Bluestein R H & Company Increased Suntrust Banks INC (STI) Stake by $4.26 Million; Shares Rose

April 20, 2018 - By Michael Higginson

SunTrust Banks, Inc. (NYSE:STI) Corporate LogoDuring Q4 2017 the big money sentiment increased to 1.09. That’s change of 0.18, from 2017Q3’s 0.91. 38 investors sold all, 239 reduced holdings as STI ratio improved. 202 grew holdings while 100 funds acquired holdings. Funds hold 381.57 million shares thus 1.65% more from 2017Q3’s 375.36 million shares. Envestnet Asset Management Incorporated, Illinois-based fund reported 94,229 shs. The Georgia-based Tnb Fincl has invested 0.08% in SunTrust Banks, Inc. (NYSE:STI). State Of Tennessee Treasury Department stated it has 0.12% of its capital in SunTrust Banks, Inc. (NYSE:STI). Guggenheim Ltd stated it has 846,086 shs. Old Savings Bank In stated it has 0.68% in SunTrust Banks, Inc. (NYSE:STI). Burke And Herbert National Bank And Trust reported 0.27% stake. Millennium Mngmt Limited has invested 0.04% in SunTrust Banks, Inc. (NYSE:STI). Pittenger & Anderson has 500 shs for 0% of their capital. Jane Street Ltd Liability invested in 7,685 shs or 0% of the stock. Advantus Management Inc stated it has 47,950 shs. Menta Capital Limited Company reported 14,530 shs stake. Congress Asset Mngmt Company Ma reported 0.66% stake. Price T Rowe Assocs Md has invested 0.01% in SunTrust Banks, Inc. (NYSE:STI). M&T Comml Bank holds 39,433 shs. Independent Invsts holds 0.11% of its capital in SunTrust Banks, Inc. (NYSE:STI) for 4,200 shs.

STI registered $1.29 million net activity with 0 insider buys and 3 insider sales since January 23, 2018. Chancy Mark A had sold 7,500 shs worth $525,975 on Friday, February 16. 29,248 shs valued at $507,911 were sold by Lienhard Jerome T on Tuesday, January 23.

According to 2017Q4 SEC form the Bluestein R H & Company upped its holdings in Suntrust Banks Inc (STI) by 8.96%. By buying 66,615 shares Bluestein R H & Company made the stock popped up with 1.41%. At the end of 2017Q4, the hedge fund held 809,773 shares of the finance company, valued at $52.30 million, up from 743,158 at the end of the previous reported quarter. $31.61 billion is Suntrust Banks Inc’s market cap. STI hit $67.5 during the last trading session after $0.47 change.SunTrust Banks, Inc. has volume of 1.29M shares. Since April 20, 2017 STI has risen 22.73% and is uptrending. STI outperformed by 11.18% the S&P500.

A portfolio of $2.94 billion and $1.93B is managed by Bluestein R H & Company. As it’s issued in SEC form the stake in United States Steel (NYSE:X) is decreased by 187,900 shares to 9,000 shares. They are valued at $317,000 in 2017Q4. Bluestein R H & Company has cut its stake in Amgen Inc (NASDAQ:AMGN) and also reduced its holding in Ollie’s Bargain Outlet Hldgs by 285,074 shares in the quarter, for a total of 13,260 shares.

SunTrust Banks, Inc. (NYSE:STI) Ratings Coverage

A total of 19 analysts rate SunTrust Banks (NYSE:STI) as follows: 9 “Buy”, 10 “Hold” and 0 “Sell”. Тherefore 47% are bullish. The firm has $85.0 highest and $55.0 lowest target. The avg target $73.56 is 8.98% above the last ($67.5) price. (NYSE:STI) has 29 ratings reports on 20 Apr 2018 according to StockzIntelligence. The company rating was maintained by Credit Suisse on Wednesday, March 14. On Monday, October 23 the rating was maintained by Piper Jaffray with “Buy”. On Thursday, December 21 the stock has “Buy” rating by Keefe Bruyette & Woods. The stock rating was maintained by Robert W. Baird with “Hold” on Tuesday, October 31. On Friday, January 19 Sandler O’Neill maintained the shares of STI in report with “Hold” rating. On Monday, January 22 the firm has “Hold” rating given by FBR Capital. On Friday, January 19 RBC Capital Markets maintained the shares of STI in report with “Buy” rating. The company rating was upgraded by Wood on Wednesday, December 13. The company rating was maintained by Barclays Capital on Tuesday, January 2. In Thursday, December 21 report Wedbush downgraded the stock to “Neutral” rating.

SunTrust Banks, Inc. (NYSE:STI) Institutional Investors Chart

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