BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $13.91 Million Stake in SunTrust Banks, Inc. (STI)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of SunTrust Banks, Inc. (NYSE:STI) by 6.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 215,392 shares of the financial services provider’s stock after acquiring an additional 12,508 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in SunTrust Banks were worth $13,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Valeo Financial Advisors LLC boosted its stake in shares of SunTrust Banks by 107.5% during the 4th quarter. Valeo Financial Advisors LLC now owns 1,627 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 843 shares during the last quarter. Icon Wealth Partners LLC purchased a new position in shares of SunTrust Banks during the 4th quarter valued at $156,000. Avestar Capital LLC purchased a new position in shares of SunTrust Banks during the 4th quarter valued at $162,000. Quantitative Systematic Strategies LLC purchased a new position in shares of SunTrust Banks during the 4th quarter valued at $202,000. Finally, WealthTrust Axiom LLC purchased a new position in shares of SunTrust Banks during the 4th quarter valued at $202,000. Institutional investors and hedge funds own 83.59% of the company’s stock.

How to Become a New Pot Stock Millionaire

In other news, Vice Chairman Mark A. Chancy sold 7,500 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $70.13, for a total value of $525,975.00. Following the sale, the insider now directly owns 149,955 shares in the company, valued at approximately $10,516,344.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jerome T. Lienhard sold 29,248 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $17.37, for a total transaction of $508,037.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,348 shares of company stock worth $1,289,757. Corporate insiders own 0.52% of the company’s stock.

Shares of SunTrust Banks, Inc. (STI) opened at $65.97 on Monday. The company has a market cap of $30,893.75, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 1.04 and a beta of 1.33. SunTrust Banks, Inc. has a one year low of $51.96 and a one year high of $73.37. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.43.

SunTrust Banks (NYSE:STI) last announced its quarterly earnings results on Friday, January 19th. The financial services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.05 by $0.04. The business had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.32 billion. SunTrust Banks had a net margin of 23.35% and a return on equity of 9.18%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.90 EPS. equities analysts forecast that SunTrust Banks, Inc. will post 5.04 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Tuesday, February 27th. SunTrust Banks’s payout ratio is currently 35.71%.

STI has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upgraded shares of SunTrust Banks from a “market perform” rating to an “outperform” rating in a research note on Tuesday, December 12th. Wedbush cut shares of SunTrust Banks from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $71.00 to $63.00 in a research note on Thursday, December 21st. They noted that the move was a valuation call. UBS upgraded shares of SunTrust Banks from a “neutral” rating to a “buy” rating and lifted their target price for the company from $62.00 to $73.00 in a research note on Tuesday, December 12th. Morgan Stanley upgraded shares of SunTrust Banks from an “equal weight” rating to an “overweight” rating and set a $68.00 target price on the stock in a research note on Monday, January 8th. Finally, Zacks Investment Research upgraded shares of SunTrust Banks from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research note on Tuesday, December 26th. Fifteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $69.61.

WARNING: “BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $13.91 Million Stake in SunTrust Banks, Inc. (STI)” was originally reported by Ticker Report and is the property of of Ticker Report. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3301233/british-columbia-investment-management-corp-has-13-91-million-stake-in-suntrust-banks-inc-sti.html.

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.

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)

Receive News & Ratings for SunTrust Banks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunTrust Banks and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Zacks: Analysts Anticipate PennantPark Investment Co.  Will Post Quarterly Sales of $27.23 Million
Zacks: Analysts Anticipate PennantPark Investment Co. Will Post Quarterly Sales of $27.23 Million
RSP Permian  Given a $69.00 Price Target by Stephens Analysts
RSP Permian Given a $69.00 Price Target by Stephens Analysts
Sandler O’Neill Analysts Give Simmons First National  a $35.00 Price Target
Sandler O’Neill Analysts Give Simmons First National a $35.00 Price Target
Wells Fargo Downgrades Emergent BioSolutions  to Market Perform
Wells Fargo Downgrades Emergent BioSolutions to Market Perform
Targa Resources  PT Set at $53.00 by Seaport Global Securities
Targa Resources PT Set at $53.00 by Seaport Global Securities
Cognex  Raised to Buy at Zacks Investment Research
Cognex Raised to Buy at Zacks Investment Research


© 2006-2018 Ticker Report. Google+.