Epoch Investment Partners Inc. Decreases Stake in Truist Financial Co. (NYSE:TFC)

Epoch Investment Partners Inc. trimmed its stake in shares of Truist Financial Co. (NYSE:TFC - Free Report) by 3.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,291,411 shares of the insurance provider's stock after selling 44,521 shares during the quarter. Epoch Investment Partners Inc. owned 0.10% of Truist Financial worth $56,021,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TFC. PBMares Wealth Management LLC raised its stake in Truist Financial by 0.8% during the 4th quarter. PBMares Wealth Management LLC now owns 29,270 shares of the insurance provider's stock worth $1,270,000 after acquiring an additional 224 shares in the last quarter. Koshinski Asset Management Inc. increased its position in Truist Financial by 2.1% during the fourth quarter. Koshinski Asset Management Inc. now owns 10,825 shares of the insurance provider's stock worth $470,000 after buying an additional 225 shares during the period. Aaron Wealth Advisors LLC boosted its holdings in shares of Truist Financial by 3.0% in the fourth quarter. Aaron Wealth Advisors LLC now owns 7,712 shares of the insurance provider's stock valued at $335,000 after acquiring an additional 227 shares during the period. FWG Holdings LLC grew its position in shares of Truist Financial by 4.3% during the fourth quarter. FWG Holdings LLC now owns 5,694 shares of the insurance provider's stock worth $267,000 after acquiring an additional 234 shares during the last quarter. Finally, Ignite Planners LLC increased its stake in Truist Financial by 1.4% in the fourth quarter. Ignite Planners LLC now owns 17,499 shares of the insurance provider's stock valued at $772,000 after purchasing an additional 246 shares during the period. 71.28% of the stock is currently owned by hedge funds and other institutional investors.

Truist Financial Trading Up 0.2 %

Shares of NYSE TFC traded up $0.06 during midday trading on Friday, reaching $37.96. 1,805,589 shares of the stock were exchanged, compared to its average volume of 8,118,674. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $49.55 billion, a P/E ratio of 11.39, a P/E/G ratio of 1.63 and a beta of 0.91. The stock has a 50 day moving average price of $40.41 and a 200-day moving average price of $43.63. 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 released its earnings results on Thursday, April 17th. The insurance provider reported $0.87 EPS for the quarter, hitting the consensus estimate of $0.87. Truist Financial had a net margin of 15.59% and a return on equity of 9.32%. The firm had revenue of $4.95 billion during the quarter, compared to analysts' expectations of $4.99 billion. During the same period in the previous year, the company earned $0.90 EPS. Equities research analysts expect that Truist Financial Co. will post 4 earnings per share for the current fiscal year.

Truist Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.52 per share. The ex-dividend date was Friday, February 14th. This represents a $2.08 annualized dividend and a dividend yield of 5.48%. Truist Financial's dividend payout ratio is presently 61.36%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TFC shares. Argus set a $43.00 target price on Truist Financial in a research note on Monday. Morgan Stanley dropped their price objective on shares of Truist Financial from $50.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Monday, April 7th. Barclays reduced their target price on shares of Truist Financial from $51.00 to $47.00 and set an "equal weight" rating for the company in a research note on Monday. Robert W. Baird upgraded shares of Truist Financial from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $48.00 to $52.00 in a research note on Wednesday, March 5th. Finally, Stephens lowered their price objective on Truist Financial from $48.00 to $46.00 and set an "overweight" rating on the stock in a report on Monday. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $47.83.

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.