Texas Yale Capital Corp. Acquires 2,032 Shares of Truist Financial Corporation $TFC

Texas Yale Capital Corp. boosted its holdings in shares of Truist Financial Corporation (NYSE:TFC) by 16.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,530 shares of the insurance provider’s stock after purchasing an additional 2,032 shares during the quarter. Texas Yale Capital Corp.’s holdings in Truist Financial were worth $625,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of TFC. Wealth Preservation Advisors LLC bought a new stake in shares of Truist Financial in the 1st quarter worth about $25,000. Princeton Global Asset Management LLC bought a new position in shares of Truist Financial in the 2nd quarter valued at about $30,000. Motco grew its position in Truist Financial by 435.6% in the first quarter. Motco now owns 798 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 649 shares in the last quarter. Ramirez Asset Management Inc. increased its stake in Truist Financial by 60.0% during the second quarter. Ramirez Asset Management Inc. now owns 800 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 300 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its position in Truist Financial by 115.3% during the first quarter. Meeder Asset Management Inc. now owns 874 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 468 shares during the period. Institutional investors own 71.28% of the company’s stock.

Truist Financial Trading Up 1.6%

NYSE TFC opened at $44.71 on Friday. The stock has a market cap of $57.20 billion, a PE ratio of 12.02, a PEG ratio of 1.20 and a beta of 0.92. The company’s 50-day moving average price is $44.80 and its 200-day moving average price is $43.07. Truist Financial Corporation has a 12 month low of $33.56 and a 12 month high of $49.06. 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 (NYSE:TFC) last announced its quarterly earnings results on Friday, October 17th. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.05. The firm had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.20 billion. Truist Financial had a return on equity of 8.73% and a net margin of 16.84%.Truist Financial’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.97 earnings per share. Truist Financial has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts forecast that Truist Financial Corporation will post 4 earnings per share for the current year.

Truist Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be paid a dividend of $0.52 per share. The ex-dividend date is Friday, November 14th. This represents a $2.08 annualized dividend and a dividend yield of 4.7%. Truist Financial’s dividend payout ratio (DPR) is currently 55.91%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TFC shares. TD Cowen upgraded Truist Financial from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Tuesday, October 21st. Evercore ISI raised their price target on Truist Financial from $48.00 to $50.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 30th. Keefe, Bruyette & Woods lifted their price objective on shares of Truist Financial from $48.00 to $49.00 and gave the stock a “market perform” rating in a research note on Monday, October 20th. Morgan Stanley increased their target price on shares of Truist Financial from $54.00 to $55.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Finally, UBS Group set a $55.00 target price on shares of Truist Financial in a report on Tuesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Truist Financial presently has an average rating of “Moderate Buy” and an average price target of $50.59.

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.