2 weeks Ago By Defense World Staff
Truist Financial Co. ( NYSE:TFC – Get Free Report ) has been assigned a consensus rating of “Moderate Buy” from the twenty-two research firms that are presently covering the company, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company.
The average 12 month price objective among analysts that have issued a report on the stock in the last year is $45.45. A number of analysts recently commented on TFC shares.
The Goldman Sachs Group boosted their target price on shares of Truist Financial from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd.
Morgan Stanley increased their price objective on Truist Financial from $46.00 to $51.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th.
Argus lifted their target price on Truist Financial from $44.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd.
Baird R W downgraded Truist Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Bank of America lifted their price target on Truist Financial from $45.00 to $50.
00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Check Out Our Latest Research Report on Truist Financial Truist Financial Stock Performance 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, beating the consensus estimate 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 business had revenue of $5.02 billion during the quarter, compared to analyst estimates of $4.83 billion.
During the same quarter in the prior year, the firm posted $0.95 earnings per share. The company’s revenue was down 15.
9% on a year-over-year basis. Research analysts predict that Truist Financial will post 3.55 EPS for the current fiscal year.
Truist Financial Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th were given a $0.52 dividend.
This represents a $2.08 annualized dividend and a yield of 4.89%.
The ex-dividend date was Friday, August 9th. Truist Financial’s dividend payout ratio is -157.58%.
Insider Activity In other news, VP Cynthia B. Powell sold 6,688 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was 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 at the SEC website .
In other news, VP Cynthia B. Powell sold 6,688 shares of the business’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink .
Also, 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 purchased at an average cost of $43.96 per share, with a total value of $2,518,908.00.
Following the completion of the acquisition, the chief executive officer now owns 569,271 shares in the company, valued at approximately $25,025,153.16. The disclosure for this purchase can be found here .
0.17% of the stock is owned by insiders. Institutional Investors Weigh In On Truist Financial Several hedge funds and other institutional investors have recently modified their holdings of TFC.
Capital International Investors increased its holdings in shares of Truist Financial by 93.7% during the 1st quarter. Capital International Investors now owns 11,643,242 shares of the insurance provider’s stock worth $453,854,000 after purchasing an additional 5,632,493 shares during the period.
Azora Capital LP acquired a new position in Truist Financial in the 4th quarter valued at approximately $72,498,000. Jennison Associates LLC lifted its position in shares of Truist Financial by 48.9% in the 1st quarter.
Jennison Associates LLC now owns 3,840,374 shares of the insurance provider’s stock worth $149,698,000 after acquiring an additional 1,261,598 shares during the period. Morningstar Investment Services LLC grew its holdings in shares of Truist Financial by 94.5% during the 4th quarter.
Morningstar Investment Services LLC now owns 1,753,129 shares of the insurance provider’s stock worth $65,374,000 after purchasing an additional 851,725 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Truist Financial by 44.4% during the first quarter.
Nordea Investment Management AB now owns 2,712,848 shares of the insurance provider’s stock valued at $105,353,000 after purchasing an additional 834,048 shares during the period. Institutional investors and hedge funds own 71.28% of the company’s stock.
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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