12. RESPONSIBLE CONSUMPTION AND PRODUCTION

174,839 Shares in Truist Financial Co. (NYSE:TFC) Acquired by QRG Capital Management Inc.

Written by Amanda

QRG Capital Management Inc. acquired a new position in shares of Truist Financial Co. (NYSE:TFCFree Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 174,839 shares of the insurance provider’s stock, valued at approximately $5,002,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Fairfield Bush & CO. bought a new stake in shares of Truist Financial during the 1st quarter worth $25,000. OFI Invest Asset Management bought a new stake in shares of Truist Financial during the 3rd quarter worth $26,000. JFS Wealth Advisors LLC lifted its position in shares of Truist Financial by 617.0% during the 2nd 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 last quarter. Quarry LP bought a new stake in shares of Truist Financial during the 1st quarter worth $32,000. Finally, Union Savings Bank bought a new position in Truist Financial in the second quarter valued at about $36,000. 71.11% of the stock is currently owned by institutional investors.

Truist Financial Stock Performance

NYSE TFC opened at $36.10 on Friday. The business has a 50 day simple moving average of $36.66 and a 200 day simple moving average of $32.25. Truist Financial Co. has a one year low of $25.56 and a one year high of $48.53. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.74.

Truist Financial (NYSE:TFCGet Free Report) last released its earnings results on Thursday, January 18th. The insurance provider reported $0.81 EPS for the quarter, topping 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 business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.70 billion. During the same quarter last year, the firm posted $1.30 earnings per share. On average, sell-side analysts anticipate that Truist Financial Co. will post 3.39 earnings per share for the current fiscal year.

Truist Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 9th will be paid a $0.52 dividend. The ex-dividend date is Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 5.76%. Truist Financial’s dividend payout ratio (DPR) is presently -192.59%.

Wall Street Analysts Forecast Growth

Several research firms have commented on TFC. Piper Sandler increased their target price on Truist Financial from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, January 19th. TheStreet upgraded Truist Financial from a “c+” rating to a “b-” rating in a research report on Tuesday, January 9th. 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. StockNews.com upgraded Truist Financial from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Raymond James increased their target price on Truist Financial from $34.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.87.

View Our Latest Analysis on Truist Financial

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 Articles

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

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QRG Capital Management Inc. acquired a new position in shares of Truist Financial Co. (NYSE:TFCFree Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 174,839 shares of the insurance provider’s stock, valued at approximately $5,002,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Fairfield Bush & CO. bought a new stake in shares of Truist Financial during the 1st quarter worth $25,000. OFI Invest Asset Management bought a new stake in shares of Truist Financial during the 3rd quarter worth $26,000. JFS Wealth Advisors LLC lifted its position in shares of Truist Financial by 617.0% during the 2nd 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 last quarter. Quarry LP bought a new stake in shares of Truist Financial during the 1st quarter worth $32,000. Finally, Union Savings Bank bought a new position in Truist Financial in the second quarter valued at about $36,000. 71.11% of the stock is currently owned by institutional investors.

Truist Financial Stock Performance

NYSE TFC opened at $36.10 on Friday. The business has a 50 day simple moving average of $36.66 and a 200 day simple moving average of $32.25. Truist Financial Co. has a one year low of $25.56 and a one year high of $48.53. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.74.

Truist Financial (NYSE:TFCGet Free Report) last released its earnings results on Thursday, January 18th. The insurance provider reported $0.81 EPS for the quarter, topping 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 business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.70 billion. During the same quarter last year, the firm posted $1.30 earnings per share. On average, sell-side analysts anticipate that Truist Financial Co. will post 3.39 earnings per share for the current fiscal year.

Truist Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 9th will be paid a $0.52 dividend. The ex-dividend date is Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 5.76%. Truist Financial’s dividend payout ratio (DPR) is presently -192.59%.

Wall Street Analysts Forecast Growth

Several research firms have commented on TFC. Piper Sandler increased their target price on Truist Financial from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, January 19th. TheStreet upgraded Truist Financial from a “c+” rating to a “b-” rating in a research report on Tuesday, January 9th. 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. StockNews.com upgraded Truist Financial from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Raymond James increased their target price on Truist Financial from $34.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.87.

View Our Latest Analysis on Truist Financial

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 Articles

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

(Almost) Everything You Need To Know About The EV Market Cover

Click the link below and we’ll send you MarketBeat’s guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.

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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