2 days Ago By Defense World Staff
Acadian Asset Management LLC bought a new position in Truist Financial Co. ( NYSE:TFC – Free Report ) in the second quarter, according to its most recent filing with the SEC. The firm bought 28,636 shares of the insurance provider’s stock, valued at approximately $1,111,000.
Several other large investors also recently bought and sold shares of TFC. Parnassus Investments LLC purchased a new position in shares of Truist Financial in the fourth quarter worth about $95,049,000. Rafferty Asset Management LLC raised its position in Truist Financial by 47.
7% during the 4th quarter. Rafferty Asset Management LLC now owns 1,185,259 shares of the insurance provider’s stock worth $43,760,000 after buying an additional 382,976 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in Truist Financial by 4.
1% during the 4th quarter. Treasurer of the State of North Carolina now owns 624,320 shares of the insurance provider’s stock valued at $23,050,000 after acquiring an additional 24,535 shares during the period. Norden Group LLC purchased a new stake in shares of Truist Financial in the 1st quarter valued at $2,351,000.
Finally, Nordea Investment Management AB increased its stake in shares of Truist Financial by 44.4% in the first quarter. Nordea Investment Management AB now owns 2,712,848 shares of the insurance provider’s stock worth $105,353,000 after acquiring an additional 834,048 shares during the period.
Hedge funds and other institutional investors own 71.28% of the company’s stock. Insider Transactions at Truist Financial In other Truist Financial news, VP Cynthia B.
Powell sold 6,688 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $44.14, for a total transaction of $295,208.
32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website . In related news, CEO William H.
Rogers, Jr. acquired 57,300 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were acquired at an average price of $43.
96 per share, with a total value of $2,518,908.00. Following the completion of the purchase, the chief executive officer now directly owns 569,271 shares in the company, valued at $25,025,153.
16. The purchase was disclosed in a document filed with the SEC, which is available through this link . Also, VP Cynthia B.
Powell sold 6,688 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $44.14, for a total transaction of $295,208.
32. The disclosure for this sale can be found here . Corporate insiders own 0.
17% of the company’s stock. Wall Street Analysts Forecast Growth Check Out Our Latest Stock Report on TFC Truist Financial Stock Performance NYSE:TFC opened at $42.12 on Tuesday.
Truist Financial Co. has a 52 week low of $26.57 and a 52 week high of $45.
31. The company has a market cap of $56.40 billion, a price-to-earnings ratio of -31.
91, a price-to-earnings-growth ratio of 1.95 and a beta of 1.06.
The company has a fifty day simple moving average of $42.61 and a two-hundred day simple moving average of $39.39.
The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.
61. Truist Financial ( NYSE:TFC – Get Free Report ) last announced its quarterly earnings data on Monday, July 22nd. The insurance provider reported $0.
91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.07.
Truist Financial had a positive return on equity of 9.18% and a negative net margin of 5.63%.
The firm had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.83 billion.
During the same quarter in the prior year, the company posted $0.95 earnings per share. Truist Financial’s quarterly revenue was down 15.
9% on a year-over-year basis. As a group, equities analysts anticipate that Truist Financial Co. will post 3.
55 earnings per share for the current fiscal year. Truist Financial Announces Dividend The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th were given a $0.
52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.
94%. The ex-dividend date was Friday, August 9th. Truist Financial’s dividend payout ratio is currently -157.
58%. Truist Financial Company Profile ( Free Report ) Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings.
Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts. See Also Five stocks we like better than Truist Financial What is the FTSE 100 index? Palo Alto Analysts Drive it to New Highs: 50% Upside Is Possible Investing in the High PE Growth Stocks Roblox’s Growth Beyond Kids: Stock Set for Major Moves Roth IRA Calculator: Calculate Your Potential Returns 5 Oversold Stocks to Buy Right Now Want to see what other hedge funds are holding TFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Truist Financial Co.
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