Truist Financial (NYSE:TFC) Posts Earnings Results, Beats Estimates By $0.05 EPS

Key Points

• Truist Financial reported quarterly earnings of $1.04 per share, beating analysts' expectations by $0.05 and also exceeding revenue estimates with $5.24 billion.
• The company announced a quarterly dividend of $0.52, with an annualized yield of 5.1% and a payout ratio of 56.68%.
• Several analysts have updated their ratings for Truist Financial, with a range of target prices between $47.00 and $54.00, indicating mixed sentiments among market experts.

Truist Financial (NYSE:TFC - Get Free Report) posted its quarterly earnings data on Friday. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.05, RTT News reports. The business had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.20 billion. Truist Financial had a net margin of 16.82% and a return on equity of 8.69%. During the same period last year, the firm posted $0.97 earnings per share. Truist Financial updated its FY 2025 guidance to EPS and its Q4 2025 guidance to EPS.

Truist Financial Price Performance

TFC stock opened at $40.99 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $52.85 billion, a PE ratio of 11.17, a P/E/G ratio of 1.38 and a beta of 0.88. Truist Financial has a 12-month low of $33.56 and a 12-month high of $49.06. The business's fifty day moving average price is $45.12 and its 200 day moving average price is $42.21.

Truist Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 8th were given a $0.52 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.08 dividend on an annualized basis and a yield of 5.1%. Truist Financial's payout ratio is presently 56.68%.

Analysts Set New Price Targets

TFC has been the topic of a number of research reports. Keefe, Bruyette & Woods lowered shares of Truist Financial from an "outperform" rating to a "market perform" rating and set a $48.00 price target on the stock. in a research note on Wednesday, July 9th. Morgan Stanley raised their target price on Truist Financial from $48.00 to $54.00 and gave the company an "equal weight" rating in a research report on Monday, September 29th. Wells Fargo & Company restated an "equal weight" rating and issued a $47.00 target price on shares of Truist Financial in a research report on Thursday, August 21st. Evercore ISI raised their price objective on Truist Financial from $48.00 to $50.00 and gave the company an "in-line" rating in a report on Tuesday, September 30th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Truist Financial in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $48.89.

Insider Transactions at Truist Financial

In related news, insider Bradley D. Bender sold 12,540 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $45.19, for a total transaction of $566,682.60. Following the sale, the insider directly owned 500 shares of the company's stock, valued at $22,595. This represents a 96.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.17% of the stock is owned by company insiders.

Institutional Investors Weigh In On Truist Financial

Large investors have recently modified their holdings of the company. MUFG Securities EMEA plc purchased a new stake in shares of Truist Financial in the 2nd quarter valued at approximately $167,000. Alaethes Wealth LLC purchased a new position in shares of Truist Financial in the 2nd quarter valued at about $202,000. Kestra Investment Management LLC increased its holdings in shares of Truist Financial by 365.0% in the 2nd quarter. Kestra Investment Management LLC now owns 5,096 shares of the insurance provider's stock valued at $219,000 after acquiring an additional 4,000 shares during the last quarter. 44 Wealth Management LLC purchased a new position in shares of Truist Financial in the 2nd quarter valued at about $273,000. Finally, Main Street Financial Solutions LLC increased its stake in Truist Financial by 20.1% in the second quarter. Main Street Financial Solutions LLC now owns 6,783 shares of the insurance provider's stock valued at $292,000 after purchasing an additional 1,134 shares during the last quarter. 71.28% of the stock is owned by hedge funds and other institutional investors.

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.

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