Roosevelt Investment Group Inc. decreased its holdings in SunTrust Banks, Inc. (NYSE:STI) by 2.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 323,729 shares of the financial services provider’s stock after selling 7,329 shares during the period. SunTrust Banks makes up about 1.9% of Roosevelt Investment Group Inc.’s holdings, making the stock its 16th biggest holding. Roosevelt Investment Group Inc.’s holdings in SunTrust Banks were worth $20,910,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in STI. Advisory Services Network LLC boosted its stake in shares of SunTrust Banks by 0.9% in the 2nd quarter. Advisory Services Network LLC now owns 2,140 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 20 shares in the last quarter. Westwood Holdings Group Inc. purchased a new stake in shares of SunTrust Banks in the 2nd quarter valued at $136,000. Tiedemann Wealth Management LLC boosted its stake in shares of SunTrust Banks by 12.1% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 26,961 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 2,920 shares in the last quarter. Dupont Capital Management Corp boosted its stake in shares of SunTrust Banks by 55.2% in the 3rd quarter. Dupont Capital Management Corp now owns 2,623 shares of the financial services provider’s stock valued at $157,000 after purchasing an additional 933 shares in the last quarter. Finally, Blue Granite Capital LLC purchased a new stake in shares of SunTrust Banks in the 3rd quarter valued at $177,000. 81.77% of the stock is owned by institutional investors.

A number of equities research analysts have recently issued reports on the stock. UBS Group cut shares of SunTrust Banks from an “outperform” rating to a “market perform” rating in a research note on Monday, October 23rd. Raymond James Financial lowered shares of SunTrust Banks from an “outperform” rating to a “market perform” rating in a report on Monday, October 23rd. Sandler O’Neill lowered shares of SunTrust Banks from a “buy” rating to a “hold” rating and set a $62.00 price target for the company. in a report on Monday, October 23rd. Keefe, Bruyette & Woods upgraded shares of SunTrust Banks from a “market perform” rating to an “outperform” rating in a report on Tuesday, December 12th. Finally, Citigroup lowered shares of SunTrust Banks from an “outperform” rating to a “market perform” rating in a report on Monday, October 23rd. They noted that the move was a valuation call. Fifteen equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. SunTrust Banks currently has a consensus rating of “Hold” and a consensus target price of $69.02.

SunTrust Banks, Inc. (NYSE STI) opened at $67.59 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.93 and a quick ratio of 0.92. SunTrust Banks, Inc. has a 1-year low of $51.96 and a 1-year high of $72.06. The company has a market cap of $31,778.43, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 1.26 and a beta of 1.37.

SunTrust Banks (NYSE:STI) last issued its quarterly earnings data 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 business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period in the prior year, the business earned $0.90 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. sell-side analysts predict that SunTrust Banks, Inc. will post 5.04 earnings per share for the current fiscal year.

In other SunTrust Banks news, EVP Jerome T. Lienhard sold 29,248 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $17.37, for a total value of $508,037.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Mark A. Chancy sold 4,000 shares of the company’s stock in a transaction 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 currently owned by corporate insiders.

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SunTrust Banks 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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