1 week Ago By ABMN Staff
Shares of Truist Financial Co. ( NYSE:TFC – Get Free Report ) have received a consensus rating of “Moderate Buy” from the twenty-two ratings firms that are currently covering the firm, MarketBeat reports. Eleven research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company.
The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $45.30. A number of equities analysts have recently commented on the stock.
Wolfe Research raised shares of Truist Financial from an “underperform” rating to a “peer perform” rating in a report on Friday, August 9th. Morgan Stanley lifted their price target on Truist Financial from $46.00 to $51.
00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Robert W. Baird lowered Truist Financial from an “outperform” rating to a “neutral” rating and set a $45.
00 price objective on the stock. in a research report on Wednesday, July 17th. Stephens boosted their target price on Truist Financial from $43.
00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, May 16th. Finally, StockNews.
com cut shares of Truist Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, July 23rd. Read Our Latest Stock Report on TFC Truist Financial Price Performance Truist Financial ( NYSE:TFC – Get Free Report ) last issued its quarterly earnings data on Monday, July 22nd. The insurance provider reported $0.
91 EPS for the quarter, topping the consensus estimate of $0.84 by $0.07.
The company had revenue of $5.02 billion during the quarter, compared to analyst estimates of $4.83 billion.
Truist Financial had a positive return on equity of 9.18% and a negative net margin of 5.63%.
Truist Financial’s revenue was down 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.
95 earnings per share. On average, research analysts forecast that Truist Financial will post 3.55 earnings per share for the current fiscal year.
Truist Financial Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 9th were issued a dividend of $0.52 per share.
The ex-dividend date of this dividend was Friday, August 9th. This represents a $2.08 dividend on an annualized basis and a yield of 4.
95%. Truist Financial’s dividend payout ratio is presently -157.58%.
Insider Buying and Selling at Truist Financial In related news, VP Cynthia B. Powell sold 6,688 shares of Truist Financial stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $44.
14, for a total value of $295,208.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website .
In other news, CEO William H. Rogers, Jr. purchased 57,300 shares of Truist Financial stock in a transaction that occurred on Tuesday, July 23rd.
The shares were bought at an average cost 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website .
Also, VP Cynthia B. Powell sold 6,688 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $44.
14, for a total value of $295,208.32. The disclosure for this sale can be found here .
0.17% of the stock is currently owned by corporate insiders. Institutional Inflows and Outflows A number of large investors have recently bought and sold shares of the business.
Capital International Investors boosted its holdings in Truist Financial by 93.7% in the first quarter. Capital International Investors now owns 11,643,242 shares of the insurance provider’s stock worth $453,854,000 after acquiring an additional 5,632,493 shares in the last quarter.
Legal & General Group Plc boosted its stake in Truist Financial by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 10,338,802 shares of the insurance provider’s stock worth $401,663,000 after purchasing an additional 103,565 shares in the last quarter.
Dimensional Fund Advisors LP grew its position in Truist Financial by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,932,261 shares of the insurance provider’s stock valued at $346,957,000 after purchasing an additional 299,196 shares during the last quarter.
Norges Bank bought a new stake in Truist Financial during the 4th quarter valued at about $307,787,000. Finally, Truist Financial Corp raised its holdings in Truist Financial by 6.7% in the second quarter.
Truist Financial Corp now owns 4,931,783 shares of the insurance provider’s stock worth $191,600,000 after buying an additional 311,523 shares during the last quarter. 71.28% of the stock is owned by hedge funds and other institutional investors.
About Truist Financial ( Get 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.
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