2 weeks Ago By ABMN Staff
Truist Financial Co. ( NYSE:TFC – Free Report ) – Stock analysts at Zacks Research lifted their Q4 2024 earnings per share estimates for shares of Truist Financial in a research note issued on Tuesday, November 19th. Zacks Research analyst R.
Department now forecasts that the insurance provider will post earnings of $0.87 per share for the quarter, up from their previous estimate of $0.85.
The consensus estimate for Truist Financial’s current full-year earnings is $3.70 per share. Zacks Research also issued estimates for Truist Financial’s Q2 2026 earnings at $1.
08 EPS. A number of other research analysts also recently issued reports on TFC. Wells Fargo & Company boosted their price objective on Truist Financial from $48.
00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Keefe, Bruyette & Woods increased their price target on Truist Financial from $48.
00 to $49.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Compass Point lifted their price objective on shares of Truist Financial from $46.
00 to $47.00 in a research note on Wednesday, October 16th. UBS Group increased their target price on shares of Truist Financial from $47.
00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, Morgan Stanley lifted their price target on shares of Truist Financial from $46.
00 to $51.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock.
Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $46.37. Truist Financial Price Performance TFC stock opened at $47.
96 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.
85 and a debt-to-equity ratio of 0.62. The company’s fifty day simple moving average is $43.
68 and its 200 day simple moving average is $41.53. Truist Financial has a 12-month low of $31.
23 and a 12-month high of $48.06. The firm has a market cap of $63.
67 billion, a price-to-earnings ratio of -33.54, a PEG ratio of 1.92 and a beta of 1.
05. Truist Financial ( NYSE:TFC – Get Free Report ) last released its earnings results on Thursday, October 17th. The insurance provider reported $0.
97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08.
Truist Financial had a negative net margin of 4.89% and a positive return on equity of 9.35%.
The business had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $5.05 billion.
Institutional Trading of Truist Financial A number of hedge funds have recently bought and sold shares of the company. UniSuper Management Pty Ltd increased its stake in Truist Financial by 1,117.2% in the 1st quarter.
UniSuper Management Pty Ltd now owns 23,552 shares of the insurance provider’s stock worth $918,000 after purchasing an additional 21,617 shares during the period. Crewe Advisors LLC bought a new stake in Truist Financial during the 1st quarter valued at $27,000. EntryPoint Capital LLC purchased a new stake in Truist Financial during the 1st quarter valued at $110,000.
CreativeOne Wealth LLC bought a new stake in Truist Financial in the 1st quarter worth $516,000. Finally, Capital International Inc. CA increased its position in shares of Truist Financial by 23.
5% in the first quarter. Capital International Inc. CA now owns 67,811 shares of the insurance provider’s stock valued at $2,643,000 after acquiring an additional 12,899 shares during the period.
Institutional investors own 71.28% of the company’s stock. Truist Financial Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd.
Shareholders of record on Friday, November 8th will be paid a dividend of $0.52 per share. This represents a $2.
08 annualized dividend and a yield of 4.34%. The ex-dividend date is Friday, November 8th.
Truist Financial’s dividend payout ratio (DPR) is currently -145.45%. 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. Featured Stories Receive News & Ratings for Truist Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Truist Financial and related companies with MarketBeat.
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