Argent Trust Co lifted its holdings in shares of SunTrust Banks, Inc. (NYSE:STI) by 31.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,927 shares of the financial services provider’s stock after buying an additional 12,281 shares during the period. Argent Trust Co’s holdings in SunTrust Banks were worth $2,619,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Alpha Windward LLC raised 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 buying an additional 11,008 shares in the last quarter. Willis Investment Counsel raised 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 buying an additional 48,700 shares in the last quarter. G&S Capital LLC increased its holdings in SunTrust Banks by 2.3% in the 3rd quarter. G&S Capital LLC now owns 48,121 shares of the financial services provider’s stock worth $3,214,000 after purchasing an additional 1,062 shares in the last quarter. Dorsey & Whitney Trust CO LLC acquired a new position in SunTrust Banks in the 3rd quarter worth about $202,000. Finally, United Services Automobile Association increased its holdings in SunTrust Banks by 5.2% in the 3rd quarter. United Services Automobile Association now owns 236,580 shares of the financial services provider’s stock worth $15,801,000 after purchasing an additional 11,622 shares in the last quarter. 83.02% of the stock is owned by institutional investors.
STI has been the subject of a number of recent research reports. Credit Suisse Group lowered their target price on SunTrust Banks from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Friday, December 7th. Jefferies Financial Group cut SunTrust Banks from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. ValuEngine raised SunTrust Banks from a “sell” rating to a “hold” rating in a report on Saturday, January 19th. Zacks Investment Research raised SunTrust Banks from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Saturday, January 5th. Finally, Edward Jones raised SunTrust Banks from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. Fourteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $72.02.
SunTrust Banks (NYSE:STI) last released its quarterly earnings results 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 quarter in the previous year, the company posted $1.09 EPS. The business’s revenue was up 4.3% on a year-over-year basis. Equities research analysts expect that SunTrust Banks, Inc. will post 5.87 EPS for the current year.
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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