Capital One National Association increased its position in SunTrust Banks, Inc. (NYSE:STI) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 66,424 shares of the financial services provider’s stock after purchasing an additional 1,466 shares during the quarter. Capital One National Association’s holdings in SunTrust Banks were worth $4,290,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Associated Banc Corp grew its stake in shares of SunTrust Banks by 2.0% in the 4th quarter. Associated Banc Corp now owns 58,680 shares of the financial services provider’s stock valued at $3,790,000 after buying an additional 1,143 shares during the period. NuWave Investment Management LLC acquired a new position in SunTrust Banks during the 4th quarter valued at about $813,000. Prescott Group Capital Management L.L.C. acquired a new position in SunTrust Banks during the 4th quarter valued at about $323,000. Gradient Investments LLC boosted its stake in SunTrust Banks by 6.6% during the 4th quarter. Gradient Investments LLC now owns 128,293 shares of the financial services provider’s stock valued at $8,286,000 after purchasing an additional 7,940 shares during the last quarter. Finally, Parkside Investments LLC acquired a new position in SunTrust Banks during the 4th quarter valued at about $323,000. Institutional investors own 81.82% of the company’s stock.

SunTrust Banks, Inc. (NYSE:STI) opened at $67.48 on Monday. SunTrust Banks, Inc. has a 1 year low of $51.96 and a 1 year high of $72.06. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.92 and a current ratio of 0.93. The company has a market cap of $32,120.00, a P/E ratio of 15.06, a price-to-earnings-growth ratio of 1.26 and a beta of 1.37.

SunTrust Banks (NYSE:STI) last posted its earnings results on Friday, January 19th. The financial services provider reported $1.09 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter last year, the firm earned $0.90 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. sell-side analysts forecast that SunTrust Banks, Inc. will post 5.04 earnings per share for the current year.

A number of equities analysts have issued reports on STI shares. UBS Group upgraded SunTrust Banks from a “neutral” rating to a “buy” rating and lifted their price target for the company from $62.00 to $73.00 in a research note on Tuesday, December 12th. Royal Bank of Canada reiterated a “buy” rating and set a $65.00 price target on shares of SunTrust Banks in a research note on Monday, October 23rd. Zacks Investment Research upgraded SunTrust Banks from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research note on Tuesday, December 26th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $77.00 price target on shares of SunTrust Banks in a research note on Friday, December 29th. Finally, Goldman Sachs Group reiterated a “buy” rating and set a $74.00 price target on shares of SunTrust Banks in a research note on Thursday, January 4th. Fifteen investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $69.02.

In other SunTrust Banks news, EVP Jerome T. Lienhard sold 29,248 shares of SunTrust Banks stock in a transaction that occurred on 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 SEC, which is accessible through this link. Also, Vice Chairman Mark A. Chancy sold 4,000 shares of SunTrust Banks stock in a transaction that occurred on 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 owned by company insiders.

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SunTrust Banks Company Profile

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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