Central Bank & Trust Co. raised its stake in shares of SunTrust Banks, Inc. (NYSE:STI) by 22.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,860 shares of the financial services provider’s stock after purchasing an additional 4,013 shares during the period. Central Bank & Trust Co.’s holdings in SunTrust Banks were worth $1,295,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JOYN Advisors Inc. boosted its holdings in shares of SunTrust Banks by 14.5% during the 4th quarter. JOYN Advisors Inc. now owns 1,718 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 218 shares during the last quarter. Alpha Windward LLC boosted its holdings in shares of SunTrust Banks by 2,274.4% during the 4th quarter. Alpha Windward LLC now owns 11,492 shares of the financial services provider’s stock valued at $580,000 after purchasing an additional 11,008 shares during the last quarter. Kessler Investment Group LLC boosted its holdings in shares of SunTrust Banks by 64.0% during the 1st quarter. Kessler Investment Group LLC now owns 1,048 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 409 shares during the last quarter. Rowland & Co. Investment Counsel ADV boosted its holdings in shares of SunTrust Banks by 0.5% during the 1st quarter. Rowland & Co. Investment Counsel ADV now owns 66,428 shares of the financial services provider’s stock valued at $3,936,000 after purchasing an additional 358 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of SunTrust Banks by 3.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 26,593 shares of the financial services provider’s stock valued at $1,341,000 after purchasing an additional 882 shares during the last quarter. 81.15% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently commented on the stock. Zacks Investment Research raised shares of SunTrust Banks from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Saturday, January 5th. Wells Fargo & Co reaffirmed a “buy” rating on shares of SunTrust Banks in a report on Monday, March 18th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $73.00 price target (down previously from $80.00) on shares of SunTrust Banks in a report on Monday, March 11th. BMO Capital Markets reaffirmed a “hold” rating and issued a $61.00 price target on shares of SunTrust Banks in a report on Sunday, January 20th. Finally, ValuEngine raised shares of SunTrust Banks from a “sell” rating to a “hold” rating in a report on Saturday, January 19th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $70.65.

In other news, EVP Jorge Arrieta sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $66.25, for a total transaction of $265,000.00. Following the transaction, the executive vice president now directly owns 8,662 shares of the company’s stock, valued at $573,857.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Mark A. Chancy sold 10,000 shares of the firm’s 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 transaction, the insider now directly owns 205,846 shares in the company, valued at $13,458,211.48. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

SunTrust Banks stock traded down $0.11 during midday trading on Monday, reaching $63.38. The stock had a trading volume of 1,530,382 shares, compared to its average volume of 3,358,150. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.96 and a quick ratio of 0.94. SunTrust Banks, Inc. has a 52-week low of $46.05 and a 52-week high of $75.08. The firm has a market capitalization of $28.14 billion, a P/E ratio of 11.12, a price-to-earnings-growth ratio of 1.40 and a beta of 1.53.

SunTrust Banks (NYSE:STI) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.04. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.34 billion. SunTrust Banks had a net margin of 25.26% and a return on equity of 12.22%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.29 EPS. Research analysts anticipate that SunTrust Banks, Inc. will post 5.74 earnings per share for the current fiscal year.

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

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