Truist Financial Co. (NYSE:TFC) Received Consensus “Hold” Recommendation From Brokerages

Shares of Truist Financial Co. (NYSE:TFC) received a consensus recommendation of “Hold” by the fifteen research firms that currently cover the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned the company a buy rating. The 12-month average price target among analysts who have covered the stock over the past year is $68.46.

TFC has been the subject of a number of recent research reports. Morgan Stanley raised its price target on Truist Financial from $68.00 to $72.00 and gave the stock an “equal weight” rating in a Monday, Dec. 6 research note. Barclays raised its price target on Truist Financial from $64.00 to $72.00 in a Monday, January 3 research note. Citigroup upgraded Truist Financial from a “neutral” rating to a “buy” rating and raised its price target for the stock from $63.00 to $72.00 in a Friday, Oct. 1 research note. They noted that the move was a review call. UBS Group has upgraded Truist Financial from a “neutral” rating to a “buy” rating and raised its price target for the stock from $63.00 to $77.00 in a Wednesday, January 19 research note . Finally, Jefferies Financial Group raised its price target on Truist Financial from $61.00 to $66.00 and gave the stock a “hold” rating in a Monday, October 11 research note.

Separately, Executive Vice President Joseph M. Thompson sold 3,750 shares in a trade dated Wednesday, January 19. The stock was sold at an average price of $67.69, for a total transaction of $253,837.50. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Also, VPE Michel Baron Maguire sold 4,000 shares of the company in a transaction dated Tuesday, November 9. The stock was sold at an average price of $64.70, for a total value of $258,800.00. Disclosure of this sale can be found here. 0.37% of the shares are currently held by company insiders.

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A number of hedge funds and other institutional investors have recently changed their holdings in TFC. Hanson & Doremus Investment Management increased its stake in Truist Financial by 456.4% during the 4th quarter. Hanson & Doremus Investment Management now owns 434 shares of the insurance provider worth $25,000 after buying 356 additional shares during the period. Reilly Financial Advisors LLC bought a new position in shares of Truist Financial in Q4, valued at around $28,000. Crewe Advisors LLC increased its stake in shares of Truist Financial by 61.1% in Q3. Crewe Advisors LLC now owns 493 shares of the insurance provider valued at $29,000 after acquiring 187 additional shares in the last quarter. Tower View Investment Management & Research LLC bought a new position in shares of Truist Financial in Q3 worth approximately $29,000. Finally, Ancora Advisors LLC increased its stake in shares of Truist Financial by 140.5% in the 2nd quarter. Ancora Advisors LLC now owns 546 shares of the insurance provider valued at $30,000 after acquiring 319 additional shares in the last quarter. Institutional investors hold 71.89% of the company’s shares.

Shares of TFC opened at $62.58 on Friday. The company has a debt ratio of 0.61, a quick ratio of 0.75 and a current ratio of 0.77. Truist Financial has a 1-year low of $47.69 and a 1-year high of $68.95. The stock has a market capitalization of $83.54 billion, a price-earnings ratio of 14.76, a PEG ratio of 1.65 and a beta of 1.27. The stock has a 50-day moving average price of $61.18 and a 200-day moving average price of $59.45.

Truist Financial (NYSE:TFC) last released its quarterly results on Tuesday, January 18. The insurance provider reported EPS of $1.38 for the quarter, beating Thomson Reuters consensus estimate of $1.26 by $0.12. Truist Financial had a return on equity of 12.11% and a net margin of 25.94%. In the same quarter of the previous year, the company had earned earnings per share of $1.18. On average, analysts predict that Truist Financial will post earnings per share of 5.41 for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 1. Investors of record on Friday, February 11 will receive a dividend of $0.48 per share. This represents an annualized dividend of $1.92 and a yield of 3.07%. The ex-date of this dividend is Thursday, February 10. The payout ratio of Truist Financial is 45.28%.

Truist Financial Company Profile

True Financial Corp. operates as a financial holding company, which provides banking services to individuals, businesses and municipalities. The company offers a variety of loans and lease financings to individuals and entities, including insurance premium financing, commercial real estate permanent financing arrangements, loan servicing for third-party investors , consumer direct loans to individuals, credit card loans, automobile financing and equipment. funding.

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Analyst Recommendations for Truist Financial (NYSE: TFC)

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