Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 847,136 Truist Financial Co. (NYSE:TFC)

Universal Beteiligungs und Servicegesellschaft mbH purchased 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 13F filing with the SEC. The institutional investor purchased 847,136 shares of the insurance provider's stock, valued at approximately $36,749,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Truist Financial as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. LifeWealth Investments LLC bought a new position in Truist Financial in the 4th quarter valued at $318,000. Heck Capital Advisors LLC bought a new position in Truist Financial in the 4th quarter valued at $314,000. Integrated Advisors Network LLC grew its position in Truist Financial by 4.8% in the 4th quarter. Integrated Advisors Network LLC now owns 6,316 shares of the insurance provider's stock valued at $274,000 after acquiring an additional 291 shares during the last quarter. Polar Asset Management Partners Inc. bought a new position in Truist Financial in the 4th quarter valued at $22,558,000. Finally, Ameriflex Group Inc. bought a new position in Truist Financial in the 4th quarter valued at $91,000. Hedge funds and other institutional investors own 71.28% of the company's stock.

Truist Financial Price Performance

NYSE:TFC traded down $0.16 during trading hours on Friday, reaching $39.44. 10,480,959 shares of the company traded hands, compared to its average volume of 8,279,124. The firm's 50-day moving average is $38.58 and its 200-day moving average is $42.86. The stock has a market cap of $51.65 billion, a P/E ratio of 11.84, a P/E/G ratio of 1.63 and a beta of 0.83. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.83 and a quick ratio of 0.83. Truist Financial Co. has a 1-year low of $33.56 and a 1-year high of $49.06.

Truist Financial (NYSE:TFC - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The insurance provider reported $0.87 earnings per share for the quarter, hitting analysts' consensus estimates of $0.87. Truist Financial had a return on equity of 9.32% and a net margin of 15.59%. The company had revenue of $4.95 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the prior year, the company posted $0.90 EPS. Equities research analysts expect that Truist Financial Co. will post 4 earnings per share for the current fiscal year.

Truist Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 9th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date of this dividend is Friday, May 9th. Truist Financial's dividend payout ratio is presently 61.36%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TFC shares. Morgan Stanley dropped their price target 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. Barclays dropped their price target on Truist Financial from $51.00 to $47.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. Piper Sandler dropped their price target on Truist Financial from $45.00 to $41.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Wall Street Zen raised Truist Financial from a "sell" rating to a "hold" rating in a research report on Wednesday, May 7th. Finally, Citigroup dropped their price target on Truist Financial from $51.00 to $44.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $47.83.

About Truist Financial

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.