Segall Bryant & Hamill LLC boosted its position in shares of SunTrust Banks, Inc. (NYSE:STI) by 4.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,972 shares of the financial services provider’s stock after acquiring an additional 232 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in SunTrust Banks were worth $251,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Sontag Advisory LLC acquired a new stake in shares of SunTrust Banks during the 4th quarter worth about $27,000. Resources Investment Advisors Inc. increased its position in SunTrust Banks by 465.0% during the fourth quarter. Resources Investment Advisors Inc. now owns 565 shares of the financial services provider’s stock worth $28,000 after buying an additional 465 shares during the period. Capital Investment Advisory Services LLC acquired a new position in SunTrust Banks during the fourth quarter worth approximately $30,000. ERTS Wealth Advisors LLC acquired a new position in SunTrust Banks during the fourth quarter worth approximately $31,000. Finally, Financial Gravity Companies Inc. acquired a new position in SunTrust Banks during the fourth quarter worth approximately $37,000. Institutional investors own 81.15% of the company’s stock.
Shares of SunTrust Banks stock traded up $0.28 during trading on Wednesday, reaching $63.82. The company’s stock had a trading volume of 1,455,609 shares, compared to its average volume of 4,486,961. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.96 and a quick ratio of 0.94. SunTrust Banks, Inc. has a 12-month low of $46.05 and a 12-month high of $75.08. The company has a market cap of $28.14 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 1.40 and a beta of 1.53.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.13%. SunTrust Banks’s payout ratio is 35.09%.
In other news, EVP Jorge Arrieta sold 4,000 shares of the company’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $66.25, for a total value of $265,000.00. Following the sale, the executive vice president now directly owns 8,662 shares in the company, valued at $573,857.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Mark A. Chancy sold 41,882 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $63.10, for a total value of $2,642,754.20. Following the completion of the sale, the insider now owns 228,130 shares in the company, valued at $14,395,003. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,488 shares of company stock worth $3,980,771. 0.42% of the stock is owned by company insiders.
STI has been the topic of a number of recent research reports. ValuEngine raised SunTrust Banks from a “sell” rating to a “hold” rating in a report on Saturday, January 19th. Jefferies Financial Group lowered SunTrust Banks from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. Zacks Investment Research raised SunTrust Banks from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Saturday, January 5th. Sanford C. Bernstein lowered SunTrust Banks from an “outperform” rating to a “market perform” rating and set a $64.72 target price on the stock. in a report on Friday, February 8th. Finally, Sandler O’Neill lowered SunTrust Banks from a “buy” rating to a “hold” rating and set a $69.00 target price on the stock. in a report on Friday, February 8th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $70.65.
SunTrust Banks Company Profile
SunTrust Banks, Inc operates as the holding company for SunTrust Bank that provides various financial services for consumers, businesses, corporations, institutions, and not-for-profit entities in the United States. It operates in two segments, Consumer and Wholesale. The Consumer segment provides deposits and payments; home equity and personal credit lines; auto, student, and other lending products; credit cards; discount/online and full-service brokerage products; professional investment advisory products and services; and trust services, as well as family office solutions.
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