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Tiaa Cref Investment Management Has Decreased Its Suntrust Banks (STI) Holding as Stock Declined; Flowserve (FLS) Holder Bb&T Securities Lowered Its Position by $405,540

SunTrust Banks, Inc. (NYSE:STI) Logo

Bb&T Securities Llc decreased its stake in Flowserve Corp (FLS) by 25% based on its latest 2018Q3 regulatory filing with the SEC. Bb&T Securities Llc sold 7,510 shares as the company’s stock declined 16.27% with the market. The institutional investor held 22,528 shares of the fluid controls company at the end of 2018Q3, valued at $1.23 million, down from 30,038 at the end of the previous reported quarter. Bb&T Securities Llc who had been investing in Flowserve Corp for a number of months, seems to be less bullish one the $5.37B market cap company. The stock decreased 1.23% or $0.51 during the last trading session, reaching $41.04. About 171,052 shares traded. Flowserve Corporation (NYSE:FLS) has risen 4.50% since January 14, 2018 and is uptrending. It has outperformed by 4.50% the S&P500. Some Historical FLS News: 17/04/2018 – Flowserve Expands Use of Unisys Stealth® Microsegmentation; 05/04/2018 – Azima & Flowserve harness Al technology for machine maintenance; 10/05/2018 – Flowserve Sees 2018 EPS 95c-EPS $1.15; 10/04/2018 – Flowserve: Elizabeth Burger Appointed as Chief Human Resources Officer; 10/05/2018 – Flowserve Sees 2018 Adj EPS $1.50-Adj EPS $1.70; 22/03/2018 – Flowserve Closes Below 50-Day Moving Average: Technicals; 18/04/2018 – Flowserve Corp. – Disclosed SEC investigation(s) confirmed as ongoing. Inadequate disclosures make it impossible to assess a material and ongoing risk. $FLS (published 31-Jan); 05/03/2018 Flowserve Forms Golden Cross: Technicals; 18/05/2018 – MOODY’S AFFIRMS FLOWSERVE’S SR UNSECURED RATING AT Baa3; KEEPS; 05/04/2018 – Azima & Flowserve harness AI technology for machine maintenance

Tiaa Cref Investment Management Llc decreased its stake in Suntrust Banks Inc (STI) by 44.61% based on its latest 2018Q3 regulatory filing with the SEC. Tiaa Cref Investment Management Llc sold 2.56M shares as the company’s stock declined 24.91% with the market. The institutional investor held 3.18 million shares of the finance company at the end of 2018Q3, valued at $212.17M, down from 5.74 million at the end of the previous reported quarter. Tiaa Cref Investment Management Llc who had been investing in Suntrust Banks Inc for a number of months, seems to be less bullish one the $25.15 billion market cap company. The stock increased 0.39% or $0.22 during the last trading session, reaching $55.99. About 1.65M shares traded. SunTrust Banks, Inc. (NYSE:STI) has declined 14.19% since January 14, 2018 and is downtrending. It has underperformed by 14.19% the S&P500. Some Historical STI News: 29/03/2018 – Shake Shack at Non-Deal Roadshow Hosted By SunTrust Today; 07/03/2018 – Euronet at Non-Deal Roadshow Hosted By SunTrust Today; 10/04/2018 – Earthstone at Non-Deal Roadshow Hosted By SunTrust Today; 05/05/2018 – Mohawk Industries Non-Deal Roadshow Set By SunTrust for May. 10; 28/03/2018 – Virginian-Pilot: SunTrust survey says attracting, retaining employees is top challenge in 2018; 16/04/2018 – SunTrust Mortgage Cuts Application Time in Half with Online Tool; 03/05/2018 – NXPI Defended at SunTrust, United First After Reaching 2016 Low; 16/04/2018 – TTEC at Non-Deal Roadshow Hosted By SunTrust Today; 03/04/2018 – HighPoint Resources Access Event Set By SunTrust for Apr. 10-11; 20/03/2018 – Korn/Ferry Non-Deal Roadshow Set By SunTrust for Mar. 27-28

