Suntrust Banks (STI) Shares Declined While Rowland & Company Investment Counsel Has …



July 13, 2018 – By Clara Lewis

Verizon Communications Inc. (NYSE:VZ) Logo

Thomas Bailard increased its stake in Verizon Communications Inc (VZ) by 82.11% based on its latest 2018Q1 regulatory filing with the SEC. Bailard Inc bought 44,358 shares as the company’s stock declined 1.16% with the market. The hedge fund run by Thomas Bailard held 98,379 shares of the telecommunications equipment company at the end of 2018Q1, valued at $4.70 million, up from 54,021 at the end of the previous reported quarter. Bailard Inc who had been investing in Verizon Communications Inc for a number of months, seems to be bullish on the $210.75 billion market cap company. The stock decreased 0.46% or $0.24 during the last trading session, reaching $51. About 2.92 million shares traded. Verizon Communications Inc. (NYSE:VZ) has risen 7.08% since July 13, 2017 and is uptrending. It has underperformed by 5.49% the S&P500. Some Historical VZ News: 18/04/2018 – OATH SAYS K. GURU GOWRAPPAN WILL JOIN COMPANY AS PRESIDENT AND COO; 05/04/2018 – HELIOS AND MATHESON ANALYTICS- OATH AND VERIZON HAVE TAKEN AN OWNERSHIP STAKE IN MOVIEPASS THROUGH EQUITY IN HMNY IN CONNECTION WITH TRANSACTION; 24/04/2018 – VERIZON – FIRST-QUARTER 2018 EARNINGS INCLUDED A PRE-TAX CHARGE OF ABOUT $249 MLN RELATED TO EARLY DEBT EXTINGUISHMENT; 24/05/2018 – VODAFONE – VERIZON COMMUNICATIONS REPURCHASED OUTSTANDING US$2.5 BLN AGGREGATE PRINCIPAL AMOUNT OF FLOATING RATE NOTES DUE 2025; 22/03/2018 – Synchronoss and Verizon Amend Existing Application Service Provider Agreement; 24/04/2018 – Verizon 1Q Net $4.55B; 07/03/2018 – Moody’s affirms Frontier’s B3 corporate family rating, outlook changed to stable; 21/05/2018 – A security researcher said data from LocationSmart could have been used to track AT&T, Verizon, Sprint, and T-Mobile cwustomers within a few hundred yards of their location and without their consent; 19/03/2018 – Verizon announces increase to waterfall cap, accepted amounts and pricing terms of its tender offers for 13 series of notes; 24/04/2018 – Verizon begins 2018 with strong momentum

Rowland & Company Investment Counsel decreased its stake in Suntrust Banks Inc (STI) by 0.32% based on its latest 2018Q1 regulatory filing with the SEC. Rowland & Company Investment Counsel sold 214 shares as the company’s stock declined 4.22% with the market. The institutional investor held 66,585 shares of the finance company at the end of 2018Q1, valued at $4.50B, down from 66,799 at the end of the previous reported quarter. Rowland & Company Investment Counsel who had been investing in Suntrust Banks Inc for a number of months, seems to be less bullish one the $31.70B market cap company. The stock decreased 0.95% or $0.65 during the last trading session, reaching $68.21. About 1.48M shares traded. SunTrust Banks, Inc. (NYSE:STI) has risen 26.44% since July 13, 2017 and is uptrending. It has outperformed by 13.87% the S&P500. Some Historical STI News: 09/05/2018 – Extraction Oil Non-Deal Roadshow Set By SunTrust for May. 16; 03/04/2018 – Mack-Cali at Non-Deal Roadshow Hosted By SunTrust Today; 21/03/2018 – American Vanguard Non-Deal Roadshow Set By SunTrust for Mar. 28; 12/03/2018 – Korn/Ferry at Non-Deal Roadshow Hosted By SunTrust Today; 18/04/2018 – SunTrust Banks Inc expected to post earnings of $1.11 a share – Earnings Preview; 01/05/2018 – ManpowerGroup Group Meeting Scheduled By SunTrust for May. 8; 15/05/2018 – GUIDANCE: Seaco Container $200m ABS via DB/CS/PNC/SunTrust; 09/04/2018 – Callon Petroleum at Group Dinner Hosted By SunTrust Today; 01/05/2018 – Accenture Non-Deal Roadshow Scheduled By SunTrust for May. 8; 16/04/2018 – SunTrust Mortgage Cuts Application Time in Half with Online Tool

Among 36 analysts covering Suntrust Banks Inc. (NYSE:STI), 19 have Buy rating, 0 Sell and 17 Hold. Therefore 53% are positive. Suntrust Banks Inc. had 121 analyst reports since July 20, 2015 according to SRatingsIntel. Credit Agricole upgraded SunTrust Banks, Inc. (NYSE:STI) on Wednesday, September 9 to “Buy” rating. The firm earned “Neutral” rating on Thursday, September 28 by Nomura. The company was upgraded on Monday, September 7 by Zacks. As per Friday, August 25, the company rating was maintained by Robert W. Baird. Wedbush maintained it with “Neutral” rating and $53 target in Wednesday, November 30 report. The firm has “Buy” rating given on Monday, January 23 by Sandler O’Neill. The stock of SunTrust Banks, Inc. (NYSE:STI) has “Neutral” rating given on Wednesday, March 14 by Credit Suisse. Oppenheimer maintained SunTrust Banks, Inc. (NYSE:STI) on Sunday, July 23 with “Hold” rating. Credit Suisse maintained SunTrust Banks, Inc. (NYSE:STI) on Monday, April 23 with “Neutral” rating. Susquehanna maintained SunTrust Banks, Inc. (NYSE:STI) on Thursday, January 4 with “Hold” rating.

