Truist Financial Co. (NYSE:TFC) Shares Purchased by Teza Capital Management LLC

Teza Capital Management LLC increased its stake in Truist Financial Co. (NYSE:TFC - Free Report) by 291.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,483 shares of the insurance provider's stock after purchasing an additional 42,037 shares during the period. Teza Capital Management LLC's holdings in Truist Financial were worth $2,450,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of TFC. PBMares Wealth Management LLC lifted its position in Truist Financial by 0.8% during the 4th quarter. PBMares Wealth Management LLC now owns 29,270 shares of the insurance provider's stock worth $1,270,000 after acquiring an additional 224 shares during the period. Koshinski Asset Management Inc. lifted its holdings in shares of Truist Financial by 2.1% during the fourth quarter. Koshinski Asset Management Inc. now owns 10,825 shares of the insurance provider's stock worth $470,000 after purchasing an additional 225 shares during the period. Aaron Wealth Advisors LLC boosted its position in Truist Financial by 3.0% in the fourth quarter. Aaron Wealth Advisors LLC now owns 7,712 shares of the insurance provider's stock valued at $335,000 after buying an additional 227 shares during the last quarter. FWG Holdings LLC increased its holdings in Truist Financial by 4.3% in the 4th quarter. FWG Holdings LLC now owns 5,694 shares of the insurance provider's stock worth $267,000 after buying an additional 234 shares during the period. Finally, Avestar Capital LLC lifted its stake in Truist Financial by 4.1% during the 4th quarter. Avestar Capital LLC now owns 6,299 shares of the insurance provider's stock valued at $273,000 after acquiring an additional 250 shares during the period. Hedge funds and other institutional investors own 71.28% of the company's stock.

Truist Financial Price Performance

Shares of NYSE TFC traded up $0.34 during midday trading on Thursday, hitting $39.46. The stock had a trading volume of 10,460,156 shares, compared to its average volume of 8,232,010. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61. Truist Financial Co. has a 1 year low of $33.56 and a 1 year high of $49.06. The company has a market capitalization of $51.67 billion, a PE ratio of 11.85, a P/E/G ratio of 1.63 and a beta of 0.83. The stock has a 50 day simple moving average of $38.85 and a 200-day simple moving average of $43.18.

Truist Financial (NYSE:TFC - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The insurance provider reported $0.87 earnings per share for the quarter, meeting 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 last year, the firm posted $0.90 EPS. On average, sell-side analysts expect that Truist Financial Co. will post 4 EPS for the current fiscal year.

Truist Financial Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently issued reports on TFC shares. Raymond James downgraded shares of Truist Financial from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. Wall Street Zen raised Truist Financial from a "sell" rating to a "hold" rating in a report on Wednesday, May 7th. Barclays dropped their target price on Truist Financial from $51.00 to $47.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Wells Fargo & Company lowered their price objective on Truist Financial from $52.00 to $50.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Finally, Keefe, Bruyette & Woods dropped their price objective 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. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.83.

Truist Financial 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.