Segall Bryant & Hamill LLC boosted its holdings in SunTrust Banks, Inc. (NYSE:STI) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,972 shares of the financial services provider’s stock after purchasing an additional 232 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in SunTrust Banks were worth $251,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in STI. Capital International Investors purchased a new stake in SunTrust Banks in the third quarter worth about $441,578,000. Oregon Public Employees Retirement Fund grew its holdings in shares of SunTrust Banks by 4,883.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,581,469 shares of the financial services provider’s stock valued at $51,000 after buying an additional 2,529,671 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of SunTrust Banks by 21,740.3% during the fourth quarter. Bessemer Group Inc. now owns 1,416,126 shares of the financial services provider’s stock valued at $71,429,000 after buying an additional 1,409,642 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of SunTrust Banks by 229.4% during the fourth quarter. Two Sigma Advisers LP now owns 1,766,609 shares of the financial services provider’s stock valued at $89,108,000 after buying an additional 1,230,300 shares during the last quarter. Finally, Vanguard Group Inc grew its holdings in shares of SunTrust Banks by 2.2% during the third quarter. Vanguard Group Inc now owns 36,403,676 shares of the financial services provider’s stock valued at $2,431,401,000 after buying an additional 793,283 shares during the last quarter. Institutional investors and hedge funds own 81.15% of the company’s stock.
Shares of SunTrust Banks stock opened at $61.24 on Tuesday. The company has a market cap of $26.26 billion, a P/E ratio of 10.74, a P/E/G ratio of 1.22 and a beta of 1.54. SunTrust Banks, Inc. has a twelve month low of $46.05 and a twelve month high of $75.08. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.94 and a current ratio of 0.95.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 28th were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, February 27th. This represents a $2.00 annualized dividend and a yield of 3.27%. SunTrust Banks’s payout ratio is presently 35.09%.
In other SunTrust Banks news, EVP Jorge Arrieta sold 4,000 shares of the stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $66.25, for a total value of $265,000.00. Following the transaction, the executive vice president now directly owns 8,662 shares in the company, valued at $573,857.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Mark A. Chancy sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $65.38, for a total transaction of $653,800.00. Following the completion of the transaction, the insider now owns 205,846 shares in the company, valued at $13,458,211.48. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by company insiders.
A number of equities research analysts have recently commented on the stock. UBS Group cut shares of SunTrust Banks from a “buy” rating to a “neutral” rating and increased their price target for the company from $68.00 to $71.00 in a report on Monday, March 4th. Sanford C. Bernstein cut shares of SunTrust Banks from an “outperform” rating to a “market perform” rating and set a $64.72 price target on the stock. in a report on Friday, February 8th. Sandler O’Neill cut shares of SunTrust Banks from a “buy” rating to a “hold” rating and set a $69.00 price target on the stock. in a report on Friday, February 8th. ValuEngine upgraded shares of SunTrust Banks from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Finally, Keefe, Bruyette & Woods cut shares of SunTrust Banks from an “outperform” rating to a “market perform” rating in a report on Friday, February 8th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $71.20.
SunTrust Banks Company Profile
SunTrust Banks, Inc operates as the holding company for SunTrust Bank that provides various financial services for consumers, businesses, corporations, institutions, and not-for-profit entities in the United States. It operates in two segments, Consumer and Wholesale. The Consumer segment provides deposits and payments; home equity and personal credit lines; auto, student, and other lending products; credit cards; discount/online and full-service brokerage products; professional investment advisory products and services; and trust services, as well as family office solutions.
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