Natixis Advisors LLC Has $26.68 Million Stock Position in Truist Financial Corporation $TFC

Natixis Advisors LLC grew its stake in Truist Financial Corporation (NYSE:TFC) by 24.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 542,182 shares of the insurance provider’s stock after purchasing an additional 108,126 shares during the quarter. Natixis Advisors LLC’s holdings in Truist Financial were worth $26,681,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Wellington Management Group LLP increased its position in shares of Truist Financial by 13,511.7% in the 3rd quarter. Wellington Management Group LLP now owns 10,386,831 shares of the insurance provider’s stock valued at $474,886,000 after buying an additional 10,310,523 shares in the last quarter. Norges Bank bought a new stake in shares of Truist Financial in the 4th quarter valued at $502,340,000. American Assets Investment Management LLC increased its position in shares of Truist Financial by 781.3% in the 4th quarter. American Assets Investment Management LLC now owns 3,384,000 shares of the insurance provider’s stock valued at $166,527,000 after buying an additional 3,000,000 shares in the last quarter. Azora Capital LP bought a new stake in shares of Truist Financial in the 3rd quarter valued at $115,417,000. Finally, Skandinaviska Enskilda Banken AB publ increased its position in shares of Truist Financial by 164.0% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 2,308,054 shares of the insurance provider’s stock valued at $105,490,000 after buying an additional 1,433,934 shares in the last quarter. Institutional investors and hedge funds own 71.28% of the company’s stock.

Truist Financial Price Performance

TFC stock opened at $49.16 on Friday. The stock has a 50-day moving average price of $48.55 and a two-hundred day moving average price of $48.96. The stock has a market cap of $61.25 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 0.81 and a beta of 0.89. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.70. Truist Financial Corporation has a 1 year low of $38.83 and a 1 year high of $56.19.

Truist Financial (NYSE:TFC) last released its earnings results on Friday, April 17th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.18 billion. Truist Financial had a return on equity of 9.55% and a net margin of 18.14%.The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 EPS. Equities analysts forecast that Truist Financial Corporation will post 4.52 EPS for the current fiscal year.

Truist Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 8th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Friday, May 8th. Truist Financial’s dividend payout ratio is currently 51.61%.

Analyst Ratings Changes

A number of research firms recently commented on TFC. Robert W. Baird cut shares of Truist Financial from an “outperform” rating to a “neutral” rating and set a $55.00 price objective for the company. in a research report on Friday, May 1st. Morgan Stanley lowered their target price on Truist Financial from $63.00 to $62.00 and set an “overweight” rating for the company in a report on Monday, April 20th. JPMorgan Chase & Co. lowered their target price on Truist Financial from $57.00 to $51.50 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Royal Bank Of Canada increased their target price on Truist Financial from $51.00 to $53.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Finally, Evercore reiterated an “outperform” rating on shares of Truist Financial in a report on Thursday, February 5th. Nine research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Truist Financial currently has an average rating of “Moderate Buy” and an average target price of $55.59.

Truist Financial Profile

Truist Financial Corporation is an American bank holding company that provides a broad range of financial services through its primary subsidiary, Truist Bank, and other operating units. The company offers traditional retail banking products and services such as deposit accounts, consumer and residential mortgage lending, and credit and debit card services. Truist also serves commercial clients with middle-market and corporate lending, treasury and payment solutions, and specialty finance products.

Beyond core banking, Truist operates wealth management, asset management, insurance and capital markets businesses.