B. Metzler seel. Sohn & Co. AG Reduces Stock Holdings in Truist Financial Corporation $TFC

Key Points

• 54.2% reduction: B. Metzler seel. Sohn & Co. AG cut its position in Truist by 54.2% in Q4, selling 72,941 shares and retaining 61,633 shares valued at about $3.03 million.
• Insider sales: CFO Michael Baron Maguire sold 13,000 shares for roughly $651,690 (a 14.89% drop in his stake) and CAO Cynthia B. Powell sold 3,500 shares (an 83.99% reduction).
• Financials and payout: Truist reported quarterly EPS of $1.09 (beating estimates) and pays a quarterly dividend of $0.52 (annualized $2.08), implying a 4.1% dividend yield.

B. Metzler seel. Sohn & Co. AG decreased its position in Truist Financial Corporation (NYSE:TFC - Free Report) by 54.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,633 shares of the insurance provider's stock after selling 72,941 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Truist Financial were worth $3,033,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Valley Wealth Managers Inc. bought a new position in Truist Financial in the third quarter worth $28,000. Darwin Wealth Management LLC raised its holdings in Truist Financial by 631.6% in the third quarter. Darwin Wealth Management LLC now owns 695 shares of the insurance provider's stock worth $32,000 after purchasing an additional 600 shares in the last quarter. Ancora Advisors LLC raised its holdings in Truist Financial by 259.1% in the third quarter. Ancora Advisors LLC now owns 693 shares of the insurance provider's stock worth $32,000 after purchasing an additional 500 shares in the last quarter. Maseco LLP raised its holdings in Truist Financial by 53.8% in the fourth quarter. Maseco LLP now owns 652 shares of the insurance provider's stock worth $32,000 after purchasing an additional 228 shares in the last quarter. Finally, Tripletail Wealth Management LLC bought a new position in Truist Financial in the third quarter worth $37,000. Institutional investors own 71.28% of the company's stock.

Insider Activity

In other news, CFO Michael Baron Maguire sold 13,000 shares of the company's stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $50.13, for a total transaction of $651,690.00. Following the completion of the sale, the chief financial officer owned 74,323 shares of the company's stock, valued at $3,725,811.99. This represents a 14.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Cynthia B. Powell sold 3,500 shares of the company's stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $52.49, for a total transaction of $183,715.00. Following the sale, the chief accounting officer directly owned 667 shares of the company's stock, valued at $35,010.83. The trade was a 83.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.15% of the stock is owned by corporate insiders.

Truist Financial Price Performance

NYSE TFC opened at $50.75 on Friday. Truist Financial Corporation has a one year low of $37.47 and a one year high of $56.19. The stock has a 50-day moving average of $48.18 and a 200 day moving average of $48.04. The company has a market capitalization of $62.98 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 0.88 and a beta of 0.89. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.86 and a current ratio of 0.86.

Truist Financial (NYSE:TFC - Get Free Report) last released its quarterly earnings data on Friday, April 17th. The insurance provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.00 by $0.09. Truist Financial had a return on equity of 9.55% and a net margin of 18.14%.The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.18 billion. During the same period last year, the company earned $0.87 EPS. Truist Financial's revenue for the quarter was up 5.0% on a year-over-year basis. On average, sell-side analysts forecast that Truist Financial Corporation will post 4.51 EPS for the current year.

Truist Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 13th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $2.08 annualized dividend and a dividend yield of 4.1%. Truist Financial's dividend payout ratio is presently 51.61%.

Wall Street Analyst Weigh In

TFC has been the subject of several analyst reports. Barclays downgraded Truist Financial from an "equal weight" rating to an "underweight" rating and raised their price target for the company from $47.00 to $56.00 in a report on Monday, January 5th. Piper Sandler raised their price target on Truist Financial from $50.00 to $53.00 and gave the company a "neutral" rating in a report on Thursday, January 22nd. Raymond James Financial raised their price target on Truist Financial from $50.00 to $56.00 and gave the company an "outperform" rating in a report on Wednesday, January 7th. Morgan Stanley reduced their price target on Truist Financial from $63.00 to $62.00 and set an "overweight" rating for the company in a report on Monday, April 20th. Finally, The Goldman Sachs Group restated a "buy" rating and set a $58.00 price target on shares of Truist Financial in a report on Tuesday, January 6th. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $55.41.

Truist Financial Company Profile

Truist Financial Corporation is an American bank holding company that provides a broad range of financial services through its primary subsidiary, Truist Bank, and other operating units. The company offers traditional retail banking products and services such as deposit accounts, consumer and residential mortgage lending, and credit and debit card services. Truist also serves commercial clients with middle-market and corporate lending, treasury and payment solutions, and specialty finance products.

Beyond core banking, Truist operates wealth management, asset management, insurance and capital markets businesses.

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