Capital Fund Management S.A. Has $1.77 Million Stake in SunTrust Banks, Inc. (STI)

Capital Fund Management S.A. reduced its stake in SunTrust Banks, Inc. (NYSE:STI) by 85.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 27,456 shares of the financial services provider’s stock after selling 161,476 shares during the quarter. Capital Fund Management S.A.’s holdings in SunTrust Banks were worth $1,773,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in shares of SunTrust Banks by 31.4% in the 3rd quarter. American Century Companies Inc. now owns 7,293,744 shares of the financial services provider’s stock worth $435,947,000 after acquiring an additional 1,742,756 shares in the last quarter. Boston Partners boosted its holdings in shares of SunTrust Banks by 3.2% in the 4th quarter. Boston Partners now owns 7,033,278 shares of the financial services provider’s stock worth $454,279,000 after acquiring an additional 221,043 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of SunTrust Banks by 7.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,448,472 shares of the financial services provider’s stock worth $385,427,000 after acquiring an additional 437,387 shares in the last quarter. LSV Asset Management boosted its holdings in shares of SunTrust Banks by 0.5% in the 4th quarter. LSV Asset Management now owns 6,367,422 shares of the financial services provider’s stock worth $411,271,000 after acquiring an additional 33,530 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of SunTrust Banks by 9.5% in the 4th quarter. Victory Capital Management Inc. now owns 6,359,543 shares of the financial services provider’s stock worth $410,764,000 after acquiring an additional 549,640 shares in the last quarter. Institutional investors own 81.91% of the company’s stock.

SunTrust Banks, Inc. (NYSE STI) opened at $71.15 on Tuesday. SunTrust Banks, Inc. has a 1-year low of $51.96 and a 1-year 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 stock has a market capitalization of $33,870.00, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 1.13 and a beta of 1.37.

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

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

Several research analysts have recently commented on STI shares. UBS Group downgraded SunTrust Banks from an “outperform” rating to a “market perform” rating in a report on Monday, October 23rd. Royal Bank of Canada reissued a “buy” rating and issued a $65.00 target price on shares of SunTrust Banks in a report on Monday, October 23rd. Citigroup downgraded SunTrust Banks from an “outperform” rating to a “market perform” rating in a report on Monday, October 23rd. They noted that the move was a valuation call. Sandler O’Neill downgraded SunTrust Banks from a “buy” rating to a “hold” rating and set a $62.00 target price on the stock. in a report on Monday, October 23rd. Finally, Raymond James Financial downgraded SunTrust Banks from an “outperform” rating to a “market perform” rating in a report on Monday, October 23rd. Fifteen analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. SunTrust Banks currently has a consensus rating of “Hold” and a consensus target price of $69.02.

In other news, Vice Chairman Mark A. Chancy sold 4,000 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $60.06, for a total value of $240,240.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jerome T. Lienhard sold 29,248 shares of the stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $17.37, for a total value of $508,037.76. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company’s stock.

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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.

Want to see what other hedge funds are holding STI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SunTrust Banks, Inc. (NYSE:STI).

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

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