Boston Common Asset Management LLC bought a new stake in shares of Truist Financial Co. (NYSE:TFC – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 167,244 shares of the insurance provider’s stock, valued at approximately $6,175,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fairfield Bush & CO. bought a new position in Truist Financial during the first quarter valued at about $25,000. OFI Invest Asset Management acquired a new stake in shares of Truist Financial during the third quarter worth approximately $26,000. Operose Advisors LLC acquired a new stake in shares of Truist Financial during the third quarter worth approximately $31,000. Quarry LP acquired a new stake in shares of Truist Financial during the first quarter worth approximately $32,000. Finally, Tyler Stone Wealth Management acquired a new stake in shares of Truist Financial during the third quarter worth approximately $33,000. Institutional investors own 71.11% of the company’s stock.
Insider Transactions at Truist Financial
In other news, Director K. David Jr. Boyer sold 3,764 shares of Truist Financial stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $37.48, for a total value of $141,074.72. Following the sale, the director now directly owns 16,132 shares in the company, valued at $604,627.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. Royal Bank of Canada lifted their price objective on Truist Financial from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. TheStreet downgraded shares of Truist Financial from a “b-” rating to a “c” rating in a research note on Tuesday, February 20th. Piper Sandler lifted their price objective on Truist Financial from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, January 19th. Evercore ISI lifted their price objective on Truist Financial from $31.00 to $33.00 and gave the company an “in-line” rating in a report on Monday, November 20th. Finally, Bank of America upgraded shares of Truist Financial from a “neutral” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Truist Financial currently has a consensus rating of “Hold” and a consensus price target of $39.14.
Get Our Latest Stock Report on Truist Financial
Truist Financial Trading Down 0.5 %
NYSE TFC traded down $0.16 during trading on Friday, reaching $34.86. 17,477,472 shares of the stock traded hands, compared to its average volume of 10,142,840. The firm has a market cap of $46.52 billion, a price-to-earnings ratio of -32.28, a price-to-earnings-growth ratio of 1.55 and a beta of 1.07. The stock’s 50-day moving average price is $36.40 and its 200 day moving average price is $33.06. 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 Co. has a fifty-two week low of $25.56 and a fifty-two week high of $38.47.
Truist Financial (NYSE:TFC – Get Free Report) last issued its quarterly earnings data on Thursday, January 18th. The insurance provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.68 by $0.13. The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate 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 quarter last year, the business posted $1.30 EPS. Analysts predict that Truist Financial Co. will post 3.35 EPS for the current year.
Truist Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were issued a dividend of $0.52 per share. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.97%. Truist Financial’s payout ratio is -192.59%.
Truist Financial Profile
(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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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
Boston Common Asset Management LLC bought a new stake in shares of Truist Financial Co. (NYSE:TFC – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 167,244 shares of the insurance provider’s stock, valued at approximately $6,175,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fairfield Bush & CO. bought a new position in Truist Financial during the first quarter valued at about $25,000. OFI Invest Asset Management acquired a new stake in shares of Truist Financial during the third quarter worth approximately $26,000. Operose Advisors LLC acquired a new stake in shares of Truist Financial during the third quarter worth approximately $31,000. Quarry LP acquired a new stake in shares of Truist Financial during the first quarter worth approximately $32,000. Finally, Tyler Stone Wealth Management acquired a new stake in shares of Truist Financial during the third quarter worth approximately $33,000. Institutional investors own 71.11% of the company’s stock.
Insider Transactions at Truist Financial
In other news, Director K. David Jr. Boyer sold 3,764 shares of Truist Financial stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $37.48, for a total value of $141,074.72. Following the sale, the director now directly owns 16,132 shares in the company, valued at $604,627.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. Royal Bank of Canada lifted their price objective on Truist Financial from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. TheStreet downgraded shares of Truist Financial from a “b-” rating to a “c” rating in a research note on Tuesday, February 20th. Piper Sandler lifted their price objective on Truist Financial from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, January 19th. Evercore ISI lifted their price objective on Truist Financial from $31.00 to $33.00 and gave the company an “in-line” rating in a report on Monday, November 20th. Finally, Bank of America upgraded shares of Truist Financial from a “neutral” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Truist Financial currently has a consensus rating of “Hold” and a consensus price target of $39.14.
Get Our Latest Stock Report on Truist Financial
Truist Financial Trading Down 0.5 %
NYSE TFC traded down $0.16 during trading on Friday, reaching $34.86. 17,477,472 shares of the stock traded hands, compared to its average volume of 10,142,840. The firm has a market cap of $46.52 billion, a price-to-earnings ratio of -32.28, a price-to-earnings-growth ratio of 1.55 and a beta of 1.07. The stock’s 50-day moving average price is $36.40 and its 200 day moving average price is $33.06. 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 Co. has a fifty-two week low of $25.56 and a fifty-two week high of $38.47.
Truist Financial (NYSE:TFC – Get Free Report) last issued its quarterly earnings data on Thursday, January 18th. The insurance provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.68 by $0.13. The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate 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 quarter last year, the business posted $1.30 EPS. Analysts predict that Truist Financial Co. will post 3.35 EPS for the current year.
Truist Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were issued a dividend of $0.52 per share. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.97%. Truist Financial’s payout ratio is -192.59%.
Truist Financial Profile
(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.
Recommended Stories
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
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Source: marketbeat.com
