Veritas Asset Management Llp Position in Express Scripts Holding Co (ESRX) Lifted by $29.00 Million as Stock Declined; Chartist Has Decreased Its Suntrust Banks (STI) Holding by $2.81 Million

January 13, 2018 - By Vivian Park

Veritas Asset Management Llp increased its stake in Express Scripts Holding Co (ESRX) by 5.62% based on its latest 2017Q3 regulatory filing with the SEC. Veritas Asset Management Llp bought 460,338 shares as the company’s stock declined 14.09% while stock markets rallied. The institutional investor held 8.65 million shares of the medical and nursing services company at the end of 2017Q3, valued at $547.90 million, up from 8.19 million at the end of the previous reported quarter. Veritas Asset Management Llp who had been investing in Express Scripts Holding Co for a number of months, seems to be bullish on the $45.80B market cap company. The stock increased 0.97% or $0.78 during the last trading session, reaching $80.87. About 3.16 million shares traded. Express Scripts Holding Company (NASDAQ:ESRX) has declined 16.92% since January 13, 2017 and is downtrending. It has underperformed by 33.62% the S&P500.

Chartist Inc decreased its stake in Suntrust Banks Inc (STI) by 1.09% based on its latest 2017Q3 regulatory filing with the SEC. Chartist Inc sold 47 shares as the company’s stock declined 9.30% while stock markets rallied. The institutional investor held 4,283 shares of the finance company at the end of 2017Q3, valued at $255.97 million, down from 4,330 at the end of the previous reported quarter. Chartist Inc who had been investing in Suntrust Banks Inc for a number of months, seems to be less bullish one the $32.79B market cap company. The stock increased 1.52% or $1.03 during the last trading session, reaching $68.89. About 4.51M shares traded or 22.06% up from the average. SunTrust Banks, Inc. (NYSE:STI) has risen 26.82% since January 13, 2017 and is uptrending. It has outperformed by 10.12% the S&P500.

Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.01, from 0.92 in 2017Q2. It turned negative, 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. Wunderlich Managemnt owns 0.86% invested in SunTrust Banks, Inc. (NYSE:STI) for 19,383 shares. First Mercantile Trust invested 0.24% in SunTrust Banks, Inc. (NYSE:STI). Catawba Cap Management Va holds 18,098 shares. Tiedemann Wealth Mgmt Limited Liability reported 26,961 shares stake. Michigan-based Ls Invest Limited Liability Company has invested 0.08% in SunTrust Banks, Inc. (NYSE:STI). Glg Ltd Com, a New York-based fund reported 44,449 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt System owns 39,032 shares for 0.03% of their portfolio. Manning Napier Advisors Limited Company holds 11,395 shares. Thompson Inv Mgmt Incorporated has 20,656 shares. Cambridge Invest Advisors accumulated 17,877 shares. Whalerock Point Prns Ltd Liability Corp holds 6,525 shares. Moreover, Brown Advisory has 0.07% invested in SunTrust Banks, Inc. (NYSE:STI) for 375,056 shares. Dimensional Fund Advsrs LP stated it has 3.28M shares. Levin Strategies Limited Partnership has invested 0.05% of its portfolio in SunTrust Banks, Inc. (NYSE:STI). Bnp Paribas Asset Mngmt Hldgs Sa owns 119,057 shares for 0.06% of their portfolio.

Analysts await SunTrust Banks, Inc. (NYSE:STI) to report earnings on January, 19 before the open. They expect $1.05 EPS, up 16.67% or $0.15 from last year’s $0.9 per share. STI’s profit will be $499.84M for 16.40 P/E if the $1.05 EPS becomes a reality. After $1.06 actual EPS reported by SunTrust Banks, Inc. for the previous quarter, Wall Street now forecasts -0.94% negative EPS growth.

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

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 102 analyst reports since July 20, 2015 according to SRatingsIntel. Morgan Stanley downgraded SunTrust Banks, Inc. (NYSE:STI) on Monday, November 14 to “Underweight” rating. Wells Fargo downgraded the stock to “Market Perform” rating in Friday, November 18 report. The stock has “Underweight” rating by Morgan Stanley on Tuesday, July 25. Bank of America upgraded the stock to “Buy” rating in Tuesday, January 12 report. The firm earned “Buy” rating on Sunday, August 27 by Piper Jaffray. The stock of SunTrust Banks, Inc. (NYSE:STI) has “Buy” rating given on Monday, April 3 by Jefferies. The stock has “Neutral” rating by Macquarie Research on Tuesday, October 20. The rating was maintained by Barclays Capital with “Equal Weight” on Tuesday, January 3. The stock has “Neutral” rating by Citigroup on Monday, October 9. Zacks upgraded it to “Buy” rating and $43 target in Monday, September 7 report.

Veritas Asset Management Llp, which manages about $12.23 billion US Long portfolio, decreased its stake in Baxter International Inc (NYSE:BAX) by 83,900 shares to 10.10 million shares, valued at $633.47 million in 2017Q3, according to the filing. It also reduced its holding in Waters Corp (NYSE:WAT) by 23,500 shares in the quarter, leaving it with 2.37M shares, and cut its stake in Oracle Corp (NYSE:ORCL).

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