Centaurus Financial Inc. Acquires Shares of 3,500 SunTrust Banks, Inc. (STI)

Centaurus Financial Inc. acquired a new position in shares of SunTrust Banks, Inc. (NYSE:STI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,500 shares of the financial services provider’s stock, valued at approximately $226,000.

Other hedge funds have also recently bought and sold shares of the company. Valeo Financial Advisors LLC increased its position in SunTrust Banks by 107.5% during the 4th quarter. Valeo Financial Advisors LLC now owns 1,627 shares of the financial services provider’s stock worth $105,000 after buying an additional 843 shares during the period. Advisory Services Network LLC increased its position in SunTrust Banks by 0.9% during the 2nd quarter. Advisory Services Network LLC now owns 2,140 shares of the financial services provider’s stock worth $121,000 after buying an additional 20 shares during the period. Dupont Capital Management Corp increased its position in SunTrust Banks by 55.2% during the 3rd quarter. Dupont Capital Management Corp now owns 2,623 shares of the financial services provider’s stock worth $157,000 after buying an additional 933 shares during the period. Blue Granite Capital LLC bought a new position in SunTrust Banks during the 3rd quarter worth $177,000. Finally, Quantitative Systematic Strategies LLC bought a new position in SunTrust Banks during the 4th quarter worth $202,000. Hedge funds and other institutional investors own 81.91% of the company’s stock.

In other news, EVP Jerome T. Lienhard sold 29,248 shares of SunTrust Banks stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $17.37, for a total transaction of $508,037.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Susan S. Johnson sold 3,600 shares of SunTrust Banks stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $71.04, for a total value of $255,744.00. Following the sale, the insider now directly owns 8,857 shares in the company, valued at $629,201.28. The disclosure for this sale can be found here. Insiders sold 44,348 shares of company stock worth $1,529,997 over the last ninety days. 0.55% of the stock is currently owned by insiders.

Several research analysts have weighed in on STI shares. UBS Group upgraded SunTrust Banks from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $62.00 to $73.00 in a research report on Tuesday, December 12th. Keefe, Bruyette & Woods upgraded SunTrust Banks from a “market perform” rating to an “outperform” rating in a research report on Tuesday, December 12th. Wedbush cut SunTrust Banks from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $71.00 to $63.00 in a research report on Thursday, December 21st. They noted that the move was a valuation call. Zacks Investment Research upgraded SunTrust Banks from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Tuesday, December 26th. Finally, Barclays raised their price target on SunTrust Banks from $68.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Fifteen analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. SunTrust Banks has a consensus rating of “Hold” and a consensus target price of $69.02.

Shares of SunTrust Banks, Inc. (NYSE STI) opened at $71.29 on Friday. The firm has a market capitalization of $33,125.29, a PE ratio of 15.91, a P/E/G ratio of 1.12 and a beta of 1.37. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.93 and a quick ratio of 0.92. SunTrust Banks, Inc. has a 12 month low of $51.96 and a 12 month high of $72.62.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Tuesday, February 27th. SunTrust Banks’s dividend payout ratio (DPR) is presently 35.71%.

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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.

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

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