327 are owned by Arizona State Retirement System. Kanawha Capital Limited Liability holds 7,738 shares or 0.07% of its portfolio.
Since January 31, 2017, it had 1 insider purchase, and 3 sales for $1.95 million activity. Freeman Thomas E had sold 22,584 shares worth $1.34M on Tuesday, February 28. $578,474 worth of SunTrust Banks, Inc. (NYSE:STI) was sold by Fortin Raymond D on Thursday, February 9. Shares for $45,291 were sold by Johnson Susan S. 200 shares valued at $11,325 were bought by SCRUGGS FRANK P JR on Tuesday, January 31.
Analysts expect SunTrust Banks, Inc. (NYSE:STI) to report $0.98 EPS on July, 21 before the open.They anticipate $0.09 EPS change or 10.11 % from last quarter’s $0.89 EPS. STI’s profit would be $468.25M giving it 14.26 P/E if the $0.98 EPS is correct. After having $0.87 EPS previously, SunTrust Banks, Inc.’s analysts see 12.64 % EPS growth. The stock decreased 0.14% or $0.08 during the last trading session, reaching $55.88. About shares traded. SunTrust Banks, Inc. (NYSE:STI) has risen 26.82% since July 20, 2016 and is uptrending. It has outperformed by 10.12% the S&P500.
SunTrust Banks, Inc. (NYSE:STI) Ratings Coverage
Among 27 analysts covering Suntrust Banks Inc. (NYSE:STI), 12 have Buy rating, 1 Sell and 14 Hold. Therefore 44% are positive. Suntrust Banks Inc. had 59 analyst reports since July 20, 2015 according to SRatingsIntel. The rating was maintained by JP Morgan on Thursday, April 7 with “Overweight”. The company was maintained on Wednesday, August 12 by Deutsche Bank. As per Wednesday, October 21, the company rating was maintained by Citigroup. The stock of SunTrust Banks, Inc. (NYSE:STI) earned “Hold” rating by BMO Capital Markets on Friday, July 7. As per Friday, July 15, the company rating was downgraded by Robert W. Baird. On Wednesday, January 11 the stock rating was initiated by UBS with “Neutral”. Zacks upgraded SunTrust Banks, Inc. (NYSE:STI) rating on Monday, September 7. Zacks has “Buy” rating and $43 target. The stock has “Market Perform” rating by BMO Capital Markets on Monday, October 19. On Monday, January 25 the stock rating was maintained by Barclays Capital with “Equal Weight”. Standpoint Research downgraded SunTrust Banks, Inc. (NYSE:STI) on Tuesday, November 15 to “Hold” rating.
SunTrust Banks, Inc. is a provider of financial services. The company has market cap of $26.70 billion. The Company’s principal subsidiary is SunTrust Bank . It has a 15.26 P/E ratio. The Company’s business divisions include Consumer Banking and Private Wealth Management, Wholesale Banking, Mortgage Banking and Corporate Other.
More important recent SunTrust Banks, Inc. (NYSE:STI) news were published by: Nasdaq.com which released: “West Oak Capital, LLC Buys Paychex Inc, SunTrust Banks Inc, California First …” on July 07, 2017, also Bizjournals.com published article titled: “SunTrust hires HSBC banker to oversee Charlotte region”, Zacks.com published: “Why an Earnings Beat is Likely for SunTrust (STI) in Q2” on July 19, 2017. More interesting news about SunTrust Banks, Inc. (NYSE:STI) was released by: Prnewswire.com and their article: “SunTrust Announces Financial Confidence Tour Inspiring Americans to Take …” with publication date: June 20, 2017.
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