Huber Capital Management LLC trimmed its holdings in SunTrust Banks, Inc. (NYSE:STI) by 27.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 378,672 shares of the financial services provider’s stock after selling 140,400 shares during the quarter. Huber Capital Management LLC owned about 0.08% of SunTrust Banks worth $22,633,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Fiduciary Trust Co. bought a new position in shares of SunTrust Banks in the second quarter valued at about $118,000. Advisory Services Network LLC raised its holdings in shares of SunTrust Banks by 0.9% in the second quarter. Advisory Services Network LLC now owns 2,140 shares of the financial services provider’s stock valued at $121,000 after buying an additional 20 shares during the last quarter. Westwood Holdings Group Inc. bought a new position in shares of SunTrust Banks in the second quarter valued at about $136,000. Tiedemann Wealth Management LLC raised its holdings in shares of SunTrust Banks by 12.1% in the third quarter. Tiedemann Wealth Management LLC now owns 26,961 shares of the financial services provider’s stock valued at $142,000 after buying an additional 2,920 shares during the last quarter. Finally, Dupont Capital Management Corp raised its holdings in shares of SunTrust Banks by 55.2% in the third quarter. Dupont Capital Management Corp now owns 2,623 shares of the financial services provider’s stock valued at $157,000 after buying an additional 933 shares during the last quarter. 80.82% of the stock is owned by institutional investors and hedge funds.

Shares of SunTrust Banks, Inc. (NYSE:STI) traded up $0.34 during mid-day trading on Monday, hitting $61.97. The stock had a trading volume of 3,987,500 shares, compared to its average volume of 3,358,453. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.50. The company has a market cap of $29,499.78, a PE ratio of 16.05, a PEG ratio of 1.67 and a beta of 1.29. SunTrust Banks, Inc. has a one year low of $51.81 and a one year high of $62.91.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.58%. SunTrust Banks’s dividend payout ratio (DPR) is presently 41.03%.

In other news, Vice Chairman Mark A. Chancy sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $60.06, for a total value of $240,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kyle P. Legg sold 3,300 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $21.82, for a total value of $72,006.00. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company’s stock.

STI has been the subject of a number of research analyst reports. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $63.00 price target on shares of SunTrust Banks in a report on Wednesday, October 4th. Zacks Investment Research raised 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. Jefferies Group reissued a “buy” rating and set a $69.00 price objective on shares of SunTrust Banks in a report on Thursday, October 12th. Royal Bank Of Canada reissued a “buy” rating and set a $65.00 price objective on shares of SunTrust Banks in a report on Monday, October 23rd. Finally, Morgan Stanley boosted their price objective on SunTrust Banks from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Seventeen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $63.97.

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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.

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

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