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Retirement Systems Of Alabama Has Boosted Its American Express Co (AXP) Holding; Last Week SunTrust Banks, Inc. (STI) Analysts

Among 32 analysts covering Suntrust Banks Inc. (NYSE:STI), 14 have Buy rating, 0 Sell and 18 Hold. Therefore 44% are positive. Suntrust Banks Inc. had 92 analyst reports since July 20, 2015 according to SRatingsIntel. The firm has “Market Perform” rating by Bernstein given on Tuesday, August 16. The firm earned “Hold” rating on Thursday, August 27 by Evercore. The firm earned “Neutral” rating on Friday, October 7 by Wedbush. As per Friday, October 20, the company rating was maintained by RBC Capital Markets. The stock has “Equal Weight” rating by Barclays Capital on Monday, January 25. The rating was maintained by Jefferies on Monday, October 19 with “Hold”. The firm earned “Hold” rating on Tuesday, October 3 by Keefe Bruyette & Woods. On Tuesday, October 10 the stock rating was downgraded by FBR Capital to “Hold”. Piper Jaffray initiated the stock with “Overweight” rating in Tuesday, November 24 report. Keefe Bruyette & Woods maintained SunTrust Banks, Inc. (NYSE:STI) on Monday, June 5 with “Hold” rating. See SunTrust Banks, Inc. (NYSE:STI) latest ratings:

12/12/2017 Broker: UBS Rating: Buy New Target: $73.0 Upgrade
12/12/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $71.0 Upgrade
13/12/2017 Broker: Wood Old Rating: Market Perform New Rating: Outperform Upgrade
31/10/2017 Broker: Robert W. Baird Rating: Hold New Target: $55.0 Maintain
26/10/2017 Broker: Nomura Rating: Neutral Old Target: $63 New Target: $64 Maintain
23/10/2017 Broker: Piper Jaffray Rating: Buy New Target: $62.0 Maintain
23/10/2017 Broker: Barclays Capital Rating: Equal-Weight Old Target: $65 New Target: $68 Maintain
23/10/2017 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $63 New Target: $68 Maintain
23/10/2017 Broker: Raymond James Old Rating: Outperform New Rating: Market Perform Downgrade
23/10/2017 Broker: Sandler O’Neill Old Rating: Buy New Rating: Hold Downgrade

Retirement Systems Of Alabama increased American Express Co (AXP) stake by 118.45% reported in 2017Q2 SEC filing. Retirement Systems Of Alabama acquired 433,465 shares as American Express Co (AXP)’s stock declined 3.65%. The Retirement Systems Of Alabama holds 799,417 shares with $67.34M value, up from 365,952 last quarter. American Express Co now has $85.52 billion valuation. The stock increased 1.41% or $1.37 during the last trading session, reaching $98.52. About 7.89 million shares traded or 143.90% up from the average. American Express Company (NYSE:AXP) has risen 22.41% since December 17, 2016 and is uptrending. It has outperformed by 5.71% the S&P500.

Since July 31, 2017, it had 0 insider purchases, and 8 sales for $22.58 million activity. 30,761 American Express Company (NYSE:AXP) shares with value of $2.87M were sold by Williams Anre D. Bush James Peter sold $322,145 worth of American Express Company (NYSE:AXP) on Thursday, October 26. 6,000 shares were sold by Sobbott Susan, worth $506,340 on Thursday, September 7. Buckminster Douglas E. sold $8.79M worth of American Express Company (NYSE:AXP) on Monday, December 11. Shares for $304,962 were sold by Zukauckas Linda on Friday, October 27. O’Neill Michael John also sold $4.32 million worth of American Express Company (NYSE:AXP) shares.

Among 34 analysts covering American Express Company (NYSE:AXP), 10 have Buy rating, 4 Sell and 20 Hold. Therefore 29% are positive. American Express Company had 86 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was downgraded by Goldman Sachs to “Neutral” on Wednesday, January 13. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, September 8. Instinet upgraded the stock to “Neutral” rating in Thursday, April 27 report. On Wednesday, April 26 the stock rating was upgraded by Guggenheim to “”. The stock has “Buy” rating by Janney Capital on Thursday, September 17. The firm has “Hold” rating by KeyBanc Capital Markets given on Wednesday, August 23. The stock of American Express Company (NYSE:AXP) has “Buy” rating given on Thursday, October 19 by Bank of America. The firm has “Equal-Weight” rating given on Monday, January 25 by Morgan Stanley. The rating was maintained by Morgan Stanley on Thursday, April 21 with “Equal-Weight”. On Monday, May 1 the stock rating was maintained by Jefferies with “Hold”.