Bb&T Securities Llc, which manages about $6.38B and $10.14 billion US Long portfolio, upped its stake in Qualcomm Inc (NASDAQ:QCOM) by 359,688 shares to 372,288 shares, valued at $26.81M in 2018Q3, according to the filing. It also increased its holding in Microchip Technology Inc (NASDAQ:MCHP) by 4,982 shares in the quarter, for a total of 149,915 shares, and has risen its stake in First Tr Sml Cp Core Alpha F (FYX).

Investors sentiment increased to 0.9 in 2018 Q3. Its up 0.01, from 0.89 in 2018Q2. It improved, as 21 investors sold FLS shares while 127 reduced holdings. 50 funds opened positions while 83 raised stakes. 129.90 million shares or 6.15% less from 138.41 million shares in 2018Q2 were reported. Quantbot Technology Lp holds 0.02% or 5,469 shares. 10,738 are owned by Commonwealth Of Pennsylvania School Empls Retrmt. New York-based John G Ullman has invested 1.84% in Flowserve Corporation (NYSE:FLS). Fil Ltd holds 0.06% in Flowserve Corporation (NYSE:FLS) or 717,805 shares. Merian Invsts (Uk) Ltd owns 15,500 shares or 0.01% of their US portfolio. Tocqueville Asset LP owns 93,338 shares for 0.06% of their portfolio. Woodstock, a Massachusetts-based fund reported 31,900 shares. Moreover, Contravisory Investment has 0.16% invested in Flowserve Corporation (NYSE:FLS) for 8,006 shares. Natixis Advsrs Ltd Partnership holds 27,682 shares or 0.01% of its portfolio. Dimensional Fund Advsr Lp accumulated 0.02% or 998,675 shares. Earnest Ptnrs Limited Liability invested 0% of its portfolio in Flowserve Corporation (NYSE:FLS). Neuberger Berman Ltd Liability holds 0.02% of its portfolio in Flowserve Corporation (NYSE:FLS) for 385,747 shares. The Ohio-based Bartlett & Ltd Liability has invested 0.01% in Flowserve Corporation (NYSE:FLS). State Of Alaska Department Of Revenue, a Alaska-based fund reported 27,540 shares. Texas-based Hilltop Holdg has invested 0.13% in Flowserve Corporation (NYSE:FLS).

Among 28 analysts covering Flowserve Corporation (NYSE:FLS), 7 have Buy rating, 4 Sell and 17 Hold. Therefore 25% are positive. Flowserve Corporation had 97 analyst reports since July 28, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Hold” rating and $43 target in Monday, May 14 report. The rating was maintained by RBC Capital Markets with “Underperform” on Monday, October 31. The rating was initiated by Suntrust Robinson on Tuesday, November 3 with “Neutral”. The firm has “Outperform” rating given on Friday, July 28 by BMO Capital Markets. The rating was maintained by Robert W. Baird on Wednesday, December 13 with “Hold”. The rating was maintained by RBC Capital Markets with “Sell” on Friday, September 15. The firm earned “Sell” rating on Friday, December 8 by Goldman Sachs. The firm has “Buy” rating by Jefferies given on Thursday, July 13. Maxim Group maintained Flowserve Corporation (NYSE:FLS) rating on Wednesday, July 29. Maxim Group has “Buy” rating and $60 target. UBS maintained the stock with “Neutral” rating in Thursday, August 27 report.

Another recent and important Flowserve Corporation (NYSE:FLS) news was published by Businesswire.com which published an article titled: “Flowserve Announces Quarterly Cash Dividend of $0.19 Per Share – Business Wire” on December 20, 2018.

