SunTrust Banks, Inc. (STI) Shares Sold by Diversified Trust Co

Diversified Trust Co trimmed its stake in SunTrust Banks, Inc. (NYSE:STI) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,358 shares of the financial services provider’s stock after selling 901 shares during the period. Diversified Trust Co’s holdings in SunTrust Banks were worth $6,353,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Advisory Services Network LLC raised its holdings in SunTrust Banks by 0.9% in the second quarter. Advisory Services Network LLC now owns 2,140 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 20 shares in the last quarter. Balentine LLC increased its holdings in shares of SunTrust Banks by 2.9% during the second quarter. Balentine LLC now owns 3,148 shares of the financial services provider’s stock valued at $179,000 after acquiring an additional 90 shares in the last quarter. Krilogy Financial LLC increased its holdings in shares of SunTrust Banks by 1.8% during the second quarter. Krilogy Financial LLC now owns 5,153 shares of the financial services provider’s stock valued at $292,000 after acquiring an additional 90 shares in the last quarter. Thrivent Financial For Lutherans increased its holdings in shares of SunTrust Banks by 1.7% during the second quarter. Thrivent Financial For Lutherans now owns 18,320 shares of the financial services provider’s stock valued at $1,039,000 after acquiring an additional 310 shares in the last quarter. Finally, Investec Asset Management PTY Ltd increased its holdings in shares of SunTrust Banks by 3.4% during the third quarter. Investec Asset Management PTY Ltd now owns 28,280 shares of the financial services provider’s stock valued at $1,688,000 after acquiring an additional 926 shares in the last quarter. 80.71% of the stock is owned by institutional investors and hedge funds.

In other news, Director Kyle P. Legg sold 3,300 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $21.82, for a total value of $72,006.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Mark A. Chancy sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $60.06, for a total value of $240,240.00. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by corporate insiders.

Shares of SunTrust Banks, Inc. (NYSE STI) traded up $0.17 during mid-day trading on Friday, hitting $68.11. The stock had a trading volume of 1,947,322 shares, compared to its average volume of 4,077,192. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $32,340.00, a price-to-earnings ratio of 17.46, a PEG ratio of 1.36 and a beta of 1.29. SunTrust Banks, Inc. has a fifty-two week low of $51.96 and a fifty-two week high of $69.56.

SunTrust Banks (NYSE:STI) last announced its quarterly earnings data on Friday, January 19th. The financial services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.32 billion. SunTrust Banks had a return on equity of 8.83% and a net margin of 20.88%. The company’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.90 earnings per share. equities analysts expect that SunTrust Banks, Inc. will post 4.06 earnings per share for the current year.

Several equities research analysts recently commented on STI shares. Nomura lifted their price objective on SunTrust Banks from $63.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, October 26th. Barclays raised their target price on SunTrust Banks from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. Wedbush cut SunTrust Banks from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $71.00 to $63.00 in a research report on Thursday, December 21st. They noted that the move was a valuation call. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $77.00 price objective on shares of SunTrust Banks in a research report on Friday, December 29th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $55.00 price objective on shares of SunTrust Banks in a research report on Sunday, October 1st. Fourteen investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. SunTrust Banks has a consensus rating of “Hold” and an average price target of $67.88.

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SunTrust Banks 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.

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

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