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 3, 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 2, 2016, Thomas E Freeman (Corp. EVP & Chief Credit Off.) sold 160,555 shares at $0.00 per share price.On Apr 29, 2016, Thomas E Panther (SVP, Controller, CAO) sold 9,933 shares at $0.00 per share price.Also, On Apr 28, 2016, Aleem Gillani (Corp. Exex. Vice Pres and CFO) sold 23,664 shares at $42.49 per share price.On Apr 27, 2016, Kenneth J Carrig (CEVP & Chief HR Officer) sold 30,000 shares at $0.00 per share price.
SunTrust Banks: On Monday, May 2, 2016 heightened volatility was witnessed in SunTrust Banks which led to swings in the share price. The shares opened for trading at $42.05 and hit $42.23 on the upside , eventually ending the session at $42.13, with a gain of 0.93% or 0.39 points. The heightened volatility saw the trading volume jump to 47,09,777 shares. The 52-week high of the share price is $45.84 and the company has a market cap of $21,276 M . The 52-week low of the share price is at $31.065.
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.