As Suntrust Banks INC (STI) Shares Declined, Highland Capital Management LLC Has Trimmed Its Stake

June 19, 2017 - By Louis Casey

Investors sentiment increased to 0.89 in Q4 2016. Its up 0.02, from 0.87 in 2016Q3. It improved, as 44 investors sold STI shares while 254 reduced holdings. 102 funds opened positions while 164 raised stakes. 396.46 million shares or 0.52% more from 394.42 million shares in 2016Q3 were reported. Wealthtrust has invested 0% of its portfolio in SunTrust Banks, Inc. (NYSE:STI). Stifel Financial reported 1.67 million shares. Stratos Wealth Prns Ltd accumulated 7,675 shares. Virginia Retirement Et Al holds 0.13% or 169,100 shares. Woodley Farra Manion Portfolio Mngmt reported 0.15% in SunTrust Banks, Inc. (NYSE:STI). Proshare Advsrs Ltd Llc invested in 0.09% or 155,364 shares. Apg Asset Nv holds 423,100 shares or 0.04% of its portfolio. Mason Street Ltd Limited Liability Company has invested 0.1% in SunTrust Banks, Inc. (NYSE:STI). 186,605 are held by Qs Invsts Limited Liability Company. Aull And Monroe Investment Mgmt, Alabama-based fund reported 4,636 shares. Commonwealth Fin Llc holds 0.02% or 458 shares in its portfolio. Moreover, Dekabank Deutsche Girozentrale has 0.02% invested in SunTrust Banks, Inc. (NYSE:STI). Washington Cap Mngmt holds 3.79% of its portfolio in SunTrust Banks, Inc. (NYSE:STI) for 56,075 shares. Moreover, Schneider Cap Mgmt Corp has 3.2% invested in SunTrust Banks, Inc. (NYSE:STI). Virtus Invest Advisers Inc owns 42,264 shares.

Since January 31, 2017, it had 1 buy, and 3 selling transactions for $1.95 million activity. 200 shares were bought by SCRUGGS FRANK P JR, worth $11,325 on Tuesday, January 31. Freeman Thomas E had sold 22,584 shares worth $1.34M on Tuesday, February 28. Fortin Raymond D sold $578,474 worth of stock or 10,000 shares. Johnson Susan S also sold $45,291 worth of SunTrust Banks, Inc. (NYSE:STI) on Wednesday, February 22.

Highland Capital Management Llc decreased its stake in Suntrust Banks Inc (STI) by 36.01% based on its latest 2016Q4 regulatory filing with the SEC. Highland Capital Management Llc sold 80,219 shares as the company’s stock declined 9.30% while stock markets rallied. The institutional investor held 142,564 shares of the finance company at the end of 2016Q4, valued at $7.82 million, down from 222,783 at the end of the previous reported quarter. Highland Capital Management Llc who had been investing in Suntrust Banks Inc for a number of months, seems to be less bullish one the $27.44 billion market cap company. The stock rose 0.84% or $0.47 reaching $56.62. About 546 shares traded. SunTrust Banks, Inc. (NYSE:STI) has risen 26.82% since June 19, 2016 and is uptrending. It has outperformed by 10.12% the S&P500.

Highland Capital Management Llc, which manages about $1.26B and $1.19 billion US Long portfolio, upped its stake in Regions Financial Corp (NYSE:RF) by 342,800 shares to 403,100 shares, valued at $5.79M in 2016Q4, according to the filing.

Analysts await SunTrust Banks, Inc. (NYSE:STI) to report earnings on July, 28. They expect $0.97 earnings per share, up 8.99 % or $0.08 from last year’s $0.89 per share. STI’s profit will be $470.10M for 14.59 P/E if the $0.97 EPS becomes a reality. After $0.87 actual earnings per share reported by SunTrust Banks, Inc. for the previous quarter, Wall Street now forecasts 11.49 % EPS growth.

More news for SunTrust Banks, Inc. (NYSE:STI) were recently published by: Prnewswire.com, which released: “SunTrust Bank Increases Prime Rate” on June 14, 2017. Bizjournals.com‘s article titled: “​Federal Reserve fines SunTrust Bank $1.5 million for violating National Flood …” and published on May 26, 2017 is yet another important article.

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

Among 26 analysts covering Suntrust Banks Inc. (NYSE:STI), 12 have Buy rating, 1 Sell and 13 Hold. Therefore 46% are positive. Suntrust Banks Inc. had 53 analyst reports since July 20, 2015 according to SRatingsIntel. Guggenheim initiated the stock with “Neutral” rating in Thursday, October 8 report. The firm has “Buy” rating given on Monday, September 7 by Zacks. The stock of SunTrust Banks, Inc. (NYSE:STI) earned “Equal Weight” rating by Barclays Capital on Tuesday, January 3. The firm earned “Neutral” rating on Friday, October 7 by Wedbush. The firm earned “Outperform” rating on Friday, January 8 by Bernstein. As per Monday, January 23, the company rating was maintained by FBR Capital. The stock of SunTrust Banks, Inc. (NYSE:STI) has “Neutral” rating given on Wednesday, January 11 by UBS. Zacks downgraded the shares of STI in report on Thursday, September 3 to “Hold” rating. The stock has “Hold” rating by Evercore on Thursday, August 27. The firm earned “Neutral” rating on Tuesday, October 20 by Macquarie Research.

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