RKL Wealth Management LLC increased its position in SunTrust Banks, Inc. (NYSE:STI) by 9.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,267 shares of the financial services provider’s stock after acquiring an additional 1,652 shares during the period. RKL Wealth Management LLC’s holdings in SunTrust Banks were worth $1,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the stock. Advisory Services Network LLC raised its stake in 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 worth $121,000 after acquiring an additional 20 shares during the last quarter. Balentine LLC raised its stake in SunTrust Banks by 2.9% in the 2nd quarter. Balentine LLC now owns 3,148 shares of the financial services provider’s stock worth $179,000 after acquiring an additional 90 shares during the last quarter. Krilogy Financial LLC raised its stake in SunTrust Banks by 1.8% in the 2nd quarter. Krilogy Financial LLC now owns 5,153 shares of the financial services provider’s stock worth $292,000 after acquiring an additional 90 shares during the last quarter. Investec Asset Management PTY Ltd raised its stake in SunTrust Banks by 3.4% in the 3rd quarter. Investec Asset Management PTY Ltd now owns 28,280 shares of the financial services provider’s stock worth $1,688,000 after acquiring an additional 926 shares during the last quarter. Finally, Dupont Capital Management Corp raised its stake in 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 worth $157,000 after acquiring an additional 933 shares during the last quarter. Institutional investors own 81.82% of the company’s stock.

A number of brokerages recently issued reports on STI. Morgan Stanley raised their target price on SunTrust Banks from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday. Oppenheimer restated a “hold” rating on shares of SunTrust Banks in a research note on Monday, January 22nd. B. Riley restated a “hold” rating and issued a $70.00 target price on shares of SunTrust Banks in a research note on Monday, January 22nd. BMO Capital Markets restated a “hold” rating and issued a $79.00 target price on shares of SunTrust Banks in a research note on Sunday, January 21st. Finally, Vining Sparks restated a “buy” rating and issued a $85.00 target price on shares of SunTrust Banks in a research note on Monday, January 8th. Fifteen analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $69.02.

In related news, Vice Chairman Mark A. Chancy sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $60.06, for a total value of $240,240.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kyle P. Legg sold 3,300 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $21.82, for a total transaction of $72,006.00. The disclosure for this sale can be found here. Insiders sold a total of 36,548 shares of company stock worth $820,284 over the last ninety days. 0.55% of the stock is currently owned by corporate insiders.

SunTrust Banks, Inc. (NYSE:STI) opened at $69.48 on Monday. The firm has a market cap of $32,720.29, a PE ratio of 17.16, a P/E/G ratio of 1.30 and a beta of 1.37. SunTrust Banks, Inc. has a 12 month low of $51.96 and a 12 month high of $72.06. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.43.

SunTrust Banks (NYSE:STI) last issued its quarterly earnings results on Friday, January 19th. The financial services provider reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.04. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.32 billion. SunTrust Banks had a net margin of 23.35% and a return on equity of 9.18%. SunTrust Banks’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company posted $0.90 EPS. equities analysts anticipate that SunTrust Banks, Inc. will post 5.03 earnings per share for the current fiscal year.

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About SunTrust Banks

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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