Truist Financial Co. (NYSE:TFC) Shares Purchased by Carson Advisory Inc.

Carson Advisory Inc. increased its holdings in shares of Truist Financial Co. (NYSE:TFCFree Report) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,928 shares of the insurance provider’s stock after acquiring an additional 315 shares during the period. Carson Advisory Inc.’s holdings in Truist Financial were worth $810,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TFC. OFI Invest Asset Management purchased a new position in Truist Financial during the third quarter worth about $26,000. Operose Advisors LLC purchased a new position in Truist Financial during the third quarter worth about $31,000. Tyler Stone Wealth Management purchased a new position in Truist Financial during the third quarter worth about $33,000. Morton Brown Family Wealth LLC lifted its position in Truist Financial by 236.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 924 shares of the insurance provider’s stock worth $34,000 after buying an additional 649 shares during the period. Finally, Authentikos Wealth Advisory LLC purchased a new position in shares of Truist Financial in the 3rd quarter worth about $36,000. Institutional investors and hedge funds own 71.28% of the company’s stock.

Insider Transactions at Truist Financial

In other Truist Financial news, Director K. David Jr. Boyer sold 3,764 shares of Truist Financial stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $37.48, for a total value of $141,074.72. Following the sale, the director now owns 16,132 shares of the company’s stock, valued at approximately $604,627.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TFC. Stephens reiterated an “overweight” rating and issued a $43.00 target price on shares of Truist Financial in a research note on Tuesday, April 23rd. Piper Sandler increased their target price on Truist Financial from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, January 19th. Wells Fargo & Company raised their price objective on Truist Financial from $39.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Keefe, Bruyette & Woods raised their price objective on Truist Financial from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Finally, Morgan Stanley restated an “equal weight” rating and set a $43.00 price objective on shares of Truist Financial in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.88.

Read Our Latest Report on TFC

Truist Financial Stock Up 0.8 %

Shares of NYSE:TFC traded up $0.30 on Thursday, reaching $38.35. The company had a trading volume of 7,608,614 shares, compared to its average volume of 9,504,110. Truist Financial Co. has a twelve month low of $25.56 and a twelve month high of $39.29. The stock has a 50-day moving average price of $37.03 and a 200 day moving average price of $35.05. The stock has a market capitalization of $51.18 billion, a P/E ratio of -28.97, a P/E/G ratio of 1.97 and a beta of 1.07. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.75.

Truist Financial (NYSE:TFCGet Free Report) last issued its quarterly earnings results on Monday, April 22nd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.12. Truist Financial had a positive return on equity of 9.15% and a negative net margin of 4.28%. The firm had revenue of $4.87 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same period in the previous year, the company posted $1.09 earnings per share. The company’s quarterly revenue was down 8.8% compared to the same quarter last year. On average, equities analysts expect that Truist Financial Co. will post 3.28 EPS for the current year.

Truist Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 10th will be given a $0.52 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.08 annualized dividend and a dividend yield of 5.42%. Truist Financial’s dividend payout ratio is currently -157.58%.

About Truist Financial

(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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Institutional Ownership by Quarter for Truist Financial (NYSE:TFC)

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