Oxford Asset Management LLP Buys Shares of 17,322 Truist Financial Co. (NYSE:TFC)

Oxford Asset Management LLP acquired a new stake in shares of Truist Financial Co. (NYSE:TFC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,322 shares of the insurance provider's stock, valued at approximately $751,000.

Other institutional investors also recently bought and sold shares of the company. Coldstream Capital Management Inc. increased its stake in shares of Truist Financial by 2.8% during the fourth quarter. Coldstream Capital Management Inc. now owns 21,355 shares of the insurance provider's stock valued at $926,000 after purchasing an additional 591 shares in the last quarter. Capital Analysts LLC grew its holdings in shares of Truist Financial by 26.4% in the fourth quarter. Capital Analysts LLC now owns 5,814 shares of the insurance provider's stock worth $252,000 after acquiring an additional 1,216 shares during the period. Voya Financial Advisors Inc. increased its position in Truist Financial by 1.1% during the fourth quarter. Voya Financial Advisors Inc. now owns 29,744 shares of the insurance provider's stock valued at $1,290,000 after acquiring an additional 333 shares during the last quarter. Hancock Whitney Corp increased its position in Truist Financial by 8.8% during the fourth quarter. Hancock Whitney Corp now owns 53,851 shares of the insurance provider's stock valued at $2,336,000 after acquiring an additional 4,338 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in Truist Financial by 1.6% during the fourth quarter. Voya Investment Management LLC now owns 370,697 shares of the insurance provider's stock valued at $16,081,000 after acquiring an additional 5,895 shares during the last quarter. 71.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on TFC. Baird R W upgraded Truist Financial from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Hsbc Global Res raised Truist Financial from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. Citigroup lowered their price objective on Truist Financial from $51.00 to $44.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. Keefe, Bruyette & Woods lowered their price objective on Truist Financial from $53.00 to $47.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. Finally, JPMorgan Chase & Co. decreased their price target on Truist Financial from $48.00 to $42.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $47.83.

Truist Financial Stock Up 1.1 %

Shares of TFC stock traded up $0.44 during mid-day trading on Tuesday, hitting $38.78. 10,904,964 shares of the stock traded hands, compared to its average volume of 8,175,954. The stock has a market cap of $50.62 billion, a P/E ratio of 11.65, a P/E/G ratio of 1.63 and a beta of 0.91. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.83 and a quick ratio of 0.83. The stock's fifty day moving average is $40.03 and its two-hundred day moving average is $43.58. Truist Financial Co. has a 52-week low of $33.56 and a 52-week high of $49.06.

Truist Financial (NYSE:TFC - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The insurance provider reported $0.87 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.87. The company had revenue of $4.95 billion during the quarter, compared to analyst estimates of $4.99 billion. Truist Financial had a net margin of 15.59% and a return on equity of 9.32%. During the same period last year, the firm posted $0.90 EPS. Equities analysts predict that Truist Financial Co. will post 4 EPS for the current year.

About Truist Financial

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.