Diversified Trust Co Has $7.12 Million Stock Position in Truist Financial Corporation (NYSE:TFC)

Diversified Trust Co decreased its position in Truist Financial Corporation (NYSE:TFC - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 172,913 shares of the insurance provider's stock after selling 6,223 shares during the quarter. Diversified Trust Co's holdings in Truist Financial were worth $7,115,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Hopwood Financial Services Inc. bought a new stake in Truist Financial during the fourth quarter worth about $26,000. Navigoe LLC acquired a new position in shares of Truist Financial in the 4th quarter worth approximately $26,000. Curio Wealth LLC bought a new stake in Truist Financial during the 4th quarter worth approximately $45,000. TCTC Holdings LLC increased its holdings in Truist Financial by 28.1% during the 4th quarter. TCTC Holdings LLC now owns 1,310 shares of the insurance provider's stock valued at $57,000 after purchasing an additional 287 shares in the last quarter. Finally, Pinney & Scofield Inc. bought a new position in Truist Financial in the 4th quarter valued at $57,000. Institutional investors and hedge funds own 71.28% of the company's stock.

Analysts Set New Price Targets

TFC has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their target price on Truist Financial from $48.00 to $42.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Robert W. Baird upgraded shares of Truist Financial from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $48.00 to $52.00 in a research report on Wednesday, March 5th. Wall Street Zen raised shares of Truist Financial from a "sell" rating to a "hold" rating in a research note on Wednesday, May 7th. Keefe, Bruyette & Woods decreased their price target on shares of Truist Financial from $53.00 to $47.00 and set an "outperform" rating on the stock in a research note on Monday, April 21st. Finally, Piper Sandler lowered their price target on shares of Truist Financial from $45.00 to $41.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $48.44.

Truist Financial Trading Up 0.2%

Shares of TFC stock traded up $0.09 during trading hours on Friday, reaching $42.63. The company had a trading volume of 8,255,678 shares, compared to its average volume of 8,271,073. Truist Financial Corporation has a 1-year low of $33.56 and a 1-year high of $49.06. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $55.83 billion, a price-to-earnings ratio of 12.58, a P/E/G ratio of 1.54 and a beta of 0.84. The company has a 50 day moving average of $39.54 and a 200 day moving average of $42.01.

Truist Financial (NYSE:TFC - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The insurance provider reported $0.87 EPS for the quarter, meeting analysts' consensus estimates of $0.87. Truist Financial had a return on equity of 8.96% and a net margin of 15.59%. The business had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. On average, equities research analysts anticipate that Truist Financial Corporation will post 4 EPS for the current year.

Truist Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 9th were given a $0.52 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.88%. Truist Financial's dividend payout ratio is 61.36%.

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.