Shares of SunTrust Banks (NYSE:STI) Sees Large Inflow of Net Money Flow

The shares of SunTrust Banks (NYSE:STI) traded with a loss of -0.49 points or -1.14% in the most recent session. The shares last traded at $42.48. As per the trading info, the shares saw $23.83 million in upticks and lost $12.68 million in downticks, resulting in a net money flow of $11.15 million. The up/down ratio for the day was measured at 1.88. For the week, the shares had posted -1.96%.From the block trade data available, the total upticks were valued at $11.62 million and the total downticks were valued at $0 million, thereby putting the up/down ratio at 0. The net money flow for the block transaction was $11.62 million.


Currently the company Insiders own 0.67% of SunTrust Banks shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.12% . Institutional Investors own 81.9% of SunTrust Banks shares. During last six month period, the net percent change held by insiders has seen a change of 0.04%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Corp Ex Vice Pres & CIO) of Suntrust Banks Inc, Cheriyan Anil T had sold 10,000 shares worth of $420,000 in a transaction dated May 2, 2016. In this transaction, 10,000 shares were sold at $42 per share.

SunTrust Banks (NYSE:STI) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.59 points or 1.39% at $41.89 with 3,502,313 shares getting traded. Post opening the session at $42.14, the shares hit an intraday low of $41.85 and an intraday high of $42.675 and the price was in this range throughout the day. The company has a market cap of $20,992 million and the number of outstanding shares have been calculated to be 501,127,620 shares. The 52-week high of SunTrust Banks (NYSE:STI) is $45.84 and the 52-week low is $31.065.

Many analysts have stated their opinion on the company shares. Susquehanna downgrades its rating on SunTrust Banks (NYSE:STI). Analysts at the Susquehanna have a current rating of Neutral on the shares. The shares were previously rated Positive. The rating by the firm was issued on June 7, 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 Companys 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 Companys 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.

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