SunTrust Banks Inc. (NYSE:STI) insider Anil T. Cheriyan sold 8,000 shares of SunTrust Banks stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $52.15, for a total transaction of $417,200.00. Following the completion of the sale, the insider now owns 81,203 shares in the company, valued at $4,234,736.45. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of SunTrust Banks Inc. (NYSE:STI) traded down 0.19% during mid-day trading on Wednesday, hitting $51.98. 424,113 shares of the stock were exchanged. The company has a market capitalization of $25.78 billion, a PE ratio of 14.40 and a beta of 1.36. The firm has a 50-day moving average price of $47.01 and a 200 day moving average price of $43.70. SunTrust Banks Inc. has a 12-month low of $31.07 and a 12-month high of $52.65.

SunTrust Banks (NYSE:STI) last announced its quarterly earnings results on Friday, October 21st. The financial services provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The company earned $2.20 billion during the quarter, compared to analysts’ expectations of $2.15 billion. SunTrust Banks had a return on equity of 8.18% and a net margin of 21.12%. SunTrust Banks’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 EPS. On average, equities research analysts expect that SunTrust Banks Inc. will post $3.56 earnings per share for the current year.

Insider Buying and Selling by Quarter for SunTrust Banks (NYSE:STI)

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Monday, November 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.00%. SunTrust Banks’s dividend payout ratio (DPR) is presently 28.89%.

Several hedge funds have recently made changes to their positions in STI. Global X Management Co. LLC boosted its stake in SunTrust Banks by 121.2% in the third quarter. Global X Management Co. LLC now owns 2,787 shares of the financial services provider’s stock worth $122,000 after buying an additional 1,527 shares during the last quarter. TLP Group LLC acquired a new stake in SunTrust Banks during the third quarter worth about $128,000. MSI Financial Services Inc boosted its stake in SunTrust Banks by 66.2% in the third quarter. MSI Financial Services Inc now owns 3,010 shares of the financial services provider’s stock worth $132,000 after buying an additional 1,199 shares during the last quarter. AXA acquired a new stake in SunTrust Banks during the second quarter worth about $127,000. Finally, Amica Retiree Medical Trust acquired a new stake in SunTrust Banks during the second quarter worth about $129,000. 83.93% of the stock is owned by institutional investors.

Several analysts recently weighed in on STI shares. lifted their price objective on shares of SunTrust Banks from $52.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, September 23rd. Zacks Investment Research raised shares of SunTrust Banks from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Wednesday, September 21st. Deutsche Bank AG reissued a “buy” rating and set a $43.00 target price on shares of SunTrust Banks in a research note on Thursday, August 18th. FBR & Co set a $49.00 target price on shares of SunTrust Banks and gave the company a “buy” rating in a research note on Monday, October 24th. Finally, Compass Point raised their target price on shares of SunTrust Banks from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, July 26th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. SunTrust Banks has a consensus rating of “Hold” and a consensus target price of $46.13.

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SunTrust Banks Company Profile

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.

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