Eisler Capital Management Ltd. bought a new position in Truist Financial Co. (NYSE:TFC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,671 shares of the insurance provider's stock, valued at approximately $289,000.
A number of other large investors have also made changes to their positions in the company. PBMares Wealth Management LLC boosted its stake in shares of Truist Financial by 0.8% in the 4th quarter. PBMares Wealth Management LLC now owns 29,270 shares of the insurance provider's stock valued at $1,270,000 after purchasing an additional 224 shares during the last quarter. Koshinski Asset Management Inc. lifted its holdings in Truist Financial by 2.1% in the fourth quarter. Koshinski Asset Management Inc. now owns 10,825 shares of the insurance provider's stock valued at $470,000 after buying an additional 225 shares during the period. Aaron Wealth Advisors LLC boosted its position in Truist Financial by 3.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 7,712 shares of the insurance provider's stock valued at $335,000 after acquiring an additional 227 shares during the last quarter. FWG Holdings LLC grew its holdings in Truist Financial by 4.3% during the 4th quarter. FWG Holdings LLC now owns 5,694 shares of the insurance provider's stock worth $267,000 after acquiring an additional 234 shares during the period. Finally, Ignite Planners LLC raised its position in shares of Truist Financial by 1.4% in the 4th quarter. Ignite Planners LLC now owns 17,499 shares of the insurance provider's stock worth $772,000 after acquiring an additional 246 shares in the last quarter. Institutional investors and hedge funds own 71.28% of the company's stock.
Truist Financial Stock Performance
TFC traded up $0.21 on Tuesday, hitting $41.33. The company's stock had a trading volume of 6,226,934 shares, compared to its average volume of 8,197,585. Truist Financial Co. has a 12 month low of $33.56 and a 12 month high of $49.06. The firm has a market cap of $54.12 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 1.63 and a beta of 0.83. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61. The company's 50 day simple moving average is $38.82 and its 200-day simple moving average is $43.29.
Truist Financial (NYSE:TFC - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The insurance provider reported $0.87 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.87. The company had revenue of $4.95 billion for the quarter, compared to analyst estimates of $4.99 billion. Truist Financial had a return on equity of 9.32% and a net margin of 15.59%. During the same period in the previous year, the company posted $0.90 EPS. Analysts forecast that Truist Financial Co. will post 4 EPS for the current year.
Truist Financial Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 9th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.03%. Truist Financial's dividend payout ratio (DPR) is currently 61.36%.
Analyst Ratings Changes
Several brokerages recently issued reports on TFC. Stephens cut their target price on shares of Truist Financial from $48.00 to $46.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Raymond James cut shares of Truist Financial from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. Robert W. Baird raised Truist Financial from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $48.00 to $52.00 in a research note on Wednesday, March 5th. Morgan Stanley cut their target price on Truist Financial from $50.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Monday, April 7th. Finally, JPMorgan Chase & Co. lowered their price target on Truist Financial from $48.00 to $42.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Truist Financial has a consensus rating of "Moderate Buy" and an average price target of $48.06.
Get Our Latest Report on Truist Financial
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.
See Also
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
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
