SunTrust Banks, Inc. (NYSE:STI) has risen 26.82% since December 7, 2016 and is uptrending.
Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. Investors seem to be very interested in what happens to the stocks of these two companies but do investors favor one over the other?
Wunderlich Capital Managemnt increased its stake in Suntrust Banks (STI) by 51.2% based on its latest 2017Q2 regulatory filing with the SEC. Intrust Bank NA raised its position in shares of SunTrust Banks by 0.4% during the 2nd quarter. Intrust Bank NA now owns 16,568 shares of the financial services provider's stock valued at $940,000 after purchasing an additional 70 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of SunTrust Banks by 1.1% during the 3rd quarter. Balentine LLC now owns 3,148 shares of the financial services provider's stock valued at $179,000 after acquiring an additional 90 shares in the last quarter.
Wilbanks Smith & Thomas Asset Management Llc, which manages about $2.31B and $1.14 billion US Long portfolio, upped its stake in Ishares Russell Midcap Index (IWR) by 3,672 shares to 174,467 shares, valued at $33.52M in 2017Q2, according to the filing. Finally, Meiji Yasuda Asset Management Co Ltd. raised its position in SunTrust Banks by 110.6% in the 3rd quarter. The fund owned 383,905 shares of the financial services provider's stock after buying an additional 29,265 shares during the period. Long-term investors should review current trend forecasts and yearly or five-year trend graphs to understand whether the stock is bearish or bullish or to determine whether the company is performing well.
In other news, Director Kyle P. Legg sold 3,300 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $60.06, for a total value of $240,240.00. (NASDAQ:NFLX) by 1.79% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
In other SunTrust Banks news, Vice Chairman Mark A. Chancy sold 4,000 shares of the company's stock in a transaction on Wednesday, November 29th.
Moving average is significant analytical tool used to discover current price trends and the possibility for a change in an established trend. The disclosure for this sale can be found here. Shares of STI moved upward with change of 8.27% to its 50-day Moving average. Finally, Jefferies Group restated a "buy" rating and set a $69.00 price objective on shares of SunTrust Banks in a research note on Thursday, October 12th. Suntrust Banks Inc. had 89 analyst reports since July 20, 2015 according to SRatingsIntel. Rafferty Capital Markets increased their target price on shares of SunTrust Banks from $63.00 to $64.50 and gave the stock a "buy" rating in a research report on Monday, April 24th. Royal Bank Of Canada reiterated a "buy" rating and set a $65.00 target price on shares of SunTrust Banks in a research report on Monday, October 23rd.
When looking at the investment recommendation on say a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell), LC is given a 2.50 while 2.40 placed for STI. The company presently has a consensus rating of "Hold" and a consensus price target of $63.97.
At the session level, shares of Netflix, Inc.(NASDAQ:NFLX) moved 1.05% from the open. (NYSE:STI) traded up $0.41 during trading hours on Wednesday, reaching $64.44. The stock had a trading volume of 5,400,500 shares, compared to its average volume of 3,386,762. During the same period in the previous year, the company posted $0.84 earnings per share. The company has a market capitalization of $30,637.50, a P/E ratio of 16.67, a PEG ratio of 1.73 and a beta of 1.29.
SunTrust Banks (NYSE:STI) last announced its quarterly earnings data on Friday, October 20th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $1.06. As a result, SunTrust Banks, Inc. attained a Profit Margin of 30.70% *. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the prior year, the firm earned $0.91 earnings per share. Stockholders of record on Thursday, November 30th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.48%. (STI) Ex-Dividend Date Scheduled for November 29, 2017" with publication date: "November 28, 2017 was also an interesting one. Voya Investment Limited Liability Com has 0.03% invested in SunTrust Banks, Inc.
SunTrust Banks, Inc is a provider of financial services. "(STI) Holdings Reduced by Edge Advisors LLC" was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & worldwide copyright & trademark law. The legal version of this story can be read at https://stocknewstimes.com/2017/12/07/edge-advisors-llc-has-2-82-million-position-in-suntrust-banks-inc-sti.html. (NYSE:STI). Omers Administration Corp holds 0.02% of its portfolio in SunTrust Banks, Inc. 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.