8. DECENT WORK AND ECONOMIC GROWTH

Intact Investment Management Inc. Boosts Position in Truist Financial Co. (NYSE:TFC)

Written by Amanda

Intact Investment Management Inc. increased its holdings in shares of Truist Financial Co. (NYSE:TFCFree Report) by 7.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 217,500 shares of the insurance provider’s stock after purchasing an additional 16,000 shares during the quarter. Intact Investment Management Inc.’s holdings in Truist Financial were worth $6,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Fairfield Bush & CO. bought a new position in Truist Financial in the first quarter valued at about $25,000. Quarry LP bought a new position in shares of Truist Financial in the first quarter worth about $32,000. OFI Invest Asset Management bought a new position in shares of Truist Financial in the third quarter worth about $26,000. JFS Wealth Advisors LLC raised its stake in shares of Truist Financial by 617.0% in the second quarter. JFS Wealth Advisors LLC now owns 968 shares of the insurance provider’s stock worth $29,000 after buying an additional 833 shares during the period. Finally, Union Savings Bank bought a new position in shares of Truist Financial in the second quarter worth about $36,000. Institutional investors own 71.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TFC shares. Barclays raised their price objective on Truist Financial from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. UBS Group increased their target price on Truist Financial from $37.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Keefe, Bruyette & Woods increased their target price on Truist Financial from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. Odeon Capital Group upgraded Truist Financial from a “hold” rating to a “buy” rating and set a $40.45 target price for the company in a research report on Thursday, December 14th. Finally, Raymond James increased their target price on Truist Financial from $34.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Truist Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.87.

Check Out Our Latest Analysis on TFC

Truist Financial Trading Down 0.6 %

Shares of NYSE TFC traded down $0.23 during trading hours on Friday, hitting $36.10. 7,832,207 shares of the company traded hands, compared to its average volume of 10,641,701. The stock has a market capitalization of $48.15 billion, a price-to-earnings ratio of -33.43, a price-to-earnings-growth ratio of 1.53 and a beta of 1.09. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.74. The company’s 50 day moving average price is $36.66 and its 200 day moving average price is $32.26. Truist Financial Co. has a 12 month low of $25.56 and a 12 month high of $48.53.

Truist Financial (NYSE:TFCGet Free Report) last released its earnings results on Thursday, January 18th. The insurance provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.13. Truist Financial had a positive return on equity of 9.64% and a negative net margin of 3.28%. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the previous year, the company posted $1.30 EPS. On average, equities research analysts anticipate that Truist Financial Co. will post 3.39 earnings per share for the current fiscal year.

Truist Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 9th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date of this dividend is Thursday, February 8th. Truist Financial’s payout ratio is currently -192.59%.

About Truist Financial

(Free Report)

Truist Financial Corporation, a holding 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

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. (NYSE:TFCFree Report).

Institutional Ownership by Quarter for Truist Financial (NYSE:TFC)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Truist Financial, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Truist Financial wasn’t on the list.

While Truist Financial currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

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Source: marketbeat.com

Intact Investment Management Inc. increased its holdings in shares of Truist Financial Co. (NYSE:TFCFree Report) by 7.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 217,500 shares of the insurance provider’s stock after purchasing an additional 16,000 shares during the quarter. Intact Investment Management Inc.’s holdings in Truist Financial were worth $6,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Fairfield Bush & CO. bought a new position in Truist Financial in the first quarter valued at about $25,000. Quarry LP bought a new position in shares of Truist Financial in the first quarter worth about $32,000. OFI Invest Asset Management bought a new position in shares of Truist Financial in the third quarter worth about $26,000. JFS Wealth Advisors LLC raised its stake in shares of Truist Financial by 617.0% in the second quarter. JFS Wealth Advisors LLC now owns 968 shares of the insurance provider’s stock worth $29,000 after buying an additional 833 shares during the period. Finally, Union Savings Bank bought a new position in shares of Truist Financial in the second quarter worth about $36,000. Institutional investors own 71.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TFC shares. Barclays raised their price objective on Truist Financial from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. UBS Group increased their target price on Truist Financial from $37.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Keefe, Bruyette & Woods increased their target price on Truist Financial from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. Odeon Capital Group upgraded Truist Financial from a “hold” rating to a “buy” rating and set a $40.45 target price for the company in a research report on Thursday, December 14th. Finally, Raymond James increased their target price on Truist Financial from $34.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Truist Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.87.

Check Out Our Latest Analysis on TFC

Truist Financial Trading Down 0.6 %

Shares of NYSE TFC traded down $0.23 during trading hours on Friday, hitting $36.10. 7,832,207 shares of the company traded hands, compared to its average volume of 10,641,701. The stock has a market capitalization of $48.15 billion, a price-to-earnings ratio of -33.43, a price-to-earnings-growth ratio of 1.53 and a beta of 1.09. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.74. The company’s 50 day moving average price is $36.66 and its 200 day moving average price is $32.26. Truist Financial Co. has a 12 month low of $25.56 and a 12 month high of $48.53.

Truist Financial (NYSE:TFCGet Free Report) last released its earnings results on Thursday, January 18th. The insurance provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.13. Truist Financial had a positive return on equity of 9.64% and a negative net margin of 3.28%. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the previous year, the company posted $1.30 EPS. On average, equities research analysts anticipate that Truist Financial Co. will post 3.39 earnings per share for the current fiscal year.

Truist Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 9th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date of this dividend is Thursday, February 8th. Truist Financial’s payout ratio is currently -192.59%.

About Truist Financial

(Free Report)

Truist Financial Corporation, a holding 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

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. (NYSE:TFCFree Report).

Institutional Ownership by Quarter for Truist Financial (NYSE:TFC)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Truist Financial, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Truist Financial wasn’t on the list.

While Truist Financial currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

12 Stocks Corporate Insiders are Abandoning Cover

If a company’s CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

Source: marketbeat.com

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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