SunTrust Banks, Inc. (STI) Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group increased its stake in shares of SunTrust Banks, Inc. (NYSE:STI) by 6.7% during the 4th quarter, Holdings Channel reports. The firm owned 1,052,026 shares of the financial services provider’s stock after acquiring an additional 66,192 shares during the quarter. Schroder Investment Management Group’s holdings in SunTrust Banks were worth $67,950,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mountain Pacific Investment Advisers Inc. ID grew its stake in shares of SunTrust Banks by 242.7% during the third quarter. Mountain Pacific Investment Advisers Inc. ID now owns 23,017 shares of the financial services provider’s stock valued at $1,376,000 after purchasing an additional 16,300 shares during the last quarter. Whittier Trust Co. lifted its holdings in SunTrust Banks by 119.9% in the third quarter. Whittier Trust Co. now owns 4,197 shares of the financial services provider’s stock valued at $251,000 after buying an additional 2,288 shares during the period. Copper Rock Capital Partners LLC lifted its holdings in SunTrust Banks by 48.4% in the fourth quarter. Copper Rock Capital Partners LLC now owns 135,293 shares of the financial services provider’s stock valued at $8,854,000 after buying an additional 44,110 shares during the period. Highstreet Asset Management Inc. acquired a new position in SunTrust Banks in the third quarter valued at approximately $778,000. Finally, Commerce Bank lifted its holdings in SunTrust Banks by 293.8% in the third quarter. Commerce Bank now owns 17,967 shares of the financial services provider’s stock valued at $1,074,000 after buying an additional 13,405 shares during the period. 81.91% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Jerome T. Lienhard sold 29,248 shares of SunTrust Banks stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $17.37, for a total value of $508,037.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Mark A. Chancy sold 4,000 shares of SunTrust Banks stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $60.06, for a total transaction of $240,240.00. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by company insiders.

Several equities analysts recently weighed in on STI shares. Nomura increased their price objective on shares of SunTrust Banks from $63.00 to $64.00 and gave the company a “neutral” rating in a report on Thursday, October 26th. Barclays increased their target price on shares of SunTrust Banks from $65.00 to $68.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Wedbush lowered shares of SunTrust Banks from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $71.00 to $63.00 in a report on Thursday, December 21st. They noted that the move was a valuation call. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $77.00 target price on shares of SunTrust Banks in a report on Friday, December 29th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $68.00 target price on shares of SunTrust Banks in a report on Thursday, January 4th. Fifteen research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $69.02.

Shares of SunTrust Banks, Inc. (STI) opened at $71.15 on Monday. SunTrust Banks, Inc. has a twelve month low of $51.96 and a twelve month high of $72.06. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.43. The company has a market cap of $33,506.74, a price-to-earnings ratio of 17.57, a P/E/G ratio of 1.13 and a beta of 1.37.

SunTrust Banks (NYSE:STI) last released its earnings results on Friday, January 19th. The financial services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.32 billion. SunTrust Banks had a net margin of 23.35% and a return on equity of 9.18%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.90 earnings per share. analysts predict that SunTrust Banks, Inc. will post 5.03 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Tuesday, February 27th. SunTrust Banks’s dividend payout ratio (DPR) is currently 35.71%.

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SunTrust Banks Company 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.

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Institutional Ownership by Quarter for SunTrust Banks (NYSE:STI)

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