SunTrust Banks, Inc. (STI) Holdings Cut by Chicago Equity Partners LLC

Chicago Equity Partners LLC trimmed its stake in shares of SunTrust Banks, Inc. (NYSE:STI) by 86.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,795 shares of the financial services provider’s stock after selling 44,405 shares during the period. Chicago Equity Partners LLC’s holdings in SunTrust Banks were worth $439,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. American Century Companies Inc. lifted its holdings in SunTrust Banks by 31.4% during the third quarter. American Century Companies Inc. now owns 7,293,744 shares of the financial services provider’s stock valued at $435,947,000 after purchasing an additional 1,742,756 shares in the last quarter. Boston Partners lifted its holdings in SunTrust Banks by 6.8% during the third quarter. Boston Partners now owns 6,812,235 shares of the financial services provider’s stock valued at $407,167,000 after purchasing an additional 433,042 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in SunTrust Banks by 7.3% during the third quarter. Bank of New York Mellon Corp now owns 6,448,472 shares of the financial services provider’s stock valued at $385,427,000 after purchasing an additional 437,387 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in SunTrust Banks by 2.4% during the third quarter. Victory Capital Management Inc. now owns 5,809,903 shares of the financial services provider’s stock valued at $347,257,000 after purchasing an additional 133,824 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in SunTrust Banks by 1.4% during the third quarter. Legal & General Group Plc now owns 2,469,748 shares of the financial services provider’s stock valued at $147,618,000 after purchasing an additional 35,000 shares in the last quarter. 81.82% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Jerome T. Lienhard sold 29,248 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Mark A. Chancy sold 4,000 shares of the firm’s stock in a transaction dated 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 currently owned by company insiders.

Several equities analysts have issued reports on STI shares. FBR & Co reaffirmed a “hold” rating and set a $62.00 price objective on shares of SunTrust Banks in a report on Friday, October 20th. Oppenheimer reaffirmed a “hold” rating on shares of SunTrust Banks in a report on Friday, October 20th. UBS Group downgraded shares of SunTrust Banks from an “outperform” rating to a “market perform” rating in a report on Monday, October 23rd. Royal Bank of Canada reaffirmed a “buy” rating and set a $65.00 price objective on shares of SunTrust Banks in a report on Monday, October 23rd. Finally, Citigroup downgraded shares of SunTrust Banks from an “outperform” rating to a “market perform” rating in a report on Monday, October 23rd. They noted that the move was a valuation call. Fifteen analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $69.02.

Shares of SunTrust Banks, Inc. (NYSE STI) opened at $67.48 on Monday. The company has a market cap of $32,120.00, a PE ratio of 15.06, a PEG ratio of 1.26 and a beta of 1.37. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.93 and a quick ratio of 0.92. SunTrust Banks, Inc. has a 12-month low of $51.96 and a 12-month high of $72.06.

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

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About SunTrust Banks

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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