Analysts await SunTrust Banks, Inc. (NYSE:STI) to report earnings on July, 20 before the open. They expect $1.30 EPS, up 26.21% or $0.27 from last year’s $1.03 per share. STI’s profit will be $604.24M for 13.12 P/E if the $1.30 EPS becomes a reality. After $1.29 actual EPS reported by SunTrust Banks, Inc. for the previous quarter, Wall Street now forecasts 0.78% EPS growth.

Rowland & Company Investment Counsel, which manages about $228.64M and $252.25 billion US Long portfolio, upped its stake in Simmons First Nation Class A (NASDAQ:SFNC) by 1,875 shares to 3,750 shares, valued at $107.81M in 2018Q1, according to the filing. It also increased its holding in Phillips 66 (NYSE:PSX) by 106 shares in the quarter, for a total of 1,112 shares, and has risen its stake in General Electric Co (NYSE:GE).

Since January 23, 2018, it had 2 buys, and 6 insider sales for $2.29 million activity. Another trade for 11,000 shares valued at $759,000 was sold by Cummins Hugh S. III. Another trade for 7,500 shares valued at $525,975 was sold by Chancy Mark A. $101,025 worth of SunTrust Banks, Inc. (NYSE:STI) shares were sold by Scanlan Agnes Bundy. Shares for $255,737 were sold by Johnson Susan S on Tuesday, February 20. The insider SCRUGGS FRANK P JR bought 1,000 shares worth $69,010. VOORHEES STEVEN C had bought 6,000 shares worth $395,760.

Investors sentiment decreased to 1.04 in Q1 2018. Its down 0.05, from 1.09 in 2017Q4. It turned negative, as 50 investors sold STI shares while 246 reduced holdings. 94 funds opened positions while 215 raised stakes. 380.01 million shares or 0.41% less from 381.57 million shares in 2017Q4 were reported. Natixis reported 143,822 shares or 0.06% of all its holdings. Lord Abbett And Limited Liability Com stated it has 34,900 shares. X Management Lc has 0.01% invested in SunTrust Banks, Inc. (NYSE:STI) for 7,942 shares. The Missouri-based Scout Invs Inc has invested 1.17% in SunTrust Banks, Inc. (NYSE:STI). Cleararc Cap holds 0.12% or 11,958 shares in its portfolio. San Francisco Sentry Invest Gp (Ca) owns 486 shares or 0.01% of their US portfolio. Calamos Advsr Limited Company stated it has 68,555 shares. Amp Limited invested in 175,122 shares. Raymond James Trust Na stated it has 25,977 shares or 0.12% of all its holdings. Moreover, Washington Com has 0.01% invested in SunTrust Banks, Inc. (NYSE:STI). Oppenheimer Asset Management accumulated 308,826 shares. Lombard Odier Asset Mngmt (Europe) Limited owns 5,109 shares or 0.02% of their US portfolio. Hallmark Inc invested 0.2% of its portfolio in SunTrust Banks, Inc. (NYSE:STI). Menta Limited Liability Company reported 17,671 shares stake. Mirae Asset Glob Invests has 0.01% invested in SunTrust Banks, Inc. (NYSE:STI).

More news for SunTrust Banks, Inc. (NYSE:STI) were recently published by: Bizjournals.com, which released: “Construction update: An inside look at SunTrust’s next Orlando home (PHOTOS)” on July 12, 2018. Seekingalpha.com‘s article titled: “SunTrust expands aging services industry group nationally” and published on June 14, 2018 is yet another important article.

Bailard Inc, which manages about $2.27B and $1.57B US Long portfolio, decreased its stake in Tower Intl Inc (NYSE:TOWR) by 13,400 shares to 43,800 shares, valued at $1.22 million in 2018Q1, according to the filing. It also reduced its holding in Alphabet Inc by 394 shares in the quarter, leaving it with 11,069 shares, and cut its stake in Global Blood Therapeutics In.

Since February 13, 2018, it had 0 insider buys, and 2 selling transactions for $444,552 activity.

More recent Verizon Communications Inc. (NYSE:VZ) news were published by: Seekingalpha.com which released: “The Death Star Explodes Into Stock Market Space” on July 10, 2018. Also Seekingalpha.com published the news titled: “Verizon: Make The Call And Add This Undervalued Telecom Giant To Your Portfolio” on July 05, 2018. Seekingalpha.com‘s news article titled: “Is Verizon A Better Investment Than AT&T?” with publication date: June 27, 2018 was also an interesting one.

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

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