Truist Financial Corporation (NYSE:TFC - Free Report) - Zacks Research lifted their Q3 2026 EPS estimates for Truist Financial in a research note issued to investors on Thursday, September 25th. Zacks Research analyst Team now forecasts that the insurance provider will post earnings per share of $1.09 for the quarter, up from their prior forecast of $1.08. The consensus estimate for Truist Financial's current full-year earnings is $4.00 per share. Zacks Research also issued estimates for Truist Financial's Q4 2026 earnings at $1.17 EPS and FY2026 earnings at $4.31 EPS.
A number of other equities research analysts have also recently weighed in on TFC. Citigroup upgraded shares of Truist Financial from a "neutral" rating to a "buy" rating and lifted their price target for the company from $44.00 to $55.00 in a research report on Thursday, June 26th. Keefe, Bruyette & Woods cut shares of Truist Financial from an "outperform" rating to a "market perform" rating and set a $48.00 price objective for the company. in a report on Wednesday, July 9th. Raymond James Financial upgraded shares of Truist Financial from a "market perform" rating to an "outperform" rating and set a $50.00 price objective for the company in a report on Tuesday, July 8th. Morgan Stanley restated a "mixed" rating on shares of Truist Financial in a report on Monday, July 21st. Finally, Wells Fargo & Company restated an "equal weight" rating and issued a $47.00 price objective on shares of Truist Financial in a report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Truist Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $48.47.
Check Out Our Latest Report on TFC
Truist Financial Price Performance
Shares of TFC opened at $46.06 on Monday. Truist Financial has a 1-year low of $33.56 and a 1-year high of $49.06. The stock has a market cap of $59.39 billion, a PE ratio of 12.55, a P/E/G ratio of 1.48 and a beta of 0.88. The firm has a 50-day simple moving average of $45.12 and a two-hundred day simple moving average of $41.92. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.86 and a quick ratio of 0.86.
Truist Financial (NYSE:TFC - Get Free Report) last announced its quarterly earnings results on Friday, July 18th. The insurance provider reported $0.91 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($0.02). Truist Financial had a net margin of 16.82% and a return on equity of 8.69%. The company had revenue of $5.04 billion for the quarter, compared to analyst estimates of $5.04 billion. During the same quarter in the prior year, the business earned $0.91 earnings per share. Truist Financial's revenue was down 406.0% on a year-over-year basis.
Truist Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 8th were paid a dividend of $0.52 per share. The ex-dividend date was Friday, August 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.5%. Truist Financial's payout ratio is presently 56.68%.
Insider Activity at Truist Financial
In related news, insider Bradley D. Bender sold 12,540 shares of the business's stock in a transaction 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 completion of the transaction, the insider owned 500 shares in the company, valued at approximately $22,595. The trade was a 96.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.14% of the company's stock.
Institutional Trading of Truist Financial
Several institutional investors have recently modified their holdings of TFC. Norges Bank purchased a new stake in shares of Truist Financial during the 2nd quarter worth approximately $487,401,000. Victory Capital Management Inc. lifted its position in shares of Truist Financial by 922.9% during the 1st quarter. Victory Capital Management Inc. now owns 6,664,320 shares of the insurance provider's stock worth $274,237,000 after buying an additional 6,012,817 shares during the last quarter. Invesco Ltd. lifted its position in shares of Truist Financial by 32.0% during the 1st quarter. Invesco Ltd. now owns 13,140,282 shares of the insurance provider's stock worth $540,723,000 after buying an additional 3,188,999 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Truist Financial during the 1st quarter worth approximately $117,929,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of Truist Financial by 610.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,661,895 shares of the insurance provider's stock worth $109,537,000 after buying an additional 2,287,410 shares during the last quarter. Hedge funds and other institutional investors own 71.28% of the company's stock.
About Truist Financial
(
Get Free Report)
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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