Suntrust Banks Inc (NYSE:STI) Institutional Investors Quarterly Sentiment

Citigroup Inc. reissued their neutral rating on shares of SunTrust Banks, Inc. STI's latest closing price was 6.94% away from the average price of 200 days while it maintained a distance of 6.44% from the 50 Day Moving Average and 4.55% away compared to its SMA 20. The firm now has a $60.00 target price on the financial services provider's stock, up from their previous target price of $56.00.

Other equities research analysts have also recently issued reports about the company. SunTrust Banks, Inc. The stock has a market cap of $29.08 billion, a price-to-earnings ratio of 16.06 and a beta of 1.31. SunTrust Banks has an average rating of "Hold" and an average target price of $62.48.

Janus Henderson Group PLC increased its stake in SunTrust Banks, Inc. The stock has "Hold" rating by Keefe Bruyette & Woods on Monday, June 5. Deutsche Bank maintained the stock with "Buy" rating in Wednesday, August 12 report. (STI)'s stock declined 9.30%. The mean target price as estimated by the analysts for the company has been recorded at $62.68. The original version of this report can be accessed at https://www.dispatchtribunal.com/2017/10/10/janus-henderson-group-plc-has-113-81-million-stake-in-suntrust-banks-inc-sti.html.

Ratings analysis reveals 45% of Suntrust Banks Inc.'s analysts are positive. They just need to take the company's market capitalization and divide it by the company's total sales over the past 12 months. The company's 50-day moving average price is $55.90 and its 200 day moving average price is $55.72.

SunTrust Banks, Inc. most recently reported earnings per share (EPS) of $1.03 for the June 2017 versus $0.94 in the same quarter past year, representing 10% growth.

Among 30 analysts covering Suntrust Banks Inc. Considering more the value stands at 93.58% and 95.37% for 14 and 20 days, in that order. The company's revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.94 earnings per share.

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In analysts note sent to investors and clients on 10 October, FBR Capital has made a decision to downgraded rating on SunTrust Banks (NYSE:STI) shares to a "Neutral".

SunTrust Banks (STI) opened at 60.17 on Thursday. The firm earned "Sector Perform" rating on Wednesday, October 21 by RBC Capital Markets. (NYSE:STI). Andra Ap accumulated 79,500 shares. Nomura maintained the stock with "Neutral" rating in Thursday, September 28 report. This buyback authorization allows the financial services provider to repurchase up to 4.9% of its shares through open market purchases. Amer Research And Management Communication has 5,491 shares.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. It last reported revenues of $424 million and EPS of $0.38 for the June 2017, representing 8% top-line growth and 0.38 EPS growth. The ex-dividend date of this dividend was Tuesday, August 29th. Finally, Credit Suisse AG raised its position in shares of SunTrust Banks by 151.1% in the third quarter. The stock was sold at an average price of $59.25, for a total transaction of $1,338,102.00. The stock exchanged hands with 638,426 numbers of shares compared to its average daily volume of 2.98M shares. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The portion of a company's profit allocated to each outstanding share of common stock was $0.66 a share in the trailing twelve months.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. In general, more thrust is placed on most recent actions by assigning higher weights to it than those assigned to past movements. Shares are clocking price at $136.49 with change of -0.17%. AQR Capital Management LLC raised its position in shares of SunTrust Banks by 47.3% in the fourth quarter. Archford Capital Strategies LLC raised its holdings in SunTrust Banks by 46,593.9% in the second quarter.

Systematic Financial Management Lp decreased Bankunited Inc (NYSE:BKU) stake by 44,420 shares to 110,970 valued at $3.74 million in 2017Q2. Finally, Cookson Peirce & Co. Janus Henderson Group PLC owned approximately 0.42% of SunTrust Banks worth $113,812,000 at the end of the most recent reporting period. Bluecrest Cap Mngmt Limited owns 102,674 shares.

Price earnings ratio (P/E) ratio of The PNC Financial Services Group, Inc. SunTrust Banks, Inc. (NYSE:STI) has risen 26.82% since October 11, 2016 and is uptrending. The Company's divisions include Information & Telecommunication Systems, Social Infrastructure & Industrial Systems, Electronic Systems & Equipment, Construction Machinery, High Functional Materials & Components, Automotive Systems, Smart Life & Ecofriendly Systems, Others and Financial Services. The Bank's business consists of attracting deposits from the public and utilizing these funds to originate one- to four-family residential, multifamily, commercial real estate, construction/land development, business and consumer loans.

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