SunTrust Banks, Inc. (STI) Shares Bought by Atlas Capital Advisors LLC

Atlas Capital Advisors LLC raised its stake in shares of SunTrust Banks, Inc. (NYSE:STI) by 1,867.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,647 shares of the financial services provider’s stock after purchasing an additional 16,750 shares during the quarter. Atlas Capital Advisors LLC’s holdings in SunTrust Banks were worth $1,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. Xact Kapitalforvaltning AB lifted its position in SunTrust Banks by 8.0% in the second quarter. Xact Kapitalforvaltning AB now owns 106,311 shares of the financial services provider’s stock worth $7,019,000 after purchasing an additional 7,856 shares during the period. James Investment Research Inc. increased its holdings in shares of SunTrust Banks by 5.4% in the second quarter. James Investment Research Inc. now owns 29,285 shares of the financial services provider’s stock valued at $1,933,000 after buying an additional 1,505 shares in the last quarter. Cornerstone Wealth Management LLC bought a new position in shares of SunTrust Banks in the second quarter valued at $164,000. Sumitomo Life Insurance Co. increased its holdings in shares of SunTrust Banks by 4.5% in the second quarter. Sumitomo Life Insurance Co. now owns 24,872 shares of the financial services provider’s stock valued at $1,642,000 after buying an additional 1,068 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in shares of SunTrust Banks by 199.1% in the second quarter. Meeder Asset Management Inc. now owns 75,393 shares of the financial services provider’s stock valued at $4,977,000 after buying an additional 50,183 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Shares of NYSE:STI opened at $63.09 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.95. SunTrust Banks, Inc. has a 12-month low of $57.17 and a 12-month high of $75.08. The firm has a market cap of $28.15 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 1.03 and a beta of 1.27.



SunTrust Banks (NYSE:STI) last announced its earnings results on Friday, October 19th. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.17. SunTrust Banks had a net margin of 28.17% and a return on equity of 11.66%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the previous year, the business earned $1.06 EPS. The company’s revenue was down .8% on a year-over-year basis. On average, sell-side analysts forecast that SunTrust Banks, Inc. will post 5.61 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Thursday, November 29th. SunTrust Banks’s dividend payout ratio (DPR) is currently 49.50%.

Several research analysts have issued reports on STI shares. Piper Jaffray Companies cut SunTrust Banks from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $76.00 to $74.00 in a report on Thursday, September 13th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $75.00 price target on shares of SunTrust Banks in a report on Monday, October 8th. Zacks Investment Research cut SunTrust Banks from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. B. Riley set a $79.00 price target on SunTrust Banks and gave the company a “buy” rating in a report on Monday, October 15th. Finally, Wedbush set a $75.00 price target on SunTrust Banks and gave the company a “hold” rating in a report on Thursday, September 13th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. SunTrust Banks currently has a consensus rating of “Hold” and an average target price of $77.00.

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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, and institutions in the United States. It operates through 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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