SunTrust Banks (STI) : Exxonmobil Investment Management Inc Tx reduced its stake in SunTrust Banks by 1.3% during the most recent quarter end. The investment management company now holds a total of 128,028 shares of SunTrust Banks which is valued at $5,849,599 after selling 1,690 shares in SunTrust Banks , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.SunTrust Banks makes up approximately 0.12% of Exxonmobil Investment Management Inc Tx’s portfolio.
Other Hedge Funds, Including , Independent Portfolio Consultants reduced its stake in STI by selling 65 shares or 3.15% in the most recent quarter. The Hedge Fund company now holds 2,000 shares of STI which is valued at $91,460. SunTrust Banks makes up approx 0.03% of Independent Portfolio Consultants’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in STI by selling 38,519 shares or 52.34% in the most recent quarter. The Hedge Fund company now holds 35,068 shares of STI which is valued at $1,603,660. SunTrust Banks makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Washington Trust Bank boosted its stake in STI in the latest quarter, The investment management firm added 41 additional shares and now holds a total of 4,461 shares of SunTrust Banks which is valued at $204,002. SunTrust Banks makes up approx 0.05% of Washington Trust Bank’s portfolio.Harbour Capital Advisors reduced its stake in STI by selling 9,024 shares or 33.42% in the most recent quarter. The Hedge Fund company now holds 17,975 shares of STI which is valued at $821,997. SunTrust Banks makes up approx 0.44% of Harbour Capital Advisors’s portfolio.
SunTrust Banks closed down -0.1 points or -0.22% at $45.69 with 28,19,418 shares getting traded on Friday. Post opening the session at $45.79, the shares hit an intraday low of $45.18 and an intraday high of $46.01 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, SunTrust Banks reported $0.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $0.88. The company had revenue of $2221.00 million for the quarter, compared to analysts expectations of $2157.32 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS.
Many Wall Street Analysts have commented on SunTrust Banks. Wedbush Initiated SunTrust Banks on Oct 7, 2016 to “Neutral”, Price Target of the shares are set at $47.SunTrust Banks was Downgraded by Bernstein to ” Mkt Perform” on Aug 16, 2016. Company shares were Reiterated by Compass Point on Jul 26, 2016 to “Buy”, Firm has raised the Price Target to $ 48 from a previous price target of $45 .
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.