Mountain Pacific Investment Advisers Boosted Its Suntrust Banks (STI) Stake; Earnest Partners Increased Its Eastgroup Properties (EGP) Holding

May 21, 2018 - By Louis Casey

SunTrust Banks, Inc. (NYSE:STI) Logo

Earnest Partners Llc increased Eastgroup Properties (EGP) stake by 74.2% reported in 2017Q4 SEC filing. Earnest Partners Llc acquired 346,140 shares as Eastgroup Properties (EGP)’s stock declined 6.67%. The Earnest Partners Llc holds 812,624 shares with $71.82 million value, up from 466,484 last quarter. Eastgroup Properties now has $3.12 billion valuation. The stock increased 0.80% or $0.71 during the last trading session, reaching $89.54. About 350,836 shares traded or 55.75% up from the average. EastGroup Properties, Inc. (NYSE:EGP) has risen 14.36% since May 21, 2017 and is uptrending. It has outperformed by 2.81% the S&P500.

Mountain Pacific Investment Advisers Inc increased Suntrust Banks Inc (STI) stake by 21.07% reported in 2017Q4 SEC filing. Mountain Pacific Investment Advisers Inc acquired 4,850 shares as Suntrust Banks Inc (STI)’s stock rose 1.41%. The Mountain Pacific Investment Advisers Inc holds 27,867 shares with $1.80 million value, up from 23,017 last quarter. Suntrust Banks Inc now has $31.91 billion valuation. The stock decreased 1.05% or $0.73 during the last trading session, reaching $68.65. About 1.80M shares traded. SunTrust Banks, Inc. (NYSE:STI) has risen 22.73% since May 21, 2017 and is uptrending. It has outperformed by 11.18% the S&P500.

More news for EastGroup Properties, Inc. (NYSE:EGP) were recently published by: Seekingalpha.com, which released: “EastGroup Properties: Fundamentals Trump Fear” on April 27, 2018. Globenewswire.com‘s article titled: “Market Trends Toward New Normal in Acacia Research, A10 Networks, Imperva, PotlatchDeltic, Blackhawk Network …” and published on April 27, 2018 is yet another important article.

Among 15 analysts covering Eastgroup Properties Inc. (NYSE:EGP), 2 have Buy rating, 0 Sell and 13 Hold. Therefore 13% are positive. Eastgroup Properties Inc. had 34 analyst reports since August 20, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Thursday, August 25 by BTIG Research. Citigroup maintained the stock with “Neutral” rating in Monday, October 30 report. Credit Suisse downgraded EastGroup Properties, Inc. (NYSE:EGP) on Thursday, August 20 to “Neutral” rating. Morgan Stanley maintained EastGroup Properties, Inc. (NYSE:EGP) on Thursday, December 14 with “Equal-Weight” rating. The company was downgraded on Friday, July 22 by Sandler O’Neill. On Monday, November 6 the stock rating was maintained by Bank of America with “Buy”. SunTrust maintained EastGroup Properties, Inc. (NYSE:EGP) rating on Thursday, October 19. SunTrust has “Sell” rating and $72.0 target. The stock of EastGroup Properties, Inc. (NYSE:EGP) has “Hold” rating given on Monday, October 23 by KeyBanc Capital Markets. As per Wednesday, August 16, the company rating was upgraded by Bank of America. The firm earned “Buy” rating on Wednesday, February 7 by Sandler O’Neill.

Since February 8, 2018, it had 1 buying transaction, and 1 insider sale for $272,367 activity. COLEMAN JOHN F sold $512,528 worth of stock or 6,000 shares. GOULD FREDRIC H bought $240,161 worth of EastGroup Properties, Inc. (NYSE:EGP) on Thursday, February 8.

Earnest Partners Llc decreased Alexandria Real (NYSE:ARE) stake by 10,980 shares to 209,078 valued at $27.30 million in 2017Q4. It also reduced Banco Bradesco (NYSE:BBD) stake by 126,186 shares and now owns 15.04 million shares. Norfolk Southern (NYSE:NSC) was reduced too.

Investors sentiment decreased to 1.36 in 2017 Q4. Its down 0.07, from 1.43 in 2017Q3. It is negative, as 11 investors sold EGP shares while 62 reduced holdings. 31 funds opened positions while 68 raised stakes. 32.23 million shares or 0.37% less from 32.35 million shares in 2017Q3 were reported. Financial Bank Of Montreal Can holds 25,717 shares. Principal Finance Grp holds 610,071 shares. Price T Rowe Inc Md accumulated 2.89 million shares or 0.04% of the stock. Prospector Ptnrs Limited Company has invested 0.47% of its portfolio in EastGroup Properties, Inc. (NYSE:EGP). Ameriprise Financial Inc has 180,282 shares. Jpmorgan Chase Co, New York-based fund reported 2.66 million shares. Natl Bank Of Mellon invested in 484,163 shares or 0.01% of the stock. Magnetar Limited Company holds 0.01% in EastGroup Properties, Inc. (NYSE:EGP) or 5,081 shares. Stifel Corporation owns 108,217 shares for 0.03% of their portfolio. Fifth Third National Bank reported 28,925 shares. Public Sector Pension Invest Board reported 0.01% in EastGroup Properties, Inc. (NYSE:EGP). 22,107 are owned by Foster Motley Inc. Glenmede Company Na stated it has 0% of its portfolio in EastGroup Properties, Inc. (NYSE:EGP). Guggenheim Cap Ltd Llc invested in 162,135 shares or 0.03% of the stock. First Personal Financial Services stated it has 29 shares or 0% of all its holdings.

