Suntrust Banks Inc (NYSE:STI) Institutional Investor Positioning

Lloyd Doyle
January 14, 2018

It now has negative earnings. Sandler O'Neill cut SunTrust Banks from a "buy" rating to a "hold" rating and set a $62.00 target price on the stock.in a research report on Monday, October 23rd. Endeavour Capital Advisors Inc sold 54,713 shares as the company's stock declined 9.30% while stock markets rallied. Northern Trust holds 0.08% or 5.38M shares. BLACKROCK INC. owned 32.02% of NRG Energy, Inc.

Occidental Petroleum Corporation (NYSE:OXY) shares price declined -0.85% during latest trading session. The total number of shares traded in the last 90-day period is 28,958. SunTrust Banks, Inc. (NYSE:STI) has risen 26.82% since January 10, 2017 and is uptrending. It has outperformed by 10.12% the S&P500. Morgan Stanley downgraded SunTrust Banks from an "equal weight" rating to an "underweight" rating in a report on Tuesday, January 31st.

COPYRIGHT VIOLATION WARNING: "SunTrust Banks (STI) Given "Buy" Rating at Vining Sparks" was first reported by Registrar Journal and is the property of of Registrar Journal.

Taking a look at insider trading at SunTrust Banks, Inc. MNTA was included in 4 notes of analysts from September 7, 2016. The stock of Splunk Inc. (NASDAQ:SPLK) earned "Buy" rating by Rosenblatt on Friday, November 17. (NASDAQ:MNTA) has "Hold" rating given on Tuesday, November 22 by Aegis Capital. The company was maintained on Tuesday, October 3 by BMO Capital Markets. Stockholders of record on Thursday, November 30th were given a dividend of $0.40 per share. (NYSE:STI). Livforsakringsbolaget Skandia Omsesidigt has invested 0.15% in SunTrust Banks, Inc. Gillespie Robinson & Grimm Inc stated it has 429,205 shares or 3.42% of all its holdings. First Citizens Bank & Trust Co.'s holdings in SunTrust Banks were worth $2,413,000 at the end of the most recent reporting period. Delta Asset Management Llc Tn, a Tennessee-based fund reported 311,960 shares.#img1#.

Since September 11, 2017, it had 0 insider purchases, and 3 sales for $24.20 million activity.

Insider trading over the last 12 months, however, paints a different picture. About 3.28 million shares traded. The correct version of this piece can be read at https://www.truebluetribune.com/2018/01/12/bremer-trust-national-association-reduces-holdings-in-suntrust-banks-inc-sti.html. It has outperformed by 13.83% the S&P500.

Discover the "Next Apple", or the "next Google", before anyone else. (NASDAQ:HA) to report earnings on January, 23. The firm's quarterly revenue was up 3.7% compared to the same quarter a year ago. TRS's profit will be $14.63M for 20.90 P/E if the $0.32 EPS becomes a reality. After $0.39 actual earnings per share reported by TriMas Corporation for the previous quarter, Wall Street now forecasts -17.95% negative EPS growth.

Bulldog Investors Llc increased Franklin Unvl Tr (FT) stake by 110.09% reported in 2017Q3 SEC filing. Van Strum & Towne Inc. owns 663,867 shares or 3.14% of their United States portfolio. Gilead Sciences Inc Com (NASDAQ:GILD) was raised too. Suntrust Banks Inc now has $31.87B valuation. (STI) opened at $67.70 on Thursday. Therefore 47% are positive. The rating was maintained by Jefferies with "Buy" on Friday, August 11. (NYSE:STI) was sold by Johnson Susan S on Monday, August 14. Susquehanna has "Buy" rating and $155 target. Credit Suisse maintained it with "Outperform" rating and $85 target in Monday, August 31 report. The firm earned "Hold" rating on Friday, September 15 by Seaport Global. The firm has "Buy" rating given on Wednesday, October 12 by Deutsche Bank.


The movement of stock as RSI reading reached at 64.88 because on this mostly stock considered as overbought or oversold. As per Monday, August 24, the company rating was maintained by FBR Capital. As per Wednesday, October 12, the company rating was maintained by Citigroup. Fourteen investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Its down 0.09, from 1.14 in 2017Q2. Sold All: 65 Reduced: 235 Increased: 205 New Position: 69.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. 375.36 million shares or 2.72% less from 385.84 million shares in 2017Q2 were reported. Wells Fargo & Mn, a California-based fund reported 2.08M shares. The Price to Cash Flow for SunTrust Banks, Inc. Ww Asset Inc holds 0.09% in SunTrust Banks, Inc.

Several analysts have issued reports on STI shares. Krilogy Financial LLC increased its position in SunTrust Banks by 1.8% in the 2nd quarter. Finally, Dupont Capital Management Corp raised its stake in SunTrust Banks by 55.2% during the 3rd quarter. (NYSE:STI) for 750,175 shares. Dana Inv Advisors owns 6,142 shares. Associated Banc accumulated 57,537 shares. Exxonmobil Mngmt Tx owns 87,643 shares. 9,128 are owned by Texas Yale Cap.

Hawaiian Holdings, Inc., through its subsidiary, Hawaiian Airlines, Inc., engages in the scheduled air transportation of passengers and cargo. 4,573 are held by Tokio Marine Asset Management Communications Ltd. Aviva Plc accumulated 0.1% or 309,311 shares. Thompson Invest Mgmt Inc owns 20,656 shares. The shares were sold at an average price of $60.06, for a total value of $240,240.00. American Grp Incorporated has invested 0.04% in SunTrust Banks, Inc. (NYSE:STI). Citadel Limited Liability reported 0.06% stake.

Since August 14, 2017, it had 0 buys, and 1 sale for $46,331 activity.

Among 34 analysts covering Suntrust Banks Inc.

SunTrust Banks (NYSE:STI) last issued its earnings results on Friday, October 20th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. STI's profit will be $499.87 million for 16.39 P/E if the $1.05 EPS becomes a reality. After $1.06 actual EPS reported by SunTrust Banks, Inc. for the previous quarter, Wall Street now forecasts -0.94% negative EPS growth.

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