Suntrust Banks INC (STI) Valuation Rose While Rnc Capital Management LLC Has Lowered Holding by $25.42 Million

November 10, 2018 - By whatsonthorold

SunTrust Banks, Inc. (NYSE:STI) LogoInvestors sentiment increased to 1.07 in Q2 2018. Its up 0.03, from 1.04 in 2018Q1. It improved, as 46 investors sold STI shares while 236 reduced holdings. 73 funds opened positions while 229 raised stakes. 373.05 million shares or 1.83% less from 380.01 million shares in 2018Q1 were reported. Boston Advsr Limited Liability Corp invested 0.1% in SunTrust Banks, Inc. (NYSE:STI). Regentatlantic Ltd Liability Corporation reported 14,532 shares. Smith Salley And invested in 0.04% or 3,902 shares. Pittenger & Anderson invested in 0% or 500 shares. Systematic LP stated it has 5,915 shares or 0.01% of all its holdings. 4 were accumulated by Transamerica Fincl Advisors. Shamrock Asset Mgmt Limited Liability Corporation owns 0.01% invested in SunTrust Banks, Inc. (NYSE:STI) for 304 shares. 97,531 are held by Woodley Farra Manion Portfolio. Daiwa Grp Incorporated has invested 0.03% in SunTrust Banks, Inc. (NYSE:STI). Element Limited Liability Corp reported 16,755 shares. Lpl Ltd Liability Com holds 62,286 shares. Stearns Svcs Gru holds 8,195 shares or 0.14% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.07% in SunTrust Banks, Inc. (NYSE:STI). Meeder Asset Mngmt Inc holds 0% or 75,393 shares in its portfolio. Eastern State Bank holds 7,723 shares or 0.03% of its portfolio.

Since May 14, 2018, it had 1 insider purchase, and 2 selling transactions for $872,825 activity. On Monday, May 21 the insider Cummins Hugh S. III sold $759,000. SCRUGGS FRANK P JR also bought $69,010 worth of SunTrust Banks, Inc. (NYSE:STI) shares. 8,750 shares were sold by Lienhard Jerome T, worth $604,275.

Rnc Capital Management Llc decreased its stake in Suntrust Banks Inc (STI) by 92.87% based on its latest 2018Q2 regulatory filing with the SEC. Rnc Capital Management Llc sold 385,188 shares as the company’s stock rose 2.15% with the market. The institutional investor held 29,554 shares of the finance company at the end of 2018Q2, valued at $1.95 million, down from 414,742 at the end of the previous reported quarter. Rnc Capital Management Llc who had been investing in Suntrust Banks Inc for a number of months, seems to be less bullish one the $29.14B market cap company. The stock increased 0.30% or $0.19 during the last trading session, reaching $63.53. About 3.35 million shares traded. SunTrust Banks, Inc. (NYSE:STI) has risen 30.64% since November 10, 2017 and is uptrending. It has outperformed by 15.02% the S&P500.

Rnc Capital Management Llc, which manages about $4.08 billion and $1.42 billion US Long portfolio, upped its stake in Carnival Corporation (NYSE:CCL) by 339,538 shares to 345,698 shares, valued at $19.81 million in 2018Q2, according to the filing. It also increased its holding in Walgreen Boots Alliance Inc by 334,810 shares in the quarter, for a total of 408,584 shares, and has risen its stake in Cisco Systems Inc (NASDAQ:CSCO).

Analysts await SunTrust Banks, Inc. (NYSE:STI) to report earnings on January, 18. They expect $1.39 EPS, up 27.52 % or $0.30 from last year’s $1.09 per share. STI’s profit will be $637.50M for 11.43 P/E if the $1.39 EPS becomes a reality. After $1.42 actual EPS reported by SunTrust Banks, Inc. for the previous quarter, Wall Street now forecasts -2.11 % negative EPS growth.

More recent SunTrust Banks, Inc. (NYSE:STI) news were published by: Bizjournals.com which released: “Real Estate Notebook: BlackRock issues RFP; Salesforce HQ details; Terraces upgrades” on November 09, 2018. Also Bizjournals.com published the news titled: “2 ways to prepare financially for business disruptions” on October 23, 2018. Bizjournals.com‘s news article titled: “It’s official: Bank of America is on the move in downtown Orlando” with publication date: November 09, 2018 was also an interesting one.

SunTrust Banks, Inc. (NYSE:STI) Ratings Coverage

Among 9 analysts covering SunTrust Banks (NYSE:STI), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. SunTrust Banks had 11 analyst reports since June 27, 2018 according to SRatingsIntel. The company was upgraded on Friday, June 29 by Sandler O’Neill. Bernstein upgraded the shares of STI in report on Wednesday, June 27 to “Outperform” rating. PiperJaffray downgraded SunTrust Banks, Inc. (NYSE:STI) on Thursday, September 13 to “Neutral” rating. The stock of SunTrust Banks, Inc. (NYSE:STI) has “Buy” rating given on Monday, October 15 by FBR Capital. The stock has “Market Perform” rating by BMO Capital Markets on Monday, July 23. The firm earned “Buy” rating on Monday, July 2 by Argus Research. FBR Capital upgraded SunTrust Banks, Inc. (NYSE:STI) rating on Monday, July 23. FBR Capital has “Buy” rating and $81 target. Barclays Capital maintained SunTrust Banks, Inc. (NYSE:STI) rating on Monday, July 23. Barclays Capital has “Equal-Weight” rating and $79 target. The stock of SunTrust Banks, Inc. (NYSE:STI) earned “Overweight” rating by Morgan Stanley on Tuesday, July 24. The stock has “Market Perform” rating by BMO Capital Markets on Monday, October 22.

SunTrust Banks, Inc. (NYSE:STI) Institutional Positions Chart

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