SunTrust Banks Sees Unusually Large Options Volume (STI)

Investec Asset Management North America Inc. cut its stake in shares of SunTrust Banks, Inc. (NYSE:STI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. While, the analyst predicted that the company could provide an EPS of $1.05/share.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. Cadence Capital Management LLC raised its position in SunTrust Banks by 314.3% in the 3rd quarter. EJF Capital LLC now owns 672,274 shares of the financial services provider's stock valued at $29,446,000 after buying an additional 652,274 shares during the last quarter. Intrust Bank NA raised its position in shares of SunTrust Banks by 0.4% during the 2nd quarter. Amalgamated Bank now owns 55,435 shares of the financial services provider's stock worth $3,313,000 after purchasing an additional 1,080 shares during the period. Norinchukin Bank The raised its position in shares of SunTrust Banks by 181.8% during the 3rd quarter. RKL Wealth Management LLC boosted its position in shares of SunTrust Banks by 22.1% during the 3rd quarter. Commerce Bank now owns 17,967 shares of the financial services provider's stock valued at $1,074,000 after buying an additional 13,405 shares in the last quarter. Hedge funds and other institutional investors own 80.82% of the company's stock.

In other news, Director Kyle P. Legg sold 3,300 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $60.06, for a total transaction of $240,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

In other news, Vice Chairman Mark A. Chancy sold 4,000 shares of the company's stock in a transaction on Wednesday, November 29th. $56.91's average target is -11.12% below currents $64.03 stock price. (NYSE:STI). Korea Invest Corp holds 717,470 shares. Finally, Jefferies Group reaffirmed a "buy" rating and issued a $69.00 price target on shares of SunTrust Banks in a research report on Thursday, October 12th. This rating score is based on a 1-5 scale where a 5 would reveal a Strong Sell, a 4 indicates a Sell, 3 would equal to a hold, 2 means a Buy, and a rating of 1 would display a Strong Buy. Nomura raised their price target on SunTrust Banks from $62.00 to $63.00 and gave the stock a "neutral" rating in a research note on Thursday, September 28th. Finally, FBR & Co set a $65.00 target price on shares of SunTrust Banks and gave the stock a "buy" rating in a research report on Monday, April 24th. Morgan Stanley downgraded the shares of STI in report on Monday, November 14 to "Underweight" rating. Seventeen analysts have rated the stock with a hold rating and eight have given a buy rating to the stock.

The Earnings to Price yield of SunTrust Banks, Inc. Sells 174,898 Shares of SunTrust Banks, Inc. (STI) traded up $0.41 during trading hours on Thursday, hitting $64.44. The company saw 0.21 million shares trade hands over the course of the day. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.94 and a quick ratio of 0.93. Current trade price levels places STI's stock about -0.57% away from the 52-week high and closed 24.02% away from the 52-week low. The company has a market capitalization of $30,637.50, a P/E ratio of 16.67, a PEG ratio of 1.73 and a beta of 1.29. The Value Composite Two of SunTrust Banks, Inc. The high and low revenue estimates for the current quarter are $2.33 Billion and $2.28 Billion, respectively. During the same period in the prior year, the firm posted $0.91 EPS.

SunTrust Banks, Inc. (STI) is expected to post revenue of $2.3 Billion in the current quarter, according to consensus of 12 analysts.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. The ex-dividend date is Wednesday, November 29th. The ROIC Quality of SunTrust Banks, Inc.

In taking a look at some other notable technicals, SunTrust Banks, Inc. "(NYSE:STI)" was first reported by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this news story on another website, it was stolen and reposted in violation of US and global trademark and copyright law.

SunTrust Banks (NYSE:STI) last released its quarterly earnings results on Friday, October 20th. The original version of this piece can be accessed at https://www.truebluetribune.com/2017/12/07/suntrust-banks-inc-sti-holdings-reduced-by-investec-asset-management-north-america-inc.html.

Keeping an eyeball on Gross profit Margin, Net profit Margin & Operating Margin, the Gross profit margin of 28.80%; the net profit margin of 7.00% while its Operating margin was 11.20% for The TJX Companies, Inc.

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