Czech National Bank Buys 15,036 Shares of Truist Financial Co. (NYSE:TFC)

Czech National Bank lifted its position in shares of Truist Financial Co. (NYSE:TFC - Free Report) by 5.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 287,833 shares of the insurance provider's stock after buying an additional 15,036 shares during the quarter. Czech National Bank's holdings in Truist Financial were worth $12,486,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. State Street Corp boosted its holdings in Truist Financial by 4.6% in the 3rd quarter. State Street Corp now owns 61,864,957 shares of the insurance provider's stock valued at $2,645,964,000 after purchasing an additional 2,720,223 shares during the period. Geode Capital Management LLC raised its position in shares of Truist Financial by 1.7% in the third quarter. Geode Capital Management LLC now owns 27,440,951 shares of the insurance provider's stock valued at $1,169,350,000 after buying an additional 456,412 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Truist Financial by 1.0% in the second quarter. Legal & General Group Plc now owns 10,338,802 shares of the insurance provider's stock valued at $401,663,000 after buying an additional 103,565 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Truist Financial by 3.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,431,037 shares of the insurance provider's stock worth $403,365,000 after acquiring an additional 288,306 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Truist Financial by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,932,261 shares of the insurance provider's stock valued at $346,957,000 after acquiring an additional 299,196 shares in the last quarter. Institutional investors own 71.28% of the company's stock.

Insider Buying and Selling

In other news, Director K. David Jr. Boyer sold 4,966 shares of the firm's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $46.20, for a total value of $229,429.20. Following the completion of the sale, the director now directly owns 11,246 shares in the company, valued at $519,565.20. This trade represents a 30.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO William H. Rogers, Jr. purchased 34,180 shares of the business's stock in a transaction on Monday, November 25th. The stock was purchased at an average price of $48.56 per share, for a total transaction of $1,659,780.80. Following the acquisition, the chief executive officer now owns 691,451 shares of the company's stock, valued at approximately $33,576,860.56. This represents a 5.20 % increase in their position. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently commented on TFC shares. Citigroup raised their price target on Truist Financial from $47.00 to $51.00 and gave the stock a "neutral" rating in a research report on Monday, November 25th. StockNews.com cut shares of Truist Financial from a "hold" rating to a "sell" rating in a research report on Thursday, January 9th. Barclays increased their price target on shares of Truist Financial from $47.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. Hsbc Global Res upgraded shares of Truist Financial from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. raised their target price on Truist Financial from $43.50 to $47.00 and gave the company a "neutral" rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Truist Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.89.

Truist Financial Trading Up 1.6 %

Shares of TFC stock traded up $0.71 on Tuesday, hitting $43.83. The company had a trading volume of 6,426,463 shares, compared to its average volume of 6,485,333. The stock's 50-day moving average is $45.38 and its two-hundred day moving average is $43.42. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $58.19 billion, a P/E ratio of -30.65, a P/E/G ratio of 1.88 and a beta of 1.08. Truist Financial Co. has a twelve month low of $34.23 and a twelve month high of $49.06.

Truist Financial (NYSE:TFC - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.08. Truist Financial had a negative net margin of 4.89% and a positive return on equity of 9.35%. The firm had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.05 billion. On average, equities research analysts anticipate that Truist Financial Co. will post 3.7 earnings per share for the current fiscal year.

Truist Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.08 dividend on an annualized basis and a yield of 4.75%. Truist Financial's payout ratio is currently -145.45%.

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.