Mfs Inter Income Tr (MIN) Holder Karpus Management Has Decreased Holding as Valuation Declined; Suntrust Banks (STI) Shareholder Roosevelt Investment Group Has Decreased Its Position

February 15, 2018 - By Nellie Frank

Roosevelt Investment Group Inc decreased its stake in Suntrust Banks Inc (STI) by 5.43% based on its latest 2017Q3 regulatory filing with the SEC. Roosevelt Investment Group Inc sold 19,020 shares as the company’s stock declined 9.30% while stock markets rallied. The institutional investor held 331,058 shares of the finance company at the end of 2017Q3, valued at $19.79 million, down from 350,078 at the end of the previous reported quarter. Roosevelt Investment Group Inc who had been investing in Suntrust Banks Inc for a number of months, seems to be less bullish one the $33.07B market cap company. The stock increased 0.21% or $0.15 during the last trading session, reaching $70.22. About 718,327 shares traded. SunTrust Banks, Inc. (NYSE:STI) has risen 26.82% since February 15, 2017 and is uptrending. It has outperformed by 10.12% the S&P500.

Karpus Management Inc decreased its stake in Mfs Inter Income Tr (MIN) by 34.03% based on its latest 2017Q3 regulatory filing with the SEC. Karpus Management Inc sold 1.93 million shares as the company’s stock declined 0.46% while stock markets rallied. The institutional investor held 3.74 million shares of the company at the end of 2017Q3, valued at $16.02M, down from 5.67M at the end of the previous reported quarter. Karpus Management Inc who had been investing in Mfs Inter Income Tr for a number of months, seems to be less bullish one the $464.92M market cap company. The stock decreased 0.28% or $0.0111 during the last trading session, reaching $3.9489. About 56,510 shares traded. MFS Intermediate Income Trust (NYSE:MIN) has declined 4.44% since February 15, 2017 and is downtrending. It has underperformed by 21.14% the S&P500.




Roosevelt Investment Group Inc, which manages about $2.79B and $1.09B US Long portfolio, upped its stake in Dte Energy Co 6 12/15/76 Pfd by 47,725 shares to 203,850 shares, valued at $5.58M in 2017Q3, according to the filing. It also increased its holding in State Street Corp 6.0 Pfd by 52,725 shares in the quarter, for a total of 88,275 shares, and has risen its stake in Microsoft Corp (NASDAQ:MSFT).

Investors sentiment decreased to 0.91 in 2017 Q3. 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. Motco holds 0% of its portfolio in SunTrust Banks, Inc. (NYSE:STI) for 30 shares. Savings Bank Of The West reported 27,612 shares or 0.21% of all its holdings. Moreover, Salem Inv Counselors has 0.06% invested in SunTrust Banks, Inc. (NYSE:STI). Price T Rowe Assoc Md reported 947,620 shares. Neuberger Berman Grp Ltd Liability Com has invested 0.01% in SunTrust Banks, Inc. (NYSE:STI). Moreover, Jacobus Wealth Management has 0.05% invested in SunTrust Banks, Inc. (NYSE:STI). Wells Fargo Mn holds 0.04% or 2.08 million shares. Breton Hill Capital reported 17,346 shares or 0.19% of all its holdings. 4,490 were reported by Oxbow Advsrs Ltd Liability. Boston Advsr Limited Liability Company holds 0.3% of its portfolio in SunTrust Banks, Inc. (NYSE:STI) for 224,429 shares. Davenport & Limited Com reported 0.04% in SunTrust Banks, Inc. (NYSE:STI). Marshwinds Advisory, Georgia-based fund reported 4,153 shares. Martingale Asset Management Limited Partnership owns 193,850 shares. Pittenger And Anderson accumulated 500 shares. Quantitative Investment Management Limited Liability Co reported 0.09% stake.

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. BMO Capital Markets maintained SunTrust Banks, Inc. (NYSE:STI) on Monday, October 19 with “Market Perform” rating. The rating was maintained by RBC Capital Markets on Friday, October 20 with “Buy”. The firm earned “Neutral” rating on Thursday, August 20 by Sterne Agee CRT. Nomura maintained SunTrust Banks, Inc. (NYSE:STI) rating on Thursday, September 28. Nomura has “Neutral” rating and $63 target. Susquehanna maintained the shares of STI in report on Friday, January 19 with “Hold” rating. BMO Capital Markets maintained SunTrust Banks, Inc. (NYSE:STI) on Tuesday, October 3 with “Hold” rating. The firm has “Hold” rating given on Monday, October 23 by Sandler O’Neill. The stock of SunTrust Banks, Inc. (NYSE:STI) earned “Buy” rating by Piper Jaffray on Monday, October 23. Zacks upgraded it to “Buy” rating and $43 target in Monday, September 7 report. FBR Capital maintained SunTrust Banks, Inc. (NYSE:STI) rating on Monday, January 22. FBR Capital has “Hold” rating and $70.0 target.

Since August 14, 2017, it had 0 insider purchases, and 1 sale for $507,911 activity. Johnson Susan S sold 808 shares worth $46,331.

Investors sentiment decreased to 0.92 in 2017 Q3. Its down 0.12, from 1.04 in 2017Q2. It dropped, as 8 investors sold MIN shares while 16 reduced holdings. 7 funds opened positions while 15 raised stakes. 34.22 million shares or 5.04% less from 36.04 million shares in 2017Q2 were reported. Citigroup has 0% invested in MFS Intermediate Income Trust (NYSE:MIN) for 6,150 shares. Dixon Hubard Feinour And Brown Inc Va holds 125,300 shares. 445,259 were accumulated by Thrivent For Lutherans. Commercial Bank Of America Corporation De stated it has 0% in MFS Intermediate Income Trust (NYSE:MIN). Greatmark Investment Prtn Inc has 31,769 shares. Karpus Mngmt owns 3.74M shares for 0.83% of their portfolio. Invest Management Grp stated it has 297,035 shares or 0.42% of all its holdings. Lpl Finance Ltd Limited Liability Company invested 0% in MFS Intermediate Income Trust (NYSE:MIN). Advisory Network Ltd Liability stated it has 3,500 shares. Moreover, Stifel Fincl Corporation has 0% invested in MFS Intermediate Income Trust (NYSE:MIN) for 45,770 shares. Ameriprise Inc reported 0% in MFS Intermediate Income Trust (NYSE:MIN). Provise Management Group Ltd Liability holds 37,940 shares or 0.02% of its portfolio. Fifth Third Bank & Trust has 621 shares. Ancora Ltd owns 0.12% invested in MFS Intermediate Income Trust (NYSE:MIN) for 472,975 shares. Raymond James Na holds 10,300 shares or 0% of its portfolio.

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