SunTrust Banks (STI) : Schneider Capital Management Corp scooped up 18,531 additional shares in SunTrust Banks during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 721,741 shares of SunTrust Banks which is valued at $29.3 Million.SunTrust Banks makes up approximately 5.37% of Schneider Capital Management Corp’s portfolio.
Other Hedge Funds, Including , Maple Capital Management boosted its stake in STI in the latest quarter, The investment management firm added 29,921 additional shares and now holds a total of 107,496 shares of SunTrust Banks which is valued at $4.4 Million. SunTrust Banks makes up approx 1.62% of Maple Capital Management’s portfolio.Pioneer Investment Management Inc reduced its stake in STI by selling 605,467 shares or 61.03% in the most recent quarter. The Hedge Fund company now holds 386,620 shares of STI which is valued at $15.7 Million. SunTrust Banks makes up approx 0.06% of Pioneer Investment Management Inc’s portfolio.Mutual Of America Capital Management boosted its stake in STI in the latest quarter, The investment management firm added 3,933 additional shares and now holds a total of 61,431 shares of SunTrust Banks which is valued at $2.5 Million. SunTrust Banks makes up approx 0.06% of Mutual Of America Capital Management’s portfolio.Ftb Advisors reduced its stake in STI by selling 5,791 shares or 19.84% in the most recent quarter. The Hedge Fund company now holds 23,399 shares of STI which is valued at $949,063. SunTrust Banks makes up approx 0.11% of Ftb Advisors’s portfolio.Arcus Capital Partners boosted its stake in STI in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 10,754 shares of SunTrust Banks which is valued at $436,935. SunTrust Banks makes up approx 0.31% of Arcus Capital Partners’s portfolio.
SunTrust Banks opened for trading at $43.47 and hit $44.32 on the upside on Wednesday, eventually ending the session at $43.98, with a gain of 2.02% or 0.87 points. The heightened volatility saw the trading volume jump to 39,01,063 shares. Company has a market cap of $22,040 M.
On the company’s financial health, SunTrust Banks reported $0.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Apr 22, 2016. Analyst had a consensus of $0.75. The company had revenue of $2099.00 million for the quarter, compared to analysts expectations of $2046.91 million. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS.
Many Wall Street Analysts have commented on SunTrust Banks. Company shares were Reiterated by RBC Capital Mkts on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 44 from a previous price target of $42 .SunTrust Banks was Upgraded by Raymond James to ” Outperform” on Apr 22, 2016. Shares were Reiterated by Compass Point on Apr 11, 2016 to “Buy” and Lowered the Price Target to $ 45 from a previous price target of $50 .
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.