Robeco Institutional Asset Management B.V. Has $15.92 Million Stake in Truist Financial Corporation (NYSE:TFC)

Robeco Institutional Asset Management B.V. increased its holdings in shares of Truist Financial Corporation (NYSE:TFC - Free Report) by 347.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 386,981 shares of the insurance provider's stock after buying an additional 300,503 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Truist Financial were worth $15,924,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TFC. Comerica Bank raised its position in shares of Truist Financial by 3.6% during the 4th quarter. Comerica Bank now owns 449,484 shares of the insurance provider's stock valued at $19,499,000 after acquiring an additional 15,499 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Truist Financial by 81.7% during the fourth 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 purchasing an additional 498,531 shares during the period. Cantor Fitzgerald Investment Advisors L.P. increased its holdings in Truist Financial by 4.6% in the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 435,650 shares of the insurance provider's stock valued at $17,927,000 after purchasing an additional 19,286 shares during the last quarter. Stifel Financial Corp increased its holdings in Truist Financial by 2.8% in the fourth quarter. Stifel Financial Corp now owns 2,242,763 shares of the insurance provider's stock valued at $97,291,000 after purchasing an additional 60,848 shares during the last quarter. Finally, Glass Wealth Management Co LLC lifted its stake in Truist Financial by 9.5% in the fourth quarter. Glass Wealth Management Co LLC now owns 67,978 shares of the insurance provider's stock valued at $2,949,000 after buying an additional 5,900 shares during the period. 71.28% of the stock is currently owned by institutional investors and hedge funds.

Truist Financial Stock Up 0.2%

TFC stock opened at $42.63 on Friday. 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 stock has a market capitalization of $55.83 billion, a P/E ratio of 12.58, a P/E/G ratio of 1.58 and a beta of 0.84. Truist Financial Corporation has a fifty-two week low of $33.56 and a fifty-two week high of $49.06. The business has a 50-day moving average of $39.67 and a 200-day moving average of $41.96.

Truist Financial (NYSE:TFC - Get Free Report) last released 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. The firm had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $4.99 billion. Truist Financial had a return on equity of 8.96% and a net margin of 15.59%. During the same quarter in the prior year, the firm posted $0.90 EPS. On average, sell-side analysts anticipate that Truist Financial Corporation will post 4 earnings per share for the current fiscal year.

Truist Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TFC shares. Raymond James Financial lowered Truist Financial from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. Citigroup upgraded shares of Truist Financial from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $44.00 to $55.00 in a report on Thursday. Wall Street Zen upgraded shares of Truist Financial from a "sell" rating to a "hold" rating in a report on Wednesday, May 7th. Argus set a $43.00 price target on shares of Truist Financial in a research report on Monday, April 21st. Finally, Barclays lowered their price objective on shares of Truist Financial from $51.00 to $47.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $48.44.

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.

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