West Oak Capital Has Upped Its Suntrust Banks (STI) Stake by $577,610; Baring Asset Management LTD Stake in Alibaba Group Holding Limited (BABA) Trimmed by $42.49 Million

February 18, 2018 - By Hazel Jackson

West Oak Capital Llc increased its stake in Suntrust Banks Inc (STI) by 76.81% based on its latest 2017Q3 regulatory filing with the SEC. West Oak Capital Llc bought 9,790 shares as the company’s stock declined 9.30% while stock markets rallied. The institutional investor held 22,535 shares of the finance company at the end of 2017Q3, valued at $1.35M, up from 12,745 at the end of the previous reported quarter. West Oak Capital Llc who had been investing in Suntrust Banks Inc for a number of months, seems to be bullish on the $33.51 billion market cap company. The stock increased 0.74% or $0.52 during the last trading session, reaching $71.15. About 3.39M shares traded. SunTrust Banks, Inc. (NYSE:STI) has risen 26.82% since February 18, 2017 and is uptrending. It has outperformed by 10.12% the S&P500.

Baring Asset Management Ltd decreased its stake in Alibaba Group Holding Limited (BABA) by 13.07% based on its latest 2017Q3 regulatory filing with the SEC. Baring Asset Management Ltd sold 247,028 shares as the company’s stock rose 22.58% with the market. The institutional investor held 1.64 million shares of the business services company at the end of 2017Q3, valued at $283.86M, down from 1.89M at the end of the previous reported quarter. Baring Asset Management Ltd who had been investing in Alibaba Group Holding Limited for a number of months, seems to be less bullish one the $471.29 billion market cap company. The stock decreased 2.01% or $3.77 during the last trading session, reaching $183.68. About 16.11 million shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since February 18, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.

Among 34 analysts covering Suntrust Banks Inc. (NYSE:STI), 16 have Buy rating, 0 Sell and 18 Hold. Therefore 47% are positive. Suntrust Banks Inc. had 108 analyst reports since July 20, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital with “Equal Weight” on Tuesday, January 3. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, July 27 report. Deutsche Bank maintained the shares of STI in report on Thursday, September 17 with “Buy” rating. The rating was upgraded by Robert W. Baird on Tuesday, August 25 to “Underperform”. The firm earned “Hold” rating on Monday, January 22 by FBR Capital. As per Wednesday, November 23, the company rating was downgraded by Compass Point. The company was downgraded on Tuesday, October 10 by FBR Capital. The rating was downgraded by Robert W. Baird to “” on Friday, July 15. The firm has “Buy” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The rating was upgraded by Zacks on Thursday, August 27 to “Hold”.

Since August 14, 2017, it had 0 insider buys, and 1 insider sale for $507,911 activity. 29,248 shares valued at $507,911 were sold by Lienhard Jerome T on Tuesday, January 23.

Investors sentiment decreased to 0.91 in Q3 2017. Its down 0.01, from 0.92 in 2017Q2. It dived, as 65 investors sold STI shares while 235 reduced holdings. 69 funds opened positions while 205 raised stakes. 375.36 million shares or 2.72% less from 385.84 million shares in 2017Q2 were reported. Monetary Mngmt Grp Inc invested 0.17% in SunTrust Banks, Inc. (NYSE:STI). Central Fincl Bank & Tru Company has 1.25% invested in SunTrust Banks, Inc. (NYSE:STI) for 84,115 shares. Invesco Limited has 0.04% invested in SunTrust Banks, Inc. (NYSE:STI) for 1.94 million shares. Argent Trust, a Tennessee-based fund reported 3,434 shares. Texas Permanent School Fund reported 133,005 shares. Gyroscope Cap Mgmt Grp Limited Liability Company holds 0.19% or 6,188 shares in its portfolio. The Maryland-based Proshare Advsr Ltd Liability Com has invested 0.08% in SunTrust Banks, Inc. (NYSE:STI). Fny Managed Accounts owns 300 shares. Thompson Siegel Walmsley Limited Company has 0.06% invested in SunTrust Banks, Inc. (NYSE:STI) for 81,760 shares. Bluestein R H And has invested 2.43% of its portfolio in SunTrust Banks, Inc. (NYSE:STI). Huber Capital Limited Liability has 378,672 shares for 1.25% of their portfolio. New York-based Manning Napier Advsrs Llc has invested 0.01% in SunTrust Banks, Inc. (NYSE:STI). 7,406 are held by National Asset Management Incorporated. Supplemental Annuity Collective Of Nj holds 0.44% or 16,852 shares. Moreover, Cleararc has 0.11% invested in SunTrust Banks, Inc. (NYSE:STI).

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