SunTrust Banks, Inc. (STI) Shares Sold by Independent Investors Inc.

Independent Investors Inc. lowered its position in shares of SunTrust Banks, Inc. (NYSE:STI) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,000 shares of the financial services provider’s stock after selling 200 shares during the period. Independent Investors Inc.’s holdings in SunTrust Banks were worth $201,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Moody National Bank Trust Division lifted its stake in SunTrust Banks by 48.9% during the fourth quarter. Moody National Bank Trust Division now owns 1,072 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 352 shares during the last quarter. Denali Advisors LLC bought a new stake in SunTrust Banks during the third quarter worth about $127,000. Flagship Harbor Advisors LLC bought a new stake in SunTrust Banks during the second quarter worth about $134,000. Oakworth Capital Inc. lifted its stake in SunTrust Banks by 117.0% during the third quarter. Oakworth Capital Inc. now owns 2,300 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 1,240 shares during the last quarter. Finally, Sapphire Star Partners LP bought a new stake in SunTrust Banks during the third quarter worth about $167,000. 82.60% of the stock is owned by hedge funds and other institutional investors.

STI stock opened at $55.77 on Monday. SunTrust Banks, Inc. has a fifty-two week low of $46.05 and a fifty-two week high of $75.08. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. The company has a market cap of $24.92 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 0.88 and a beta of 1.39.

SunTrust Banks (NYSE:STI) last posted its earnings results on Friday, October 19th. The financial services provider reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.17. SunTrust Banks had a return on equity of 11.66% and a net margin of 28.17%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the business earned $1.06 EPS. The business’s revenue for the quarter was down .8% on a year-over-year basis. On average, analysts expect that SunTrust Banks, Inc. will post 5.6 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, December 17th. Shareholders of record on Friday, November 30th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, November 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.59%. SunTrust Banks’s dividend payout ratio (DPR) is 49.50%.

Several brokerages have issued reports on STI. Zacks Investment Research lowered SunTrust Banks from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a $75.00 price target on shares of SunTrust Banks in a research note on Monday, October 8th. Edward Jones raised SunTrust Banks from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. ValuEngine lowered SunTrust Banks from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Finally, B. Riley set a $79.00 target price on SunTrust Banks and gave the company a “buy” rating in a research note on Monday, October 15th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $74.08.

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SunTrust Banks Profile

SunTrust Banks, Inc operates as the holding company for SunTrust Bank that provides various financial services for consumers, businesses, corporations, and institutions in the United States. It operates through two segments, Consumer and Wholesale. The Consumer segment provides deposits and payments; home equity and personal credit lines; auto, student, and other lending products; credit cards; discount/online and full-service brokerage products; professional investment advisory products and services; and trust services, as well as family office solutions.

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Institutional Ownership by Quarter for SunTrust Banks (NYSE:STI)

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