Todd Asset Management LLC raised its stake in SunTrust Banks, Inc. (NYSE:STI) by 4.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 561,729 shares of the financial services provider’s stock after purchasing an additional 25,840 shares during the period. Todd Asset Management LLC owned 0.12% of SunTrust Banks worth $33,574,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Capital World Investors increased its position in shares of SunTrust Banks by 20.7% during the second quarter. Capital World Investors now owns 29,513,083 shares of the financial services provider’s stock worth $1,673,982,000 after acquiring an additional 5,056,000 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of SunTrust Banks by 3,033.8% during the second quarter. Janus Henderson Group PLC now owns 2,006,553 shares of the financial services provider’s stock worth $113,812,000 after acquiring an additional 1,942,524 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of SunTrust Banks by 3,009.4% during the second quarter. Lazard Asset Management LLC now owns 1,938,443 shares of the financial services provider’s stock worth $109,948,000 after acquiring an additional 1,876,101 shares in the last quarter. American Century Companies Inc. increased its position in shares of SunTrust Banks by 31.4% during the third quarter. American Century Companies Inc. now owns 7,293,744 shares of the financial services provider’s stock worth $435,947,000 after acquiring an additional 1,742,756 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of SunTrust Banks by 70.6% during the second quarter. TIAA CREF Investment Management LLC now owns 3,534,925 shares of the financial services provider’s stock worth $200,501,000 after acquiring an additional 1,462,517 shares in the last quarter. 82.32% of the stock is owned by hedge funds and other institutional investors.

SunTrust Banks, Inc. (NYSE:STI) traded down $0.01 during midday trading on Monday, hitting $56.79. 4,532,200 shares of the stock traded hands, compared to its average volume of 3,373,300. SunTrust Banks, Inc. has a one year low of $49.17 and a one year high of $61.69. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $27,070.00, a price-to-earnings ratio of 14.71, a P/E/G ratio of 1.53 and a beta of 1.29.

SunTrust Banks (NYSE:STI) last posted its quarterly earnings results on Friday, October 20th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. SunTrust Banks had a net margin of 20.88% and a return on equity of 8.83%. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the previous year, the firm posted $0.91 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. equities research analysts expect that SunTrust Banks, Inc. will post 4.06 earnings per share for the current fiscal year.

In other news, Director Kyle P. Legg sold 3,300 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $21.82, for a total value of $72,006.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.55% of the company’s stock.

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Several equities research analysts have recently commented on STI shares. Credit Suisse Group raised shares of SunTrust Banks from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $56.00 to $60.00 in a research report on Monday, October 9th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of SunTrust Banks in a research report on Sunday, July 23rd. Barclays PLC boosted their target price on shares of SunTrust Banks from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. Raymond James Financial, Inc. downgraded shares of SunTrust Banks from an “outperform” rating to a “market perform” rating in a research report on Monday, October 23rd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $60.00 target price on shares of SunTrust Banks in a research report on Thursday, July 27th. Nineteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $63.18.

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.

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

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