Copper Rock Capital Partners LLC raised its holdings in SunTrust Banks, Inc. (NYSE:STI) by 48.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 135,293 shares of the financial services provider’s stock after acquiring an additional 44,110 shares during the period. Copper Rock Capital Partners LLC’s holdings in SunTrust Banks were worth $8,854,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of STI. Commerce Bank grew its holdings in shares of SunTrust Banks by 11.6% during the 2nd quarter. Commerce Bank now owns 4,562 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 474 shares during the period. Fiduciary Trust Co. purchased a new stake in shares of SunTrust Banks during the 2nd quarter worth about $118,000. Systematic Financial Management LP grew its holdings in shares of SunTrust Banks by 71.4% during the 2nd quarter. Systematic Financial Management LP now owns 50,036 shares of the financial services provider’s stock worth $2,838,000 after purchasing an additional 20,849 shares during the period. AXA grew its holdings in shares of SunTrust Banks by 0.7% during the 2nd quarter. AXA now owns 98,200 shares of the financial services provider’s stock worth $5,570,000 after purchasing an additional 700 shares during the period. Finally, Capital Fund Management S.A. grew its holdings in shares of SunTrust Banks by 3.9% during the 2nd quarter. Capital Fund Management S.A. now owns 58,132 shares of the financial services provider’s stock worth $3,297,000 after purchasing an additional 2,180 shares during the period. Institutional investors own 80.69% of the company’s stock.

SunTrust Banks, Inc. (NYSE:STI) opened at $66.35 on Tuesday. SunTrust Banks, Inc. has a 52-week low of $51.96 and a 52-week high of $67.02. The stock has a market capitalization of $31,580.00, a P/E ratio of 17.01, a price-to-earnings-growth ratio of 1.58 and a beta of 1.29. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.94 and a quick ratio of 0.93.

SunTrust Banks (NYSE:STI) last announced its earnings results on Friday, October 20th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.06. SunTrust Banks had a return on equity of 8.83% and a net margin of 20.88%. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same period in the prior year, the company posted $0.91 EPS. SunTrust Banks’s quarterly revenue was up 3.7% on a year-over-year basis. equities research analysts anticipate that SunTrust Banks, Inc. will post 4.07 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Wednesday, November 29th. SunTrust Banks’s payout ratio is 41.03%.

A number of analysts have recently issued reports on STI shares. Zacks Investment Research upgraded SunTrust Banks from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Tuesday, October 10th. Piper Jaffray Companies reiterated a “buy” rating and set a $63.00 target price on shares of SunTrust Banks in a report on Wednesday, October 4th. Jefferies Group reiterated a “buy” rating and set a $69.00 target price on shares of SunTrust Banks in a report on Thursday, October 12th. Royal Bank of Canada reiterated a “buy” rating and set a $65.00 target price on shares of SunTrust Banks in a report on Monday, October 23rd. Finally, UBS Group upgraded SunTrust Banks from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $62.00 to $73.00 in a report on Tuesday, December 12th. Fourteen equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $67.88.

In other SunTrust Banks news, Director Kyle P. Legg sold 3,300 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $21.82, for a total value of $72,006.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Mark A. Chancy sold 4,000 shares of the company’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 disclosure for this sale can be found here. Corporate insiders own 0.55% of the company’s stock.

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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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