Balasa Dinverno & Foltz LLC purchased a new pale in shares of SunTrust Banks, Inc. (NYSE:STI) in the 3rd quarter, according to the aggregation in its best contempo Form 13F filing with the Securities and Exchange Commission (SEC). The close purchased 3,024 shares of the banking casework provider’s stock, admired at about $202,000.
Several added institutional investors and barrier funds accept additionally afresh fabricated changes to their positions in the stock. LSV Asset Management added its position in shares of SunTrust Banks by 0.3% during the added quarter. LSV Asset Management now owns 6,471,822 shares of the banking casework provider’s banal admired at $427,269,000 afterwards accepting an added 21,800 shares in the aftermost quarter. Boston Partners added its position in shares of SunTrust Banks by 1.3% during the added quarter. Boston Partners now owns 5,449,455 shares of the banking casework provider’s banal admired at $359,773,000 afterwards accepting an added 71,355 shares in the aftermost quarter. Northern Assurance Corp added its position in shares of SunTrust Banks by 1.7% during the added quarter. Northern Assurance Corp now owns 5,163,571 shares of the banking casework provider’s banal admired at $340,899,000 afterwards accepting an added 87,873 shares in the aftermost quarter. Bank of Montreal Can added its position in shares of SunTrust Banks by 6.5% during the third quarter. Bank of Montreal Can now owns 4,387,551 shares of the banking casework provider’s banal admired at $293,045,000 afterwards accepting an added 269,665 shares in the aftermost quarter. Finally, First Assurance Advisors LP added its position in shares of SunTrust Banks by 71.6% during the added quarter. First Assurance Advisors LP now owns 1,822,123 shares of the banking casework provider’s banal admired at $120,297,000 afterwards accepting an added 760,417 shares in the aftermost quarter. 84.08% of the banal is endemic by institutional investors.
A cardinal of equities analysis analysts accept commented on STI shares. BMO Capital Markets aerial their ambition amount on shares of SunTrust Banks from $73.00 to $74.00 and gave the banal a “$72.58” appraisement in a analysis abode on Monday, July 23rd. Barclays aerial their ambition amount on shares of SunTrust Banks from $77.00 to $79.00 and gave the banal a “$72.58” appraisement in a analysis abode on Monday, July 23rd. Jefferies Banking Accumulation reaffirmed a “buy” appraisement and issued a $80.00 ambition amount on shares of SunTrust Banks in a analysis abode on Tuesday, July 24th. Zacks Advance Analysis aloft shares of SunTrust Banks from a “hold” appraisement to a “buy” appraisement and set a $76.00 ambition amount for the aggregation in a analysis abode on Monday, July 16th. Finally, Argus aloft shares of SunTrust Banks from a “hold” appraisement to a “buy” appraisement and set a $75.00 ambition amount for the aggregation in a analysis abode on Monday, July 2nd. One equities analysis analyst has rated the banal with a advertise rating, eleven accept assigned a authority appraisement and twelve accept accustomed a buy appraisement to the company’s stock. SunTrust Banks currently has a accord appraisement of “Hold” and an boilerplate ambition amount of $76.19.
Shares of SunTrust Banks banal opened at $58.83 on Thursday. The close has a bazaar cap of $28.03 billion, a PE arrangement of 14.56, a price-to-earnings-growth arrangement of 1.03 and a beta of 1.29. SunTrust Banks, Inc. has a 1-year low of $56.30 and a 1-year aerial of $75.08. The aggregation has a debt-to-equity arrangement of 0.65, a quick arrangement of 0.93 and a accepted arrangement of 0.95.
SunTrust Banks (NYSE:STI) aftermost issued its annual balance after-effects on Friday, October 19th. The banking casework provider appear $1.56 balance per allotment for the quarter, topping the Thomson Reuters’ accord appraisal of $1.39 by $0.17. The business had acquirement of $2.29 billion for the quarter, compared to analysts’ expectations of $2.35 billion. SunTrust Banks had a net allowance of 28.17% and a acknowledgment on disinterestedness of 11.66%. The company’s acquirement was bottomward .8% compared to the aforementioned division aftermost year. During the aforementioned division aftermost year, the aggregation acquaint $1.06 EPS. As a group, equities analysts apprehend that SunTrust Banks, Inc. will column 5.58 EPS for the accepted budgetary year.
SunTrust Banks declared that its Lath of Admiral has accustomed a banal acknowledgment affairs on Thursday, June 28th that allows the aggregation to acknowledgment $2.00 billion in outstanding shares. This acknowledgment allotment allows the banking casework provider to balance up to 6.6% of its banal through accessible bazaar purchases. Banal acknowledgment programs are generally a assurance that the company’s lath of admiral believes its banal is undervalued.
About SunTrust Banks
SunTrust Banks, Inc operates as the captivation aggregation for SunTrust Bank that provides assorted banking casework for consumers, businesses, corporations, and institutions in the United States. It operates through two segments, Consumer and Wholesale. The Consumer articulation provides deposits and payments; home disinterestedness and claimed acclaim lines; auto, student, and added lending products; acclaim cards; discount/online and full-service allowance products; able advance advising articles and services; and assurance services, as able-bodied as ancestors appointment solutions.
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