16. PEACE, JUSTICE AND STRONG INSTITUTIONS

Signature Wealth Management Group Buys Shares of 82,069 Truist Financial Co. (NYSE:TFC)

Written by Amanda

Signature Wealth Management Group acquired a new stake in shares of Truist Financial Co. (NYSE:TFCFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 82,069 shares of the insurance provider’s stock, valued at approximately $3,030,000.

A number of other institutional investors have also recently bought and sold shares of the company. EPG Wealth Management LLC boosted its holdings in Truist Financial by 1.8% during the fourth quarter. EPG Wealth Management LLC now owns 12,219 shares of the insurance provider’s stock worth $526,000 after purchasing an additional 213 shares during the last quarter. Williams Jones Wealth Management LLC. boosted its holdings in Truist Financial by 5.8% during the first quarter. Williams Jones Wealth Management LLC. now owns 4,850 shares of the insurance provider’s stock worth $275,000 after purchasing an additional 268 shares during the last quarter. Financial Advocates Investment Management boosted its holdings in Truist Financial by 3.5% during the fourth quarter. Financial Advocates Investment Management now owns 9,071 shares of the insurance provider’s stock worth $390,000 after purchasing an additional 306 shares during the last quarter. Cape Investment Advisory Inc. boosted its holdings in Truist Financial by 7.4% during the third quarter. Cape Investment Advisory Inc. now owns 4,849 shares of the insurance provider’s stock worth $139,000 after purchasing an additional 335 shares during the last quarter. Finally, Birmingham Capital Management Co. Inc. AL boosted its holdings in Truist Financial by 4.1% during the third quarter. Birmingham Capital Management Co. Inc. AL now owns 8,544 shares of the insurance provider’s stock worth $244,000 after purchasing an additional 335 shares during the last quarter. Institutional investors and hedge funds own 71.11% of the company’s stock.

Analyst Upgrades and Downgrades

TFC has been the topic of several analyst reports. Piper Sandler upped their price target on shares of Truist Financial from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, January 19th. Odeon Capital Group raised shares of Truist Financial from a “hold” rating to a “buy” rating and set a $40.45 price target on the stock in a research report on Thursday, December 14th. Royal Bank of Canada upped their price target on shares of Truist Financial from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. Bank of America raised shares of Truist Financial from a “neutral” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Thursday, January 4th. Finally, Evercore ISI increased their price objective on shares of Truist Financial from $31.00 to $33.00 and gave the company an “in-line” rating in a research report on Monday, November 20th. 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 MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $39.14.

Read Our Latest Analysis on TFC

Truist Financial Price Performance

Shares of NYSE TFC traded down $0.16 during trading hours on Friday, hitting $34.86. 17,477,472 shares of the stock were exchanged, compared to its average volume of 10,142,840. Truist Financial Co. has a 1-year low of $25.56 and a 1-year high of $38.47. The company has a market cap of $46.52 billion, a PE ratio of -32.28, a price-to-earnings-growth ratio of 1.55 and a beta of 1.07. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.82 and a current ratio of 0.82. The company’s fifty day simple moving average is $36.40 and its two-hundred day simple moving average is $33.04.

Truist Financial (NYSE:TFCGet Free Report) last issued its quarterly earnings results on Thursday, January 18th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.13. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates 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 company posted $1.30 EPS. On average, sell-side analysts predict that Truist Financial Co. will post 3.35 EPS for the current year.

Truist Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date was Thursday, February 8th. Truist Financial’s dividend payout ratio is presently -192.59%.

Insider Buying and Selling at Truist Financial

In other Truist Financial news, Director K. David Jr. Boyer sold 3,764 shares of Truist Financial stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $37.48, for a total value of $141,074.72. Following the transaction, the director now owns 16,132 shares in the company, valued at $604,627.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.31% of the company’s stock.

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.

Further Reading

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

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

Signature Wealth Management Group acquired a new stake in shares of Truist Financial Co. (NYSE:TFCFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 82,069 shares of the insurance provider’s stock, valued at approximately $3,030,000.

A number of other institutional investors have also recently bought and sold shares of the company. EPG Wealth Management LLC boosted its holdings in Truist Financial by 1.8% during the fourth quarter. EPG Wealth Management LLC now owns 12,219 shares of the insurance provider’s stock worth $526,000 after purchasing an additional 213 shares during the last quarter. Williams Jones Wealth Management LLC. boosted its holdings in Truist Financial by 5.8% during the first quarter. Williams Jones Wealth Management LLC. now owns 4,850 shares of the insurance provider’s stock worth $275,000 after purchasing an additional 268 shares during the last quarter. Financial Advocates Investment Management boosted its holdings in Truist Financial by 3.5% during the fourth quarter. Financial Advocates Investment Management now owns 9,071 shares of the insurance provider’s stock worth $390,000 after purchasing an additional 306 shares during the last quarter. Cape Investment Advisory Inc. boosted its holdings in Truist Financial by 7.4% during the third quarter. Cape Investment Advisory Inc. now owns 4,849 shares of the insurance provider’s stock worth $139,000 after purchasing an additional 335 shares during the last quarter. Finally, Birmingham Capital Management Co. Inc. AL boosted its holdings in Truist Financial by 4.1% during the third quarter. Birmingham Capital Management Co. Inc. AL now owns 8,544 shares of the insurance provider’s stock worth $244,000 after purchasing an additional 335 shares during the last quarter. Institutional investors and hedge funds own 71.11% of the company’s stock.

Analyst Upgrades and Downgrades

TFC has been the topic of several analyst reports. Piper Sandler upped their price target on shares of Truist Financial from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, January 19th. Odeon Capital Group raised shares of Truist Financial from a “hold” rating to a “buy” rating and set a $40.45 price target on the stock in a research report on Thursday, December 14th. Royal Bank of Canada upped their price target on shares of Truist Financial from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. Bank of America raised shares of Truist Financial from a “neutral” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Thursday, January 4th. Finally, Evercore ISI increased their price objective on shares of Truist Financial from $31.00 to $33.00 and gave the company an “in-line” rating in a research report on Monday, November 20th. 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 MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $39.14.

Read Our Latest Analysis on TFC

Truist Financial Price Performance

Shares of NYSE TFC traded down $0.16 during trading hours on Friday, hitting $34.86. 17,477,472 shares of the stock were exchanged, compared to its average volume of 10,142,840. Truist Financial Co. has a 1-year low of $25.56 and a 1-year high of $38.47. The company has a market cap of $46.52 billion, a PE ratio of -32.28, a price-to-earnings-growth ratio of 1.55 and a beta of 1.07. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.82 and a current ratio of 0.82. The company’s fifty day simple moving average is $36.40 and its two-hundred day simple moving average is $33.04.

Truist Financial (NYSE:TFCGet Free Report) last issued its quarterly earnings results on Thursday, January 18th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.13. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates 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 company posted $1.30 EPS. On average, sell-side analysts predict that Truist Financial Co. will post 3.35 EPS for the current year.

Truist Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date was Thursday, February 8th. Truist Financial’s dividend payout ratio is presently -192.59%.

Insider Buying and Selling at Truist Financial

In other Truist Financial news, Director K. David Jr. Boyer sold 3,764 shares of Truist Financial stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $37.48, for a total value of $141,074.72. Following the transaction, the director now owns 16,132 shares in the company, valued at $604,627.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.31% of the company’s stock.

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.

Further Reading

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

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

10 "Recession Proof" Stocks That Will Thrive in Any Market Cover

Which stocks are likely to thrive in today’s challenging market? Click the link below and we’ll send you MarketBeat’s list of ten stocks that will drive in any economic environment.

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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