SunTrust Banks (STI) : Sunnymeath Asset Management added new position in SunTrust Banks during the most recent quarter end. The investment management firm now holds 35,300 shares of SunTrust Banks which is valued at $1,527,431 , the company said in a statement filed on Jul 19, 2016 with the SEC.SunTrust Banks makes up approximately 2.16% of Sunnymeath Asset Management’s portfolio.
Other Hedge Funds, Including , Tnb Financial reduced its stake in STI by selling 1,330 shares or 11.74% in the most recent quarter. The Hedge Fund company now holds 9,994 shares of STI which is valued at $432,440. SunTrust Banks makes up approx 0.11% of Tnb Financial’s portfolio. Simplex Trading sold out all of its stake in STI during the most recent quarter. The investment firm sold 12,711 shares of STI which is valued $550,005.Partnerre Asset Management Corp reduced its stake in STI by selling 100 shares or 2.88% in the most recent quarter. The Hedge Fund company now holds 3,372 shares of STI which is valued at $146,311. SunTrust Banks makes up approx 0.07% of Partnerre Asset Management Corp’s portfolio. Cutler Group Lp sold out all of its stake in STI during the most recent quarter. The investment firm sold 6,630 shares of STI which is valued $283,366.
SunTrust Banks (STI) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $43.45 and reached the intraday high at $43.5. The bulls started the profit booking and pushed the shares to intraday low of $42.95. The trading session was marked by a volume range of 22,52,579 shares exchanging hands. The 52-week high of the shares is $45.32 and the 52-week low is $31.065. The market cap of the company stands at $21,684 M and there are 50,11,27,620 shares in public circulation.
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. Shares were Downgraded by Robert W. Baird on Jul 15, 2016 to ” Underperform” and Lowered the Price Target to $ 41 from a previous price target of $43 .SunTrust Banks was Upgraded by Portales Partners to ” Outperform” on Jun 28, 2016. SunTrust Banks was Downgraded by Susquehanna to ” Neutral” on Jun 7, 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.