12. RESPONSIBLE CONSUMPTION AND PRODUCTION

Truist Financial Co. (NYSE:TFC) Given Average Recommendation of “Moderate Buy” by Brokerages

Written by Amanda

Shares of Truist Financial Co. (NYSE:TFCGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the nineteen research firms that are presently covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $39.87.

TFC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upped their price target on Truist Financial from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. TheStreet raised Truist Financial from a “c+” rating to a “b-” rating in a research report on Tuesday, January 9th. Royal Bank of Canada upped their price target on Truist Financial from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. Evercore ISI increased their target price on Truist Financial from $31.00 to $33.00 and gave the stock an “in-line” rating in a research report on Monday, November 20th. Finally, 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.

Check Out Our Latest Stock Report on Truist Financial

Hedge Funds Weigh In On Truist Financial

Institutional investors have recently bought and sold shares of the stock. Keybank National Association OH increased its holdings in shares of Truist Financial by 1.1% in the second quarter. Keybank National Association OH now owns 116,752 shares of the insurance provider’s stock worth $3,543,000 after purchasing an additional 1,289 shares during the last quarter. Douglas Lane & Associates LLC grew its position in Truist Financial by 6.3% in the third quarter. Douglas Lane & Associates LLC now owns 1,544,537 shares of the insurance provider’s stock worth $44,189,000 after acquiring an additional 91,579 shares in the last quarter. Loudon Investment Management LLC grew its position in Truist Financial by 18.5% in the third quarter. Loudon Investment Management LLC now owns 131,398 shares of the insurance provider’s stock worth $3,759,000 after acquiring an additional 20,490 shares in the last quarter. Van ECK Associates Corp grew its position in Truist Financial by 15.9% in the second quarter. Van ECK Associates Corp now owns 226,215 shares of the insurance provider’s stock worth $6,866,000 after acquiring an additional 31,069 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Truist Financial by 36.5% during the second quarter. Cerity Partners LLC now owns 679,604 shares of the insurance provider’s stock valued at $20,626,000 after buying an additional 181,828 shares during the period. 71.11% of the stock is owned by institutional investors.

Truist Financial Price Performance

TFC opened at $36.10 on Friday. The stock has a 50-day moving average price of $36.66 and a 200-day moving average price of $32.25. Truist Financial has a 12-month low of $25.56 and a 12-month high of $48.53. 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 stock has a market capitalization of $48.15 billion, a P/E ratio of -33.43, a PEG ratio of 1.53 and a beta of 1.09.

Truist Financial (NYSE:TFCGet Free Report) last issued 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. The company had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.70 billion. Truist Financial had a positive return on equity of 9.64% and a negative net margin of 3.28%. During the same period in the prior year, the business posted $1.30 EPS. Equities analysts predict that Truist Financial will post 3.39 earnings per share for the current fiscal year.

Truist Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 9th will be issued a $0.52 dividend. The ex-dividend date of this dividend 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 is currently -192.59%.

About Truist Financial

(Get 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.

See Also

Analyst Recommendations 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

13 Stocks Institutional Investors Won't Stop Buying Cover

Which stocks are major institutional investors including hedge funds and endowments buying in today’s market? Click the link below and we’ll send you MarketBeat’s list of thirteen stocks that institutional investors are buying up as quickly as they can.

Get This Free Report

Source: marketbeat.com

Shares of Truist Financial Co. (NYSE:TFCGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the nineteen research firms that are presently covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $39.87.

TFC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upped their price target on Truist Financial from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. TheStreet raised Truist Financial from a “c+” rating to a “b-” rating in a research report on Tuesday, January 9th. Royal Bank of Canada upped their price target on Truist Financial from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. Evercore ISI increased their target price on Truist Financial from $31.00 to $33.00 and gave the stock an “in-line” rating in a research report on Monday, November 20th. Finally, 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.

Check Out Our Latest Stock Report on Truist Financial

Hedge Funds Weigh In On Truist Financial

Institutional investors have recently bought and sold shares of the stock. Keybank National Association OH increased its holdings in shares of Truist Financial by 1.1% in the second quarter. Keybank National Association OH now owns 116,752 shares of the insurance provider’s stock worth $3,543,000 after purchasing an additional 1,289 shares during the last quarter. Douglas Lane & Associates LLC grew its position in Truist Financial by 6.3% in the third quarter. Douglas Lane & Associates LLC now owns 1,544,537 shares of the insurance provider’s stock worth $44,189,000 after acquiring an additional 91,579 shares in the last quarter. Loudon Investment Management LLC grew its position in Truist Financial by 18.5% in the third quarter. Loudon Investment Management LLC now owns 131,398 shares of the insurance provider’s stock worth $3,759,000 after acquiring an additional 20,490 shares in the last quarter. Van ECK Associates Corp grew its position in Truist Financial by 15.9% in the second quarter. Van ECK Associates Corp now owns 226,215 shares of the insurance provider’s stock worth $6,866,000 after acquiring an additional 31,069 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Truist Financial by 36.5% during the second quarter. Cerity Partners LLC now owns 679,604 shares of the insurance provider’s stock valued at $20,626,000 after buying an additional 181,828 shares during the period. 71.11% of the stock is owned by institutional investors.

Truist Financial Price Performance

TFC opened at $36.10 on Friday. The stock has a 50-day moving average price of $36.66 and a 200-day moving average price of $32.25. Truist Financial has a 12-month low of $25.56 and a 12-month high of $48.53. 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 stock has a market capitalization of $48.15 billion, a P/E ratio of -33.43, a PEG ratio of 1.53 and a beta of 1.09.

Truist Financial (NYSE:TFCGet Free Report) last issued 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. The company had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.70 billion. Truist Financial had a positive return on equity of 9.64% and a negative net margin of 3.28%. During the same period in the prior year, the business posted $1.30 EPS. Equities analysts predict that Truist Financial will post 3.39 earnings per share for the current fiscal year.

Truist Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 9th will be issued a $0.52 dividend. The ex-dividend date of this dividend 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 is currently -192.59%.

About Truist Financial

(Get 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.

See Also

Analyst Recommendations 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

13 Stocks Institutional Investors Won't Stop Buying Cover

Which stocks are major institutional investors including hedge funds and endowments buying in today’s market? Click the link below and we’ll send you MarketBeat’s list of thirteen stocks that institutional investors are buying up as quickly as they can.

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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