Kessler Investment Group LLC Has $32,000 Holding in SunTrust Banks, Inc. (STI)

Kessler Investment Group LLC Has $32,000 Holding in SunTrust Banks, Inc. (STI)

Kessler Investment Group LLC lessened its stake in shares of SunTrust Banks, Inc. (NYSE:STI) by 44.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 639 shares of the financial services provider’s stock after selling 502 shares during the period. Kessler Investment Group LLC’s holdings in SunTrust Banks were worth $32,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Moody National Bank Trust Division increased its position in SunTrust Banks by 48.9% during the fourth quarter. Moody National Bank Trust Division now owns 1,072 shares of the financial services provider’s stock worth $54,000 after buying an additional 352 shares during the last quarter. Capital Insight Partners LLC increased its position in SunTrust Banks by 0.9% during the fourth quarter. Capital Insight Partners LLC now owns 39,327 shares of the financial services provider’s stock worth $1,984,000 after buying an additional 363 shares during the last quarter. Huntington National Bank increased its position in SunTrust Banks by 9.5% during the third quarter. Huntington National Bank now owns 9,704 shares of the financial services provider’s stock worth $648,000 after buying an additional 839 shares during the last quarter. Cadence Capital Management LLC increased its position in SunTrust Banks by 1.7% during the third quarter. Cadence Capital Management LLC now owns 53,960 shares of the financial services provider’s stock worth $3,604,000 after buying an additional 897 shares during the last quarter. Finally, Associated Banc Corp increased its position in SunTrust Banks by 1.5% during the third quarter. Associated Banc Corp now owns 61,395 shares of the financial services provider’s stock worth $4,100,000 after buying an additional 898 shares during the last quarter. Institutional investors and hedge funds own 82.60% of the company’s stock.

Shares of SunTrust Banks stock traded up $0.56 on Friday, hitting $55.93. The stock had a trading volume of 250,766 shares, compared to its average volume of 5,108,074. SunTrust Banks, Inc. has a twelve month low of $46.05 and a twelve month high of $75.08. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $24.92 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 0.88 and a beta of 1.39.

SunTrust Banks (NYSE:STI) last posted its earnings results on Friday, October 19th. The financial services provider reported $1.56 EPS for the quarter, beating the consensus estimate of $1.39 by $0.17. SunTrust Banks had a return on equity of 11.66% and a net margin of 28.17%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the business earned $1.06 earnings per share. The firm’s revenue for the quarter was down .8% on a year-over-year basis. As a group, equities research analysts predict that SunTrust Banks, Inc. will post 5.6 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, December 17th. Stockholders of record on Friday, November 30th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.58%. The ex-dividend date was Thursday, November 29th. SunTrust Banks’s payout ratio is 49.50%.

STI has been the topic of a number of recent analyst reports. Wedbush set a $75.00 price target on SunTrust Banks and gave the stock a “hold” rating in a research report on Thursday, September 13th. Zacks Investment Research raised SunTrust Banks from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Saturday, January 5th. Jefferies Financial Group downgraded SunTrust Banks from a “buy” rating to a “hold” rating in a research report on Tuesday. B. Riley set a $79.00 price target on SunTrust Banks and gave the stock a “buy” rating in a research report on Monday, October 15th. Finally, Piper Jaffray Companies downgraded SunTrust Banks from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $76.00 to $74.00 in a research report on Thursday, September 13th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $74.08.

About SunTrust Banks

SunTrust Banks, Inc operates as the holding company for SunTrust Bank that provides various financial services for consumers, businesses, corporations, and institutions in the United States. It operates through 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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