Truist Financial Co. (NYSE:TFC) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp increased its stake in Truist Financial Co. (NYSE:TFC - Free Report) by 2.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,242,763 shares of the insurance provider's stock after buying an additional 60,848 shares during the period. Stifel Financial Corp owned 0.17% of Truist Financial worth $97,291,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Bangor Savings Bank increased its holdings in Truist Financial by 92.5% in the 4th quarter. Bangor Savings Bank now owns 566 shares of the insurance provider's stock worth $25,000 after buying an additional 272 shares in the last quarter. Hopwood Financial Services Inc. bought a new stake in Truist Financial in the 4th quarter valued at $26,000. Curio Wealth LLC bought a new stake in Truist Financial in the fourth quarter worth $45,000. City State Bank raised its holdings 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 buying an additional 716 shares during the period. Finally, Brown Lisle Cummings Inc. bought a new stake in shares of Truist Financial during the 4th quarter worth approximately $55,000. 71.28% of the stock is owned by hedge funds and other institutional investors.

Truist Financial Price Performance

Shares of TFC stock traded down $0.22 during trading hours on Friday, hitting $37.68. The company's stock had a trading volume of 6,388,693 shares, compared to its average volume of 8,136,593. Truist Financial Co. has a twelve month low of $33.56 and a twelve month high of $49.06. The stock has a market cap of $49.19 billion, a price-to-earnings ratio of 11.32, a P/E/G ratio of 1.63 and a beta of 0.91. The business has a fifty day moving average of $40.41 and a 200-day moving average of $43.63. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61.

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

Truist Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders 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 yield of 5.52%. Truist Financial's dividend payout ratio is currently 61.36%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. StockNews.com raised Truist Financial from a "sell" rating to a "hold" rating in a research report on Sunday, April 20th. Morgan Stanley lowered their price target on shares of Truist Financial from $50.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Monday, April 7th. Raymond James downgraded shares of Truist Financial from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Citigroup decreased 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. Finally, Hsbc Global Res upgraded Truist Financial from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Truist Financial currently has an average rating of "Moderate Buy" and a consensus price target of $47.83.

Truist Financial 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.