Truist Financial (NYSE:TFC) Announces Quarterly Earnings Results

Truist Financial (NYSE:TFC - Get Free Report) announced its quarterly earnings data on Thursday. The insurance provider reported $0.87 earnings per share for the quarter, meeting analysts' consensus estimates of $0.87, RTT News reports. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $4.99 billion. Truist Financial had a net margin of 15.59% and a return on equity of 9.32%. During the same period last year, the business earned $0.90 EPS. Truist Financial updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.

Truist Financial Trading Up 1.6 %

Shares of TFC traded up $0.57 during mid-day trading on Tuesday, reaching $35.88. The company had a trading volume of 2,697,852 shares, compared to its average volume of 8,147,627. The stock has a market cap of $46.83 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 1.63 and a beta of 0.91. 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 firm has a fifty day simple moving average of $40.99 and a 200-day simple moving average of $43.76. Truist Financial has a fifty-two week low of $33.56 and a fifty-two week high of $49.06.

Truist Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.80%. The ex-dividend date of this dividend was Friday, February 14th. Truist Financial's dividend payout ratio is currently 61.36%.

Institutional Investors Weigh In On Truist Financial

A hedge fund recently raised its stake in Truist Financial stock. Brighton Jones LLC increased its stake in shares of Truist Financial Co. (NYSE:TFC - Free Report) by 148.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 23,581 shares of the insurance provider's stock after acquiring an additional 14,093 shares during the period. Brighton Jones LLC's holdings in Truist Financial were worth $1,023,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 71.28% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TFC. Piper Sandler decreased their target price on Truist Financial from $45.00 to $41.00 and set a "neutral" rating for the company in a research note on Monday. HSBC upgraded shares of Truist Financial from a "hold" rating to a "buy" rating and set a $50.00 price objective for the company in a research note on Tuesday, January 7th. Morgan Stanley cut their price target on Truist Financial from $50.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Monday, April 7th. Hsbc Global Res upgraded shares of Truist Financial from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company dropped their price objective on shares of Truist Financial from $52.00 to $50.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $48.28.

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.