Atria Investments LLC grew its stake in SunTrust Banks, Inc. (NYSE:STI) by 32.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,295 shares of the financial services provider’s stock after purchasing an additional 5,759 shares during the quarter. Atria Investments LLC’s holdings in SunTrust Banks were worth $1,505,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Advisory Services Network LLC raised its stake in shares of SunTrust Banks by 0.9% in the 2nd quarter. Advisory Services Network LLC now owns 2,140 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 20 shares during the period. Westwood Holdings Group Inc. purchased a new stake in shares of SunTrust Banks in the 2nd quarter valued at approximately $136,000. Tiedemann Wealth Management LLC increased its stake in SunTrust Banks by 12.1% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 26,961 shares of the financial services provider’s stock worth $142,000 after buying an additional 2,920 shares during the period. Dupont Capital Management Corp increased its stake in SunTrust Banks by 55.2% during the 3rd quarter. Dupont Capital Management Corp now owns 2,623 shares of the financial services provider’s stock worth $157,000 after buying an additional 933 shares during the period. Finally, Blue Granite Capital LLC purchased a new stake in SunTrust Banks during the 3rd quarter worth approximately $177,000. Hedge funds and other institutional investors own 81.82% of the company’s stock.
Several equities research analysts recently weighed in on STI shares. Barclays upped their target price on shares of SunTrust Banks from $68.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. B. Riley reaffirmed a “hold” rating and set a $70.00 target price on shares of SunTrust Banks in a research note on Monday, January 22nd. Morgan Stanley raised shares of SunTrust Banks from an “equal weight” rating to an “overweight” rating and set a $68.00 target price on the stock in a research note on Monday, January 8th. Zacks Investment Research upgraded shares of SunTrust Banks from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a report on Tuesday, December 26th. Finally, Raymond James Financial cut shares of SunTrust Banks from an “outperform” rating to a “market perform” rating in a report on Monday, October 23rd. Fifteen investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. SunTrust Banks presently has an average rating of “Hold” and an average price target of $69.02.
Shares of SunTrust Banks, Inc. (NYSE STI) traded up $1.68 during trading hours on Friday, reaching $67.48. 4,547,486 shares of the company were exchanged, compared to its average volume of 3,900,000. The firm has a market cap of $32,120.00, a PE ratio of 15.06, a P/E/G ratio of 1.26 and a beta of 1.37. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.92 and a current ratio of 0.93. SunTrust Banks, Inc. has a 12-month low of $51.96 and a 12-month high of $72.06.
SunTrust Banks (NYSE:STI) last issued its quarterly earnings results on Friday, January 19th. The financial services provider reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.04. The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.32 billion. SunTrust Banks had a net margin of 23.35% and a return on equity of 9.18%. SunTrust Banks’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 EPS. analysts anticipate that SunTrust Banks, Inc. will post 5.04 earnings per share for the current fiscal year.
In other SunTrust Banks news, Vice Chairman Mark A. Chancy sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $60.06, for a total transaction of $240,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jerome T. Lienhard sold 29,248 shares of the company’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $17.37, for a total transaction of $508,037.76. The disclosure for this sale can be found here. 0.55% of the stock is owned by corporate insiders.
SunTrust Banks Profile
SunTrust Banks, Inc is a provider of financial services. The Company’s principal subsidiary is SunTrust Bank (the Bank). The Company’s business segments include Consumer Banking and Private Wealth Management, Wholesale Banking, Mortgage Banking and Corporate Other. As of December 31, 2016, the Consumer Banking and Private Wealth Management segment consisted of three primary businesses: Consumer Banking, Consumer Lending and Private Wealth Management.
Receive News & Ratings for SunTrust Banks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunTrust Banks and related companies with MarketBeat.com's FREE daily email newsletter.