SunTrust Banks, Inc. (STI) Holdings Decreased by Guggenheim Capital LLC

Guggenheim Capital LLC decreased its stake in shares of SunTrust Banks, Inc. (NYSE:STI) by 6.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 790,776 shares of the financial services provider’s stock after selling 55,310 shares during the quarter. Guggenheim Capital LLC owned about 0.17% of SunTrust Banks worth $53,805,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of STI. Intercontinental Wealth Advisors LLC increased its holdings in shares of SunTrust Banks by 13.8% during the 4th quarter. Intercontinental Wealth Advisors LLC now owns 5,845 shares of the financial services provider’s stock worth $378,000 after acquiring an additional 707 shares during the last quarter. Bray Capital Advisors increased its holdings in shares of SunTrust Banks by 21.2% during the 1st quarter. Bray Capital Advisors now owns 4,491 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 786 shares during the last quarter. LS Investment Advisors LLC increased its holdings in shares of SunTrust Banks by 3.6% during the 1st quarter. LS Investment Advisors LLC now owns 23,233 shares of the financial services provider’s stock worth $1,581,000 after acquiring an additional 803 shares during the last quarter. Advisor Group Inc. increased its holdings in shares of SunTrust Banks by 3.9% during the 4th quarter. Advisor Group Inc. now owns 21,547 shares of the financial services provider’s stock worth $1,393,000 after acquiring an additional 811 shares during the last quarter. Finally, Columbia Partners L L C Investment Management increased its holdings in shares of SunTrust Banks by 22.2% during the 4th quarter. Columbia Partners L L C Investment Management now owns 4,519 shares of the financial services provider’s stock worth $291,000 after acquiring an additional 821 shares during the last quarter. 83.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:STI traded up $0.19 during trading on Monday, reaching $69.00. 30,452 shares of the company traded hands, compared to its average volume of 2,797,944. The company has a market cap of $31.98 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 1.01 and a beta of 1.31. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.91 and a current ratio of 0.93. SunTrust Banks, Inc. has a 52 week low of $51.96 and a 52 week high of $73.37.



SunTrust Banks (NYSE:STI) last released its earnings results on Friday, April 20th. The financial services provider reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.18. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.29 billion. SunTrust Banks had a return on equity of 10.05% and a net margin of 24.92%. The company’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 EPS. research analysts predict that SunTrust Banks, Inc. will post 5.29 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Thursday, May 31st were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, May 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.32%. SunTrust Banks’s payout ratio is 39.60%.

In other news, COO Hugh S. Cummins III sold 11,000 shares of the company’s stock in a transaction on Monday, May 21st. The stock was sold at an average price of $69.00, for a total transaction of $759,000.00. Following the completion of the sale, the chief operating officer now directly owns 40,198 shares in the company, valued at approximately $2,773,662. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Jerome T. Lienhard sold 8,750 shares of the company’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $69.06, for a total value of $604,275.00. Following the sale, the executive vice president now owns 41,374 shares of the company’s stock, valued at $2,857,288.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,250 shares of company stock valued at $1,464,300. Corporate insiders own 0.52% of the company’s stock.

A number of research analysts recently weighed in on STI shares. Stephens lowered SunTrust Banks from an “overweight” rating to an “equal weight” rating in a report on Monday, April 23rd. They noted that the move was a valuation call. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $75.00 price objective on shares of SunTrust Banks in a report on Thursday, April 5th. Susquehanna Bancshares set a $75.00 price objective on SunTrust Banks and gave the company a “hold” rating in a report on Tuesday, April 10th. Zacks Investment Research lowered SunTrust Banks from a “buy” rating to a “hold” rating in a report on Monday, March 26th. Finally, Credit Suisse Group upped their price objective on SunTrust Banks from $73.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, April 23rd. Eighteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $70.50.

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

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