Toronto Dominion Bank Has $13.26 Million Position in SunTrust Banks, Inc. (STI)

Toronto Dominion Bank increased its position in shares of SunTrust Banks, Inc. (NYSE:STI) by 12.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 205,285 shares of the financial services provider’s stock after purchasing an additional 23,083 shares during the quarter. Toronto Dominion Bank’s holdings in SunTrust Banks were worth $13,260,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Advisory Services Network LLC boosted its holdings in SunTrust Banks by 0.9% during the second quarter. Advisory Services Network LLC now owns 2,140 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 20 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in SunTrust Banks by 3.6% during the fourth quarter. Raymond James Trust N.A. now owns 24,957 shares of the financial services provider’s stock worth $1,612,000 after purchasing an additional 871 shares during the last quarter. Alps Advisors Inc. boosted its holdings in SunTrust Banks by 5.2% during the fourth quarter. Alps Advisors Inc. now owns 17,665 shares of the financial services provider’s stock worth $1,141,000 after purchasing an additional 873 shares during the last quarter. Mcmillion Capital Management Inc. boosted its holdings in SunTrust Banks by 2.0% during the fourth quarter. Mcmillion Capital Management Inc. now owns 46,953 shares of the financial services provider’s stock worth $3,033,000 after purchasing an additional 908 shares during the last quarter. Finally, Investec Asset Management PTY Ltd boosted its holdings in SunTrust Banks by 3.4% during the third quarter. Investec Asset Management PTY Ltd now owns 28,280 shares of the financial services provider’s stock worth $1,688,000 after purchasing an additional 926 shares during the last quarter. Institutional investors and hedge funds own 81.77% of the company’s stock.

In other news, Vice Chairman Mark A. Chancy sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $60.06, for a total value of $240,240.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jerome T. Lienhard sold 29,248 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $17.37, for a total transaction of $508,037.76. The disclosure for this sale can be found here. Insiders own 0.55% of the company’s stock.

Shares of SunTrust Banks, Inc. (NYSE:STI) opened at $70.63 on Friday. SunTrust Banks, Inc. has a 12-month low of $51.96 and a 12-month high of $72.06. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.93 and a quick ratio of 0.92. The stock has a market cap of $32,998.14, a P/E ratio of 17.30, a PEG ratio of 1.31 and a beta of 1.37.

SunTrust Banks (NYSE:STI) last posted its quarterly earnings results on Friday, January 19th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.04. SunTrust Banks had a net margin of 23.35% and a return on equity of 9.18%. The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the previous year, the firm posted $0.90 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. sell-side analysts expect that SunTrust Banks, Inc. will post 5.03 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Tuesday, February 27th. SunTrust Banks’s dividend payout ratio (DPR) is currently 35.71%.

Several research analysts recently weighed in on the stock. UBS Group cut shares of SunTrust Banks from an “outperform” rating to a “market perform” rating in a report on Monday, October 23rd. Sandler O’Neill lowered shares of SunTrust Banks from a “buy” rating to a “hold” rating and set a $62.00 price objective on the stock. in a research report on Monday, October 23rd. Raymond James Financial lowered shares of SunTrust Banks from an “outperform” rating to a “market perform” rating in a research report on Monday, October 23rd. Keefe, Bruyette & Woods raised shares of SunTrust Banks from a “market perform” rating to an “outperform” rating in a research report on Tuesday, December 12th. Finally, Citigroup lowered shares of SunTrust Banks from an “outperform” rating to a “market perform” rating in a research report on Monday, October 23rd. They noted that the move was a valuation call. Fifteen research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $69.02.

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About SunTrust Banks

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.

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

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