Realta Investment Advisors decreased its position in Truist Financial Co. (NYSE:TFC – Free Report) by 16.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,436 shares of the insurance provider’s stock after selling 1,460 shares during the period. Realta Investment Advisors’ holdings in Truist Financial were worth $275,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of TFC. Fairfield Bush & CO. acquired a new stake in Truist Financial during the first quarter worth approximately $25,000. OFI Invest Asset Management bought a new position in shares of Truist Financial during the 3rd quarter worth approximately $26,000. Operose Advisors LLC acquired a new stake in shares of Truist Financial during the 3rd quarter worth approximately $31,000. Quarry LP bought a new stake in shares of Truist Financial in the 1st quarter valued at $32,000. Finally, Tyler Stone Wealth Management bought a new position in Truist Financial during the third quarter worth $33,000. 71.28% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Truist Financial
In related 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 completion of the sale, the director now owns 16,132 shares of the company’s stock, valued at approximately $604,627.36. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.17% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on TFC. Stephens raised shares of Truist Financial from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $41.00 to $43.00 in a research note on Tuesday, March 19th. Royal Bank of Canada upped their price target on Truist Financial from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. HSBC raised their price objective on Truist Financial from $37.00 to $39.00 and gave the company a “hold” rating in a research note on Thursday. Morgan Stanley increased their target price on Truist Financial from $38.00 to $43.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. Finally, StockNews.com lowered shares of Truist Financial from a “hold” rating to a “sell” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $40.38.
Check Out Our Latest Stock Report on TFC
Truist Financial Stock Performance
TFC stock opened at $38.98 on Monday. The business has a 50 day moving average of $36.50 and a 200-day moving average of $33.55. The firm has a market cap of $52.02 billion, a PE ratio of -36.09, a P/E/G ratio of 1.64 and a beta of 1.08. Truist Financial Co. has a 12-month low of $25.56 and a 12-month high of $39.29. 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:TFC – Get Free Report) last announced its 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 firm had revenue of $5.70 billion during 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 period last year, the firm posted $1.30 EPS. As a group, sell-side analysts expect that Truist Financial Co. will post 3.39 earnings per share for the current year.
Truist Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 5.34%. The ex-dividend date was Thursday, February 8th. Truist Financial’s dividend payout ratio (DPR) is -192.59%.
Truist Financial Company Profile
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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Source: defenseworld.net