Investors sentiment increased to 1.09 in Q4 2017. Its up 0.18, from 0.91 in 2017Q3. It increased, as 38 investors sold STI shares while 239 reduced holdings. 100 funds opened positions while 202 raised stakes. 381.57 million shares or 1.65% more from 375.36 million shares in 2017Q3 were reported. Virginia Retirement Et Al holds 0.14% or 178,600 shares. Cornercap Investment Counsel holds 0.53% or 59,691 shares in its portfolio. Mountain Pacific Invest Advisers Inc Id holds 0.19% of its portfolio in SunTrust Banks, Inc. (NYSE:STI) for 27,867 shares. 3,906 are owned by Smith Salley And Assocs. Massachusetts-based Eaton Vance Management has invested 0.09% in SunTrust Banks, Inc. (NYSE:STI). Dodge Cox holds 288,420 shares or 0.01% of its portfolio. Quantbot Techs Ltd Partnership invested 0.27% of its portfolio in SunTrust Banks, Inc. (NYSE:STI). Plante Moran Fincl Ltd Com stated it has 819 shares or 0.03% of all its holdings. Jaffetilchin Prtn Ltd Liability Co owns 17,518 shares. Tradewinds Cap Ltd holds 0% of its portfolio in SunTrust Banks, Inc. (NYSE:STI) for 33 shares. Ontario Teachers Pension Plan Board has 0.05% invested in SunTrust Banks, Inc. (NYSE:STI). Lombard Odier Asset Mgmt (Switzerland) stated it has 0.03% of its portfolio in SunTrust Banks, Inc. (NYSE:STI). Evercore Wealth Management Ltd owns 8,816 shares. Terril Brothers Inc stated it has 67,500 shares. New York State Teachers Retirement owns 890,556 shares.

Mountain Pacific Investment Advisers Inc decreased Wells Fargo & Co New (NYSE:WFC) stake by 36,735 shares to 78,066 valued at $4.74M in 2017Q4. It also reduced Fidelity Natl Info Svcs (NYSE:FIS) stake by 5,152 shares and now owns 345,898 shares. Ecolab Inc (NYSE:ECL) was reduced too.

Since January 23, 2018, it had 2 insider buys, and 5 selling transactions for $1.53 million activity. 8,750 shares valued at $604,275 were sold by Lienhard Jerome T on Monday, May 14. The insider VOORHEES STEVEN C bought 6,000 shares worth $395,760. The insider Scanlan Agnes Bundy sold $101,025. $69,010 worth of SunTrust Banks, Inc. (NYSE:STI) was bought by SCRUGGS FRANK P JR on Wednesday, May 16. The insider Chancy Mark A sold $525,975. 3,600 shares were sold by Johnson Susan S, worth $255,737 on Tuesday, February 20.

Another recent and important SunTrust Banks, Inc. (NYSE:STI) news was published by Bizjournals.com which published an article titled: “Growth plans: Both big and small banks set to expand locally” on April 26, 2018.

Among 35 analysts covering Suntrust Banks Inc. (NYSE:STI), 16 have Buy rating, 0 Sell and 19 Hold. Therefore 46% are positive. Suntrust Banks Inc. had 118 analyst reports since July 20, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, August 27 by Evercore. As per Monday, January 23, the company rating was maintained by FBR Capital. The stock of SunTrust Banks, Inc. (NYSE:STI) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, December 21. Morgan Stanley maintained it with “Equal-Weight” rating and $68 target in Monday, October 23 report. Barclays Capital maintained the stock with “Equal Weight” rating in Monday, January 25 report. On Friday, January 19 the stock rating was maintained by BMO Capital Markets with “Hold”. The stock has “Outperform” rating by Bernstein on Friday, January 8. The firm has “Overweight” rating given on Friday, February 2 by Morgan Stanley. Robert W. Baird maintained the stock with “Hold” rating in Tuesday, January 2 report. The stock of SunTrust Banks, Inc. (NYSE:STI) earned “Neutral” rating by Credit Suisse on Monday, April 23.

EastGroup Properties, Inc. (NYSE:EGP) Institutional Positions Chart

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