Capital International Inc. CA Acquires 98,508 Shares of Truist Financial Co. (NYSE:TFC)

Capital International Inc. CA lifted its holdings in shares of Truist Financial Co. (NYSE:TFC - Free Report) by 13.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 829,286 shares of the insurance provider's stock after purchasing an additional 98,508 shares during the period. Capital International Inc. CA owned 0.06% of Truist Financial worth $35,974,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Bangor Savings Bank grew its position in shares of Truist Financial by 92.5% in the 4th quarter. Bangor Savings Bank now owns 566 shares of the insurance provider's stock valued at $25,000 after buying an additional 272 shares during the last quarter. Hopwood Financial Services Inc. acquired a new position in shares of Truist Financial in the fourth quarter worth approximately $26,000. Curio Wealth LLC bought a new stake in Truist Financial in the fourth quarter valued at approximately $45,000. City State Bank increased its position in Truist Financial by 158.1% during the 4th quarter. City State Bank now owns 1,169 shares of the insurance provider's stock valued at $51,000 after purchasing an additional 716 shares during the period. Finally, Brown Lisle Cummings Inc. bought a new position in Truist Financial during the 4th quarter worth approximately $55,000. Institutional investors own 71.28% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on TFC. Raymond James cut shares of Truist Financial from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. Barclays cut their price target on shares of Truist Financial from $51.00 to $47.00 and set an "equal weight" rating on the stock in a research report on Monday. Wells Fargo & Company decreased their target price on Truist Financial from $52.00 to $50.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Baird R W raised Truist Financial from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Finally, Morgan Stanley reduced their price objective on shares of Truist Financial from $50.00 to $43.00 and set an "equal weight" rating for the company in a research report on Monday, April 7th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $47.83.

Truist Financial Stock Performance

TFC traded up $0.80 during trading hours on Wednesday, hitting $37.14. The stock had a trading volume of 8,599,108 shares, compared to its average volume of 9,598,737. Truist Financial Co. has a 1 year low of $33.56 and a 1 year high of $49.06. The company's fifty day simple moving average is $40.79 and its 200 day simple moving average is $43.71. The stock has a market cap of $48.48 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 1.63 and a beta of 0.91. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61.

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

Truist Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date of this dividend was Friday, February 14th. Truist Financial's payout ratio is presently 61.36%.

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.