Analysts await Flowserve Corporation (NYSE:FLS) to report earnings on February, 21. They expect $0.58 EPS, up 16.00% or $0.08 from last year’s $0.5 per share. FLS’s profit will be $75.89 million for 17.69 P/E if the $0.58 EPS becomes a reality. After $0.49 actual EPS reported by Flowserve Corporation for the previous quarter, Wall Street now forecasts 18.37% EPS growth.

Among 38 analysts covering Suntrust Banks Inc. (NYSE:STI), 20 have Buy rating, 0 Sell and 18 Hold. Therefore 53% are positive. Suntrust Banks Inc. had 132 analyst reports since July 20, 2015 according to SRatingsIntel. Compass Point downgraded the stock to “Neutral” rating in Wednesday, November 23 report. Barclays Capital maintained SunTrust Banks, Inc. (NYSE:STI) on Monday, July 23 with “Equal-Weight” rating. The rating was downgraded by Wedbush on Thursday, December 21 to “Neutral”. PiperJaffray downgraded it to “Neutral” rating and $74 target in Thursday, September 13 report. As per Tuesday, January 3, the company rating was maintained by Barclays Capital. The firm earned “Neutral” rating on Thursday, October 26 by Nomura. As per Friday, November 18, the company rating was downgraded by Wells Fargo. The company was maintained on Thursday, August 10 by Wells Fargo. The stock of SunTrust Banks, Inc. (NYSE:STI) has “Buy” rating given on Sunday, April 22 by Piper Jaffray. The firm earned “Hold” rating on Thursday, August 27 by Evercore.

Tiaa Cref Investment Management Llc, which manages about $153.14 billion US Long portfolio, upped its stake in Ciena Corp (NYSE:CIEN) by 708,407 shares to 1.83M shares, valued at $57.28 million in 2018Q3, according to the filing. It also increased its holding in Comerica Inc (NYSE:CMA) by 371,809 shares in the quarter, for a total of 3.55M shares, and has risen its stake in Douglas Emmett Inc (NYSE:DEI).

Analysts await SunTrust Banks, Inc. (NYSE:STI) to report earnings on January, 18 before the open. They expect $1.39 EPS, up 27.52% or $0.30 from last year’s $1.09 per share. STI’s profit will be $624.44 million for 10.07 P/E if the $1.39 EPS becomes a reality. After $1.42 actual EPS reported by SunTrust Banks, Inc. for the previous quarter, Wall Street now forecasts -2.11% negative EPS growth.

Investors sentiment increased to 1.23 in 2018 Q3. Its up 0.16, from 1.07 in 2018Q2. It improved, as 32 investors sold STI shares while 234 reduced holdings. 93 funds opened positions while 233 raised stakes. 356.40 million shares or 4.46% less from 373.05 million shares in 2018Q2 were reported. 3,579 were reported by Ing Groep Nv. Putnam Invests holds 304,748 shares. Salzhauer Michael, New York-based fund reported 24,187 shares. Kentucky Retirement Sys invested in 44,193 shares. Wealthtrust invested 0% in SunTrust Banks, Inc. (NYSE:STI). Amer Financial Bank invested in 72,899 shares. Amer Interest Grp has invested 0.05% in SunTrust Banks, Inc. (NYSE:STI). Yhb Investment has invested 0.56% in SunTrust Banks, Inc. (NYSE:STI). Todd Asset Llc stated it has 622,896 shares or 1.14% of all its holdings. Btim has 525,225 shares for 0.48% of their portfolio. Janney Cap Mgmt Limited Liability Co owns 250,528 shares. Rnc Mngmt Limited Liability Corporation holds 0.06% of its portfolio in SunTrust Banks, Inc. (NYSE:STI) for 14,478 shares. Independent has 4,200 shares for 0.1% of their portfolio. Victory Cap Mgmt reported 0.69% in SunTrust Banks, Inc. (NYSE:STI). Ferguson Wellman Cap Mgmt Inc owns 810,440 shares for 1.78% of their portfolio.

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

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