Fort Washington Investment Advisors Inc. OH Has $46.20 Million Holdings in Truist Financial Co. (NYSE:TFC)

Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Truist Financial Co. (NYSE:TFC - Free Report) by 4.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,122,705 shares of the insurance provider's stock after purchasing an additional 43,822 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.09% of Truist Financial worth $46,199,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Comerica Bank boosted its holdings in shares of Truist Financial by 3.6% in the 4th quarter. Comerica Bank now owns 449,484 shares of the insurance provider's stock worth $19,499,000 after acquiring an additional 15,499 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Truist Financial by 81.7% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,108,466 shares of the insurance provider's stock worth $48,085,000 after acquiring an additional 498,531 shares in the last quarter. David Wealth Management LLC acquired a new position in shares of Truist Financial in the 4th quarter worth approximately $2,354,000. Stifel Financial Corp boosted its holdings in shares of Truist Financial by 2.8% in the 4th quarter. Stifel Financial Corp now owns 2,242,763 shares of the insurance provider's stock worth $97,291,000 after acquiring an additional 60,848 shares in the last quarter. Finally, Glass Wealth Management Co LLC raised its position in Truist Financial by 9.5% in the 4th quarter. Glass Wealth Management Co LLC now owns 67,978 shares of the insurance provider's stock worth $2,949,000 after purchasing an additional 5,900 shares during the last quarter. Institutional investors own 71.28% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TFC shares. Wells Fargo & Company dropped their price objective on shares of Truist Financial from $52.00 to $50.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Piper Sandler dropped their price objective on shares of Truist Financial from $45.00 to $41.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Citigroup dropped their price objective on shares of Truist Financial from $51.00 to $44.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Robert W. Baird upgraded shares of Truist Financial from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $48.00 to $52.00 in a research report on Wednesday, March 5th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Truist Financial from $53.00 to $47.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $47.83.

Truist Financial Trading Down 0.8%

Shares of TFC stock traded down $0.34 on Thursday, hitting $39.92. The stock had a trading volume of 5,565,548 shares, compared to its average volume of 8,281,672. Truist Financial Co. has a twelve month low of $33.56 and a twelve month high of $49.06. The firm has a market cap of $52.28 billion, a P/E ratio of 11.99, a PEG ratio of 1.63 and a beta of 0.84. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61. The company has a fifty day moving average price of $38.59 and a two-hundred day moving average price of $42.53.

Truist Financial (NYSE:TFC - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The insurance provider reported $0.87 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.87. Truist Financial had a net margin of 15.59% and a return on equity of 9.32%. The company had revenue of $4.95 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the previous year, the business earned $0.90 EPS. As a group, analysts forecast that Truist Financial Co. will post 4 earnings per share for the current fiscal year.

Truist Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 9th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date was Friday, May 9th. Truist Financial's payout ratio is presently 61.36%.

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.