SunTrust Banks (STI) : Affinity Investment Advisors scooped up 99,137 additional shares in SunTrust Banks during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 617,426 shares of SunTrust Banks which is valued at $25,956,589.SunTrust Banks makes up approximately 1.86% of Affinity Investment Advisors’s portfolio.
Other Hedge Funds, Including , Ajo Lp reduced its stake in STI by selling 129,437 shares or 1.99% in the most recent quarter. The Hedge Fund company now holds 6,367,760 shares of STI which is valued at $271,521,286. SunTrust Banks makes up approx 1.16% of Ajo Lp’s portfolio.Dana Investment Advisors reduced its stake in STI by selling 28,636 shares or 3.27% in the most recent quarter. The Hedge Fund company now holds 847,407 shares of STI which is valued at $36,353,760. SunTrust Banks makes up approx 1.56% of Dana Investment Advisors’s portfolio.California Public Employees Retirement System reduced its stake in STI by selling 41,300 shares or 2.46% in the most recent quarter. The Hedge Fund company now holds 1,640,900 shares of STI which is valued at $68,999,845. SunTrust Banks makes up approx 0.11% of California Public Employees Retirement System’s portfolio. Amica Pension Fund Board Of Trustees added STI to its portfolio by purchasing 20,333 company shares during the most recent quarter which is valued at $855,003. SunTrust Banks makes up approx 0.11% of Amica Pension Fund Board Of Trustees’s portfolio.Foundry Partners boosted its stake in STI in the latest quarter, The investment management firm added 72,645 additional shares and now holds a total of 277,730 shares of SunTrust Banks which is valued at $11,870,180. SunTrust Banks makes up approx 1.11% of Foundry Partners’s portfolio.
SunTrust Banks opened for trading at $42.06 and hit $42.54 on the upside on Wednesday, eventually ending the session at $42.49, with a gain of 0.90% or 0.38 points. The heightened volatility saw the trading volume jump to 41,73,997 shares. Company has a market cap of $21,064 M.
On the company’s financial health, SunTrust Banks reported $0.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $0.88. The company had revenue of $2221.00 million for the quarter, compared to analysts expectations of $2157.32 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS.
Many Wall Street Analysts have commented on SunTrust Banks. SunTrust Banks was Downgraded by Bernstein to ” Mkt Perform” on Aug 16, 2016. Company shares were Reiterated by Compass Point on Jul 26, 2016 to “Buy”, Firm has raised the Price Target to $ 48 from a previous price target of $45 .Company shares were Reiterated by Goldman on Jul 25, 2016 to “Buy”, Firm has raised the Price Target to $ 46 from a previous price target of $44 .
Suntrust Banks Inc. is a bank holding company and a financial holding company. Through its principal subsidiary SunTrust Bank the Company offers a line of financial services for consumers and businesses including deposit credit mortgage banking and trust and investment services. The Company’s other subsidiaries provide asset and wealth management securities brokerage and capital market services. SunTrust operates the following business segments: Consumer Banking and Private Wealth Management Wholesale Banking and Mortgage Banking. It also operates a Corporate Other segment which includes the management of the Company’s investment securities portfolio long-term debt end-user derivative instruments short-term liquidity and funding activities balance sheet risk management and most real estate assets. SunTrust operates primarily within Florida Georgia Maryland North Carolina South Carolina Tennessee Virginia and the District of Columbia.