Suntrust Banks Inc (STI) Files Form 4 Insider Selling : Anil T Cheriyan Sells 10,000 Shares

Suntrust Banks Inc (STI): Anil T Cheriyan , Corp Ex Vice Pres & CIO of Suntrust Banks Inc sold 10,000 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 5, 2016 to the Securities and Exchange Commission. The shares were sold at $42.00 per share for a total value of $420,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 3, 2016, Anil T Cheriyan (Corp Ex Vice Pres & CIO) sold 10,000 shares at $42.00 per share price.On May 2, 2016, Thomas E Freeman (Corp. EVP & Chief Credit Off.) sold 160,555 shares at $0.00 per share price.Also, On Apr 29, 2016, Thomas E Panther (SVP, Controller, CAO) sold 9,933 shares at $0.00 per share price.On Apr 28, 2016, Aleem Gillani (Corp. Exex. Vice Pres and CFO) sold 23,664 shares at $42.49 per share price.

Shares of SunTrust Banks (STI) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.79 points or -1.91% at $40.64 with 45,72,468 shares getting traded. Post opening the session at $40.81, the shares hit an intraday low of $40.235 and an intraday high of $41.33 and the price vacillated in this range throughout the day. The company has a market cap of $20,523 M and the number of outstanding shares has been calculated to be 50,49,98,350 shares. The 52-week high of SunTrust Banks is $45.84 and the 52-week low is $31.065.

SunTrust Banks Money Flow Index Chart

Company has been under the radar of several Street Analysts.SunTrust Banks is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 44 from a previous price target of $42 .The Rating was issued on Apr 25, 2016.SunTrust Banks is Upgraded by Raymond James to Outperform. Earlier the firm had a rating of Mkt Perform on the company shares. The Rating was issued on Apr 22, 2016.SunTrust Banks is Reiterated by Compass Point to Buy while Lowering the Price Target of the company shares to $ 45 from a previous price target of $50 . The Rating was issued on Apr 11, 2016.

Suntrust Banks Inc. is a bank holding company and a financial holding company. Through its principal subsidiary SunTrust Bank the Company offers a line of financial services for consumers and businesses including deposit credit mortgage banking and trust and investment services. The Company’s other subsidiaries provide asset and wealth management securities brokerage and capital market services. SunTrust operates the following business segments: Consumer Banking and Private Wealth Management Wholesale Banking and Mortgage Banking. It also operates a Corporate Other segment which includes the management of the Company’s investment securities portfolio long-term debt end-user derivative instruments short-term liquidity and funding activities balance sheet risk management and most real estate assets. SunTrust operates primarily within Florida Georgia Maryland North Carolina South Carolina Tennessee Virginia and the District of Columbia.

Leave a Reply

SunTrust Banks - Is it time to Sell?

Top Brokerage Firms are advising their investors on SunTrust Banks. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.