Suntrust Bks (STI) Stock Value Declined While Elizabeth Park Capital Advisors LTD Decreased Position by $1.36 Million; Egerton Capital Uk Llp Has Increased Morgan Stanley (MS) Position

January 21, 2018 - By Richard Conner

John Armitage increased its stake in Morgan Stanley (MS) by 9.41% based on its latest 2017Q3 regulatory filing with the SEC. Egerton Capital Uk Llp bought 311,102 shares as the company’s stock declined 9.43% while stock markets rallied. The hedge fund run by John Armitage held 3.62M shares of the investment bankers and brokers and service company at the end of 2017Q3, valued at $174.24 million, up from 3.31M at the end of the previous reported quarter. Egerton Capital Uk Llp who had been investing in Morgan Stanley for a number of months, seems to be bullish on the $103.88 billion market cap company. The stock increased 2.90% or $1.62 during the last trading session, reaching $57.46. About 15.12 million shares traded or 91.38% up from the average. Morgan Stanley (NYSE:MS) has risen 57.08% since January 21, 2017 and is uptrending. It has outperformed by 40.38% the S&P500.

Fred Cummings decreased its stake in Suntrust Bks Inc (STI) by 10.04% based on its latest 2017Q3 regulatory filing with the SEC. Elizabeth Park Capital Advisors Ltd sold 23,000 shares as the company’s stock declined 9.30% while stock markets rallied. The hedge fund run by Fred Cummings held 206,135 shares of the finance company at the end of 2017Q3, valued at $12.32M, down from 229,135 at the end of the previous reported quarter. Elizabeth Park Capital Advisors Ltd who had been investing in Suntrust Bks Inc for a number of months, seems to be less bullish one the $32.65B market cap company. The stock increased 0.94% or $0.64 during the last trading session, reaching $68.58. About 5.10 million shares traded or 36.15% up from the average. SunTrust Banks, Inc. (NYSE:STI) has risen 26.82% since January 21, 2017 and is uptrending. It has outperformed by 10.12% 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 105 analyst reports since July 20, 2015 according to SRatingsIntel. The company was maintained on Thursday, September 17 by Deutsche Bank. The firm has “Buy” rating by Bank of America given on Tuesday, January 12. As per Friday, January 19, the company rating was maintained by Sandler O’Neill. On Tuesday, October 10 the stock rating was downgraded by FBR Capital to “Hold”. The firm earned “Hold” rating on Friday, August 25 by Robert W. Baird. UBS upgraded it to “Buy” rating and $73.0 target in Tuesday, December 12 report. As per Friday, January 19, the company rating was maintained by RBC Capital Markets. The stock of SunTrust Banks, Inc. (NYSE:STI) has “Hold” rating given on Friday, September 15 by Keefe Bruyette & Woods. Standpoint Research downgraded the shares of STI in report on Tuesday, November 15 to “Hold” rating. The rating was upgraded by Robert W. Baird on Monday, June 5 to “Neutral”.

Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.01, from 0.92 in 2017Q2. It fall, 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. Caisse De Depot Et Placement Du Quebec has invested 0.14% in SunTrust Banks, Inc. (NYSE:STI). M&T Bancshares Corp holds 0.01% of its portfolio in SunTrust Banks, Inc. (NYSE:STI) for 37,982 shares. Americafirst Management Limited Co invested in 0.4% or 5,005 shares. Guggenheim Capital Llc holds 904,554 shares. United Kingdom-based Hermes Mngmt Ltd has invested 0.01% in SunTrust Banks, Inc. (NYSE:STI). Andra Ap holds 0.12% or 86,000 shares in its portfolio. 762 are held by Winch Advisory Ser Ltd Liability. Pinnacle Associates Limited stated it has 4,407 shares or 0% of all its holdings. Silvercrest Asset Mngmt Group Inc Ltd Liability Com invested in 0% or 5,064 shares. State Board Of Administration Of Florida Retirement Sys holds 0.12% or 750,175 shares in its portfolio. Axa owns 99,801 shares. L & S Advsr owns 14,177 shares or 0.14% of their US portfolio. The Minnesota-based Thrivent For Lutherans has invested 0.01% in SunTrust Banks, Inc. (NYSE:STI). Moneta Invest Advsrs Lc accumulated 12,165 shares. Putnam Investments Ltd Liability Company has invested 0.05% in SunTrust Banks, Inc. (NYSE:STI).

