Truist Financial - TFC Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Truist Financial in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" TFC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TFC, but not buy additional shares or sell existing shares.
View TFC analyst ratings or view top-rated stocks.

14 equities research analysts have issued 12 month target prices for Truist Financial's shares. Their TFC share price forecasts range from $41.00 to $60.00. On average, they expect the company's stock price to reach $51.91 in the next year. This suggests a possible upside of 3.0% from the stock's current price.
View analysts price targets for TFC or view top-rated stocks among Wall Street analysts.

Truist Financial's stock was trading at $43.03 on January 1st, 2023. Since then, TFC shares have increased by 17.1% and is now trading at $50.39.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 18th 2023.
View our TFC earnings forecast.

Truist Financial Co. (NYSE:TFC) announced its earnings results on Thursday, October, 14th. The insurance provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.22. The insurance provider had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.53 billion. Truist Financial had a trailing twelve-month return on equity of 12.53% and a net margin of 24.69%. The company's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 earnings per share.
Read the conference call transcript.

Truist Financial declared a quarterly dividend on Tuesday, January 24th. Stockholders of record on Friday, February 10th will be paid a dividend of $0.52 per share on Wednesday, March 1st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date is Thursday, February 9th.
Read our dividend analysis for TFC.

Truist Financial (NYSE:TFC) pays an annual dividend of $2.08 per share and currently has a dividend yield of 4.21%. TFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 46.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TFC will have a dividend payout ratio of 40.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TFC.

108 employees have rated Truist Financial Chief Executive Officer Kelly S. King on Glassdoor.com. Kelly S. King has an approval rating of 92% among the company's employees. This puts Kelly S. King in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Truist Financial investors own include Bank of America (BAC), AT&T (T), JPMorgan Chase & Co. (JPM), AbbVie (ABBV), Verizon Communications (VZ), Wells Fargo & Company (WFC), Walt Disney (DIS), Exxon Mobil (XOM), Johnson & Johnson (JNJ) and Pfizer (PFE).

Truist Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "TFC."

Truist Financial's stock is owned by many different retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.30%), New York State Common Retirement Fund (0.20%), DekaBank Deutsche Girozentrale (0.16%), Assenagon Asset Management S.A. (0.16%), Bank of Montreal Can (0.15%) and New York State Teachers Retirement System (0.11%). Insiders that own company stock include Brantley J Standridge, Brantley J Standridge, Clarke R Starnes III, Cynthia B Powell, Daryl N Bible, David Hudson Weaver, David M Ratcliffe, Ellen Koebler, Hugh S Cummins III, Joseph M Thompson, K David Jr Boyer, Kelly S King, Kimberly Moore-Wright, Michael Baron Maguire, Nido R Qubein, Scott Case, Steven C Voorhees, Thomas Nichols Thompson and William H Rogers Jr.
View institutional ownership trends.

Shares of TFC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TFC stock can currently be purchased for approximately $50.39.

Truist Financial (NYSE:TFC) has a market capitalization of $66.86 billion and generates $25.36 billion in revenue each year. The insurance provider earns $6.26 billion in net income (profit) each year or $4.43 on an earnings per share basis.

The company employs 52,641 workers across the globe.

Truist Financial's mailing address is 214 NORTH TRYON STREET, CHARLOTTE NC, 28202. The official website for the company is www.truist.com. The insurance provider can be reached via phone at (336) 733-2000, via email at investors@truist.com, or via fax at 336-721-3499.