Investors sentiment increased to 0.83 in Q2 2017. Its up 0.01, from 0.82 in 2017Q1. It improved, as 55 investors sold AXP shares while 443 reduced holdings. 104 funds opened positions while 306 raised stakes. 715.61 million shares or 0.88% less from 722.00 million shares in 2017Q1 were reported. Sigma Invest Counselors stated it has 3,490 shares. Drexel Morgan And Com reported 19,145 shares or 1.65% of all its holdings. Farmers Merchants Investments has 410 shares. Aristotle Mgmt Ltd Llc has 17,055 shares. Wfg Advsr Lp holds 0.03% or 1,568 shares. Hutchin Hill LP accumulated 0.03% or 9,500 shares. Gargoyle Invest Advisor Lc stated it has 10,849 shares or 0.36% of all its holdings. Moreover, Auxier Asset has 0.14% invested in American Express Company (NYSE:AXP). Callahan Ltd Llc reported 16,377 shares. Cullen Frost Bankers Inc stated it has 0.93% in American Express Company (NYSE:AXP). Amer Ins Comm Tx reported 0.6% of its portfolio in American Express Company (NYSE:AXP). Glenmede Commerce Na invested in 0.18% or 475,699 shares. 7,030 were accumulated by Community Trust & Investment. Tocqueville Asset Mgmt Ltd Partnership holds 52,479 shares or 0.05% of its portfolio. Jfs Wealth Advsrs Ltd Liability Com has invested 0.02% in American Express Company (NYSE:AXP).

Retirement Systems Of Alabama decreased Wells Fargo Co New (NYSE:WFC) stake by 483,709 shares to 2.59M valued at $143.37M in 2017Q2. It also reduced Dillards Inc (NYSE:DDS) stake by 6,597 shares and now owns 26,031 shares. Phillips 66 (NYSE:PSX) was reduced too.

SunTrust Banks, Inc. operates as the holding firm for SunTrust Bank that provides various financial services for consumers, businesses, firms, and institutions in the United States. The company has market cap of $30.94 billion. It operates through three divisions: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. It has a 16.67 P/E ratio. The Consumer Banking and Private Wealth Management segment provides deposits and payments; home equity and personal credit lines; auto, student, and other lending products; credit cards; discount/online and full-service brokerage products; and professional investment management and trust services, as well as family office solutions.

Investors sentiment decreased to 0.91 in Q2 2017. Its down 0.01, from 0.92 in 2017Q1. It worsened, as 51 investors sold SunTrust Banks, Inc. shares while 249 reduced holdings. 65 funds opened positions while 210 raised stakes. 385.84 million shares or 1.02% less from 389.82 million shares in 2017Q1 were reported. Lee Danner Bass accumulated 0.26% or 40,383 shares. Catawba Cap Mgmt Va invested 0.24% of its portfolio in SunTrust Banks, Inc. (NYSE:STI). Dekabank Deutsche Girozentrale owns 40,028 shares for 0.02% of their portfolio. Huntington Bank holds 0% or 2,809 shares. Loeb Prtn has 0.07% invested in SunTrust Banks, Inc. (NYSE:STI). 9,636 are owned by Everence Mngmt. Eastern Fincl Bank has 0.04% invested in SunTrust Banks, Inc. (NYSE:STI) for 9,940 shares. Chartist Ca, a California-based fund reported 4,330 shares. Massmutual Tru Fsb Adv, a Connecticut-based fund reported 47,726 shares. Livingston Grp Asset Management Communication (Operating As Southport Management) accumulated 6,516 shares. Korea Inv stated it has 717,470 shares or 0.19% of all its holdings. Salem Invest Counselors invested 0.05% in SunTrust Banks, Inc. (NYSE:STI). Highlander Mgmt reported 0.23% in SunTrust Banks, Inc. (NYSE:STI). 9,087 were reported by Boys Arnold And Company. Moreover, Forest Hill Capital Limited Liability Corp has 1.81% invested in SunTrust Banks, Inc. (NYSE:STI).

Since August 14, 2017, it had 0 buys, and 1 insider sale for $46,331 activity. 808 shares were sold by Johnson Susan S, worth $46,331.

The stock increased 1.48% or $0.95 during the last trading session, reaching $65. About 8.29M shares traded or 140.50% up from the average. SunTrust Banks, Inc. (NYSE:STI) has risen 26.82% since December 17, 2016 and is uptrending. It has outperformed by 10.12% the S&P500.

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