Since August 14, 2017, it had 0 insider buys, and 1 sale for $46,331 activity.

Elizabeth Park Capital Advisors Ltd, which manages about $166.10 million and $257.67 million US Long portfolio, upped its stake in Macatawa Bk Corp (NASDAQ:MCBC) by 277,764 shares to 530,454 shares, valued at $5.44M in 2017Q3, according to the filing. It also increased its holding in Capstar Finl Hldgs Inc by 43,376 shares in the quarter, for a total of 283,995 shares, and has risen its stake in Pinnacle Finl Partners Inc (NASDAQ:PNFP).

Among 29 analysts covering Morgan Stanley (NYSE:MS), 18 have Buy rating, 0 Sell and 11 Hold. Therefore 62% are positive. Morgan Stanley had 96 analyst reports since July 21, 2015 according to SRatingsIntel. On Tuesday, April 19 the stock rating was maintained by Wood with “Market Perform”. The company was upgraded on Thursday, January 4 by Credit Suisse. As per Thursday, July 20, the company rating was maintained by BMO Capital Markets. Barclays Capital maintained the stock with “Equal Weight” rating in Tuesday, January 3 report. The stock of Morgan Stanley (NYSE:MS) has “Buy” rating given on Friday, March 31 by JP Morgan. The rating was upgraded by Deutsche Bank on Wednesday, March 29 to “Buy”. On Wednesday, October 18 the stock rating was maintained by Buckingham Research with “Buy”. As per Thursday, July 30, the company rating was downgraded by Guggenheim. Sandler O’Neill downgraded the stock to “Hold” rating in Thursday, October 6 report. Argus Research maintained Morgan Stanley (NYSE:MS) rating on Wednesday, August 17. Argus Research has “Buy” rating and $36 target.

Investors sentiment increased to 0.94 in Q3 2017. Its up 0.06, from 0.88 in 2017Q2. It increased, as 59 investors sold MS shares while 292 reduced holdings. 76 funds opened positions while 255 raised stakes. 1.53 billion shares or 1.48% less from 1.55 billion shares in 2017Q2 were reported. Northern Corp reported 16.26 million shares. Howe Rusling Incorporated has 364 shares for 0% of their portfolio. Paloma Mngmt reported 98,057 shares or 0.06% of all its holdings. Northpointe Capital Lc stated it has 70,536 shares. New York-based New York State Common Retirement Fund has invested 0.22% in Morgan Stanley (NYSE:MS). Tru Of Virginia Va stated it has 4,468 shares. Goldman Sachs accumulated 8.50M shares. Livforsakringsbolaget Skandia Omsesidigt owns 80,714 shares or 0.35% of their US portfolio. Sigma Planning Corporation invested 0.02% in Morgan Stanley (NYSE:MS). Moreover, Burt Wealth Advisors has 0.03% invested in Morgan Stanley (NYSE:MS) for 884 shares. Westpac Banking Corporation holds 0.1% of its portfolio in Morgan Stanley (NYSE:MS) for 96,760 shares. Sector Pension Investment Board reported 156,940 shares stake. Horseman Capital Mngmt Ltd invested in 1.28% or 120,000 shares. Capital Guardian Trust reported 0% of its portfolio in Morgan Stanley (NYSE:MS). Monroe National Bank & Trust & Mi has invested 0.02% in Morgan Stanley (NYSE:MS).

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