SunTrust Banks, Inc. (STI) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its stake in SunTrust Banks, Inc. (NYSE:STI) by 11.1% in the 4th quarter, HoldingsChannel reports. The fund owned 61,596 shares of the financial services provider’s stock after selling 7,690 shares during the quarter. Mutual of America Capital Management LLC’s holdings in SunTrust Banks were worth $3,978,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Mycio Wealth Partners LLC increased its stake in shares of SunTrust Banks by 62.2% in the 4th quarter. Mycio Wealth Partners LLC now owns 6,814 shares of the financial services provider’s stock valued at $440,000 after acquiring an additional 2,614 shares in the last quarter. Ballew Advisors Inc bought a new stake in shares of SunTrust Banks in the 4th quarter valued at $289,000. Conning Inc. increased its stake in shares of SunTrust Banks by 21.9% in the 4th quarter. Conning Inc. now owns 17,262 shares of the financial services provider’s stock valued at $1,115,000 after acquiring an additional 3,098 shares in the last quarter. Lakeview Capital Partners LLC increased its stake in shares of SunTrust Banks by 7.8% in the 4th quarter. Lakeview Capital Partners LLC now owns 19,469 shares of the financial services provider’s stock valued at $1,258,000 after acquiring an additional 1,411 shares in the last quarter. Finally, IFG Advisory LLC bought a new stake in shares of SunTrust Banks in the 4th quarter valued at $1,582,000. Institutional investors own 81.82% of the company’s stock.

SunTrust Banks, Inc. (NYSE:STI) opened at $69.01 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.92 and a current ratio of 0.93. The stock has a market cap of $32,850.00, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 1.24 and a beta of 1.37. SunTrust Banks, Inc. has a fifty-two week low of $51.96 and a fifty-two week high of $72.06.

SunTrust Banks (NYSE:STI) last posted its quarterly earnings data on Friday, January 19th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.04. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.32 billion. SunTrust Banks had a net margin of 23.35% and a return on equity of 9.18%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.90 EPS. sell-side analysts anticipate that SunTrust Banks, Inc. will post 5.03 earnings per share for the current fiscal year.

STI has been the subject of several research analyst reports. Barclays lifted their price objective on shares of SunTrust Banks from $68.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. B. Riley reiterated a “hold” rating and issued a $70.00 price objective on shares of SunTrust Banks in a research note on Monday, January 22nd. Morgan Stanley upgraded shares of SunTrust Banks from an “equal weight” rating to an “overweight” rating and set a $68.00 price objective for the company in a research note on Monday, January 8th. Zacks Investment Research upgraded shares of SunTrust Banks from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research note on Tuesday, December 26th. Finally, Raymond James Financial lowered shares of SunTrust Banks from an “outperform” rating to a “market perform” rating in a research note on Monday, October 23rd. Fifteen research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $69.02.

In other SunTrust Banks news, EVP Jerome T. Lienhard sold 29,248 shares of SunTrust Banks stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $17.37, for a total transaction of $508,037.76. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Mark A. Chancy sold 4,000 shares of SunTrust Banks stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $60.06, for a total transaction of $240,240.00. The disclosure for this sale can be found here. 0.55% of the stock is owned by insiders.

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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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