Suntrust Banks Inc Stock [FallsFell] as Big Money Exit, Sentiment at 1.04

June 27, 2018 - By Alex Paulin

SunTrust Banks, Inc. (NYSE:STI) Corporate Logo

“Big money” Positions

“Big money sentiment for Suntrust Banks Inc (NYSE:STI) in Q1 2018 decreased to 1.04, SEC.gov filings reveal. That’s down -0.05, from 2017Q4’s 1.09. 309 investment professionals started new and increased positions, while 296 reduced and sold stakes in Suntrust Banks Inc so the sentiment is negative. These funds own 380.01 million shares, that’s down from 381.57 million shares in 2017Q4. Funds holding Suntrust Banks Inc in top 10 increased from 9 to 15 for an increase of 6. 50 Investors Sold All; 246 Reduced Holdings; 215 increased stakes while 94 investment professionals bought stakes.

Biggest Suntrust Banks Inc Shareholders

As of Q1 2018 Elizabeth Park Capital Advisors Ltd. has 4.75% invested in Suntrust Banks Inc. Suntrust Banks Inc’s shareholder Gator Capital Management Llc owns 66,509 shares as of Q1 2018. Css Llc Il reported 1.23 million shares. The Washington-based fund Washington Capital Management Inc have invested about 3.68% of the institutional investor’s stock portfolio in Suntrust Banks Inc. The Connecticut-based fund Gillespie Robinson & Grimm Inc looks positive on Suntrust Banks Inc, possessing 409,255 shares.

SunTrust Banks, Inc. operates as the holding firm for SunTrust Bank that provides various financial services for consumers, businesses, firms, and institutions in the United States.The firm is valued at $30.78 billion. It operates through three divisions: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking.14.81 is the P/E ratio. The Consumer Banking and Private Wealth Management 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; and professional investment management and trust services, as well as family office solutions.

STI is reaching $66.22 during the last trading session, after increased 0.10%.Currently SunTrust Banks, Inc. is uptrending after 26.44% change in last June 27, 2017. STI has 1.04 million shares volume. STI outperformed the S&P 500 by 13.87%.

SunTrust Banks, Inc. (NYSE:STI)’s earnings report is expected on July, 20., according to Faxor. The EPS diference is $0.26 or 25.24 % up from last years number. Previous year: $1.03; Analysts forcast: $1.29. If EPS of $1.29 is reported the profit of STI could reach $599.63 million giving it 12.83 P/E. Wall Street now forecasts 0.00 % EPS growth despite SunTrust Banks, Inc. last quarter’s EPS of $1.29.

Glenmede Na owns 526,669 shs. Westpac Banking stated it has 0% of its capital in SunTrust Banks, Inc. (NYSE:STI). Cap Invest Lc holds 0.09% or 21,222 shs. Bb&T Corp holds 0.1% or 77,656 shs. Natl Bank Of Montreal Can has 0.09% invested in SunTrust Banks, Inc. (NYSE:STI) for 1.53 million shs. First Manhattan reported 5,206 shs. Homrich & Berg, a Georgia-based fund reported 3,348 shs. Advisors Asset stated it has 9,109 shs or 0.01% of all its holdings. Blackrock Inc, a New York-based fund reported 45.53 million shs. Gyroscope Capital Mngmt Group Limited Liability Company stated it has 0.17% in SunTrust Banks, Inc. (NYSE:STI). Amer Assets Mngmt Lc reported 15,000 shs stake. United Services Automobile Association reported 148,270 shs stake. Atlantic Trust Ltd Liability Company reported 11,527 shs. Roanoke Asset Mgmt New York reported 3,048 shs or 0.1% of all its holdings. Tru Company Of Vermont invested in 0.01% or 800 shs.

SunTrust Banks, Inc. had 6 selling transactions and 2 insider buys since January 23, 2018. This’s net activity of $2.29 million. $69,010 worth of stock was bought by SCRUGGS FRANK P JR on Wednesday, May 16. On Tuesday, January 23 a trade for 29,248 shs valued at $507,911 was made by Lienhard Jerome T. On Friday, May 4 VOORHEES STEVEN C bought $395,760 worth of SunTrust Banks, Inc. (NYSE:STI) or 6,000 shs. 11,000 shs were sold by Cummins Hugh S. III, worth $759,000 on Monday, May 21. 1,500 shs were sold by Scanlan Agnes Bundy, worth $101,025 on Wednesday, May 2. Johnson Susan S also sold $255,737 worth of SunTrust Banks, Inc. (NYSE:STI) on Tuesday, February 20.

SunTrust Banks, Inc. (NYSE:STI) Ratings Coverage

In total 15 analysts cover SunTrust Banks (NYSE:STI). “Buy” rating has 7, “Sell” are 0, while 8 are “Hold”. 47% are bullish. 23 are the (NYSE:STI)’s analyst reports since January 2, 2018 according to StockzIntelligence Inc. On Friday, January 19 RBC Capital Markets maintained the shares of STI in report with “Buy” rating. On Monday, April 23 the company was maintained by BMO Capital Markets. On Sunday, April 22 the stock of SunTrust Banks, Inc. (NYSE:STI) earned “Buy” rating by Jefferies. On Tuesday, January 2 the stock has “Hold” rating by Barclays Capital. On Monday, January 8 the rating was maintained by Jefferies with “Buy”. In Wednesday, April 4 report Keefe Bruyette & Woods maintained it with “Buy” rating and $7500 target. On Monday, January 8 the rating was upgraded by Morgan Stanley to “Overweight”. On Monday, April 23 the stock has “Hold” rating by Stephens. On Monday, April 23 the firm has “Neutral” rating given by Credit Suisse. On Friday, February 2 Morgan Stanley maintained the shares of STI in report with “Overweight” rating.

A couple more SunTrust Banks, Inc. (NYSE:STI) news were announced by: Seekingalpha.com which released on June 14, 2018 “SunTrust expands aging services industry group nationally”, also Bizjournals.com on June 11, 2018 announced “Confirmed: SunTrust to move its Orlando HQ to Church Street Plaza”, the next Benzinga.com is “Benzinga’s Top Upgrades, Downgrades For June 27, 2018” on June 27, 2018. Bizjournals.com has article titled “Exclusive: SunTrust Center owner to renovate iconic downtown office tower”.

SunTrust Banks, Inc. (NYSE:STI) Institutional Investors Chart

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