SunTrust Banks (STI) : Exencial Wealth Advisors scooped up 990 additional shares in SunTrust Banks during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 74,863 shares of SunTrust Banks which is valued at $3,909,346.SunTrust Banks makes up approximately 1.69% of Exencial Wealth Advisors’s portfolio.
Other Hedge Funds, Including , Diam Ltd. reduced its stake in STI by selling 1,756 shares or 2.1% in the most recent quarter. The Hedge Fund company now holds 81,955 shares of STI which is valued at $3,784,682. SunTrust Banks makes up approx 0.06% of Diam Ltd.’s portfolio.Huntington National Bank reduced its stake in STI by selling 480 shares or 9.65% in the most recent quarter. The Hedge Fund company now holds 4,494 shares of STI which is valued at $203,623.Commonwealth Equity Services Inc boosted its stake in STI in the latest quarter, The investment management firm added 12,157 additional shares and now holds a total of 31,224 shares of SunTrust Banks which is valued at $1,410,388. SunTrust Banks makes up approx 0.01% of Commonwealth Equity Services Inc’s portfolio.Eastern Bank reduced its stake in STI by selling 280,466 shares or 91.89% in the most recent quarter. The Hedge Fund company now holds 24,748 shares of STI which is valued at $1,114,402. SunTrust Banks makes up approx 0.09% of Eastern Bank’s portfolio.
SunTrust Banks opened for trading at $51.3 and hit $51.93 on the upside on Monday, eventually ending the session at $51.78, with a gain of 0.74% or 0.38 points. The heightened volatility saw the trading volume jump to 57,94,119 shares. Company has a market cap of $25,414 M.
On the company’s financial health, SunTrust Banks reported $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 21, 2016. Analyst had a consensus of $0.89. The company had revenue of $2231.00 million for the quarter, compared to analysts expectations of $2178.27 million. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS.
Investors should note that on Nov 9, 2016, SunTrust Banks announced a cash dividend of $0.2600. The company’s management has announced Nov 28, 2016 as the ex-dividend date and fixed the record date on Nov 30, 2016. The payable date has been fixed on Dec 15, 2016.
Many Wall Street Analysts have commented on SunTrust Banks. SunTrust Banks was Downgraded by Wells Fargo to ” Market Perform” on Nov 18, 2016. SunTrust Banks was Downgraded by Standpoint Research to ” Hold” on Nov 15, 2016. SunTrust Banks was Downgraded by Morgan Stanley to ” Underweight” on Nov 14, 2016.
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.