Economy

SunTrust Banks, Inc. (STI) Stake Lowered by WINTON GROUP Ltd

SunTrust Banks, Inc. (NYSE:STI) closed the last session at $59.29 and sees an average of 3087267.75 shares trade hands in each session. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.01. (STI) is a number of factors, including perhaps, a steady decrease of the profile of the company as insider activity takes center stage. The prevailing figure will allow the investment community to determine the size of SunTrust Banks, Inc.in contrast to the sales or total assets figures. They issued a "neutral" rating and a $47.00 price objective on the stock.

According to the the latest analyst ratings which have been released, 7 brokers have issued a rating of "buy", 6 brokers "outperform", 17 brokers "hold", 0 brokers "underperform" and 0 brokers "sell". Suntrust Banks Inc. has $70 highest and $40 lowest target. Institutional shareholders now hold a 82.76% stake overall in STI. (NYSE:STI) has been trading recently.

The company is up by 1.54% percent from yesterday's close. As a result, SunTrust Banks, Inc. attained a Profit Margin of 30.70% *. The 50 day moving average went up $2.43 or +4.26% and the 200 day average was up $3.15.

At present, SunTrust Banks, Inc. has a PE ratio of 15.78 with a forward P/E of 13.34 *. (STI) on Friday reported third-quarter net income of $538 million. During the same quarter in the previous year, the company posted $0.91 earnings per share. SunTrust Banks's revenue for the quarter was up 2.0% compared to the same quarter a year ago. The financial services provider reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06, Bloomberg Earnings reports.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 15th. The ex-dividend date of this dividend was Monday, November 28th. (NYSE:STI) stock was -2.07% off of the high and 15.51% removed from the low. SunTrust Banks's dividend payout ratio (DPR) is presently 28.89%. Looking at stock performance for the past six months, shares are 5.67%. The most recent shifts in number of shares owned by institutions came on June 30, 2017 when Geode Capital Management, Llc sold 28 shares from its total ownership of 2661. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

In other news, insider Susan S. Johnson sold 808 shares of the firm's stock in a transaction on Monday, August 14th. The average 1-year price target for (TGNA) reveals an average price target of $16.45 per share. Following the completion of the sale, the insider now directly owns 3,515 shares in the company, valued at $201,550.10. Oak Associates Ltd. OH now owns 123,355 shares of the financial services provider's stock worth $6,997,000 after acquiring an additional 1,825 shares during the period. Global X Management Co. First Interstate Bancshares holds 0% in SunTrust Banks, Inc. A 5 analysts rate it as either a buy or a strong buy, while 1 believe that investors should either steer clear of (NYSE:TGNA) or, if they already own its stock, sell it. FMR LLC boosted its stake in shares of SunTrust Banks by 4.3% during the 2nd quarter. About shares traded. SunTrust Banks, Inc. HPM Partners LLC now owns 95,768 shares of the financial services provider's stock worth $4,681,000 after acquiring an additional 23,506 shares in the last quarter. Bremer National Association has invested 0.49% in SunTrust Banks, Inc. The institutional investors might have bought a large chunk of stocks of the company. (NYSE:STI). Security Tru Co holds 0% in SunTrust Banks, Inc.

WARNING: "Citigroup Inc. Reaffirms Neutral Rating for SunTrust Banks, Inc". The Company's business segments include Consumer Banking and Private Wealth Management, Wholesale Banking, Mortgage Banking and Corporate Other.



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