Truist Financial Co. (NYSE:TFC) Shares Sold by Natixis

Natixis cut its stake in shares of Truist Financial Co. (NYSE:TFC - Free Report) by 99.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,509 shares of the insurance provider's stock after selling 275,813 shares during the quarter. Natixis' holdings in Truist Financial were worth $109,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Bangor Savings Bank lifted its position in shares of Truist Financial by 92.5% during the 4th quarter. Bangor Savings Bank now owns 566 shares of the insurance provider's stock valued at $25,000 after buying an additional 272 shares in the last quarter. Hopwood Financial Services Inc. bought a new stake in shares of Truist Financial during the 4th quarter valued at $26,000. Curio Wealth LLC purchased a new position in shares of Truist Financial during the 4th quarter valued at $45,000. City State Bank boosted its holdings in Truist Financial by 158.1% in the 4th quarter. City State Bank now owns 1,169 shares of the insurance provider's stock worth $51,000 after buying an additional 716 shares during the period. Finally, Brown Lisle Cummings Inc. bought a new stake in Truist Financial during the fourth quarter valued at about $55,000. 71.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TFC shares. HSBC upgraded shares of Truist Financial from a "hold" rating to a "buy" rating and set a $50.00 target price for the company in a research report on Tuesday, January 7th. Baird R W raised shares of Truist Financial from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Keefe, Bruyette & Woods dropped their target price on shares of Truist Financial from $53.00 to $47.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. Argus set a $43.00 price target on shares of Truist Financial in a report on Monday, April 21st. Finally, StockNews.com downgraded shares of Truist Financial from a "hold" rating to a "sell" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Truist Financial currently has an average rating of "Moderate Buy" and an average target price of $47.83.

Truist Financial Stock Performance

Shares of Truist Financial stock traded up $0.19 on Thursday, reaching $38.53. 1,900,717 shares of the stock were exchanged, compared to its average volume of 8,151,110. Truist Financial Co. has a twelve month low of $33.56 and a twelve month high of $49.06. The business has a 50 day moving average price of $39.73 and a two-hundred day moving average price of $43.51. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $50.29 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 1.63 and a beta of 0.91.

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 the consensus estimate of $0.87. Truist Financial had a net margin of 15.59% and a return on equity of 9.32%. The business had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the prior year, the firm earned $0.90 EPS. Analysts anticipate that Truist Financial Co. will post 4 earnings per share for the current fiscal year.

Truist Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 9th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date is Friday, May 9th. Truist Financial's payout ratio is presently 61.36%.

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.