Public Employees Retirement System of Ohio Has $13.92 Million Position in SunTrust Banks, Inc. (NYSE:STI)

Public Employees Retirement System of Ohio reduced its position in SunTrust Banks, Inc. (NYSE:STI) by 8.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 245,342 shares of the financial services provider’s stock after selling 21,750 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.05% of SunTrust Banks worth $13,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Keybank National Association OH lifted its position in shares of SunTrust Banks by 2.5% in the second quarter. Keybank National Association OH now owns 147,647 shares of the financial services provider’s stock valued at $8,375,000 after acquiring an additional 3,564 shares in the last quarter. Park National Corp OH lifted its position in shares of SunTrust Banks by 0.8% in the second quarter. Park National Corp OH now owns 9,907 shares of the financial services provider’s stock valued at $562,000 after acquiring an additional 80 shares in the last quarter. Ballentine Partners LLC purchased a new position in shares of SunTrust Banks in the first quarter valued at about $275,000. HPM Partners LLC lifted its position in shares of SunTrust Banks by 32.5% in the second quarter. HPM Partners LLC now owns 95,768 shares of the financial services provider’s stock valued at $4,681,000 after acquiring an additional 23,506 shares in the last quarter. Finally, Airain ltd lifted its position in shares of SunTrust Banks by 479.9% in the second quarter. Airain ltd now owns 59,044 shares of the financial services provider’s stock valued at $3,349,000 after acquiring an additional 48,863 shares in the last quarter. Institutional investors own 81.25% of the company’s stock.

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SunTrust Banks, Inc. (STI) traded down 0.30% during mid-day trading on Friday, reaching $60.43. 697,511 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $57.93 and a 200 day moving average price of $56.56. SunTrust Banks, Inc. has a 52-week low of $44.45 and a 52-week high of $61.69. The company has a market cap of $29.11 billion, a PE ratio of 16.07 and a beta of 1.31.

SunTrust Banks (NYSE:STI) last announced its quarterly earnings results on Friday, October 20th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. SunTrust Banks had a return on equity of 8.83% and a net margin of 20.88%. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter last year, the firm posted $0.91 EPS. The company’s quarterly revenue was up 3.7% on a year-over-year basis. Equities analysts predict that SunTrust Banks, Inc. will post $4.06 earnings per share for the current fiscal year.

In other SunTrust Banks news, insider Susan S. Johnson sold 808 shares of SunTrust Banks stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $57.34, for a total value of $46,330.72. Following the transaction, the insider now owns 3,515 shares in the company, valued at $201,550.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.55% of the stock is currently owned by company insiders.

STI has been the topic of several research reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $60.00 target price on shares of SunTrust Banks in a report on Thursday, July 27th. Piper Jaffray Companies reiterated a “buy” rating and issued a $63.00 price target on shares of SunTrust Banks in a report on Monday, August 28th. BidaskClub upgraded SunTrust Banks from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Zacks Investment Research upgraded SunTrust Banks from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a report on Friday, September 22nd. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $69.00 price target on shares of SunTrust Banks in a report on Thursday, October 12th. Nineteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $63.18.

SunTrust Banks Company Profile

SunTrust Banks, Inc is a provider of financial services. The Company’s principal subsidiary is SunTrust Bank (the Bank). The Company’s business segments include Consumer Banking and Private Wealth Management, Wholesale Banking, Mortgage Banking and Corporate Other. As of December 31, 2016, the Consumer Banking and Private Wealth Management segment consisted of three primary businesses: Consumer Banking, Consumer Lending and Private Wealth Management.

Institutional Ownership by Quarter for SunTrust Banks (NYSE:STI)

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