144,895 Shares in Truist Financial Co. (NYSE:TFC) Bought by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC bought a new stake in Truist Financial Co. (NYSE:TFC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 144,895 shares of the insurance provider’s stock, valued at approximately $5,350,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Morton Brown Family Wealth LLC grew its position in shares of Truist Financial by 236.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 924 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 649 shares during the period. OFI Invest Asset Management acquired a new position in shares of Truist Financial in the third quarter valued at approximately $26,000. Criterion Capital Advisors LLC bought a new stake in shares of Truist Financial during the fourth quarter worth $38,000. Operose Advisors LLC acquired a new stake in shares of Truist Financial during the third quarter worth $31,000. Finally, Tyler Stone Wealth Management bought a new stake in Truist Financial in the 3rd quarter valued at $33,000. Institutional investors own 71.28% of the company’s stock.

Insider Buying and Selling at Truist Financial

In other news, Director K. David Jr. Boyer sold 3,764 shares of Truist Financial stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $37.48, for a total transaction of $141,074.72. Following the completion of the sale, the director now owns 16,132 shares of the company’s stock, valued at $604,627.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

TFC has been the subject of a number of research reports. UBS Group increased their target price on Truist Financial from $45.00 to $49.00 and gave the stock a “buy” rating in a report on Friday, April 5th. JPMorgan Chase & Co. lifted their target price on Truist Financial from $39.50 to $40.50 and gave the company a “neutral” rating in a research report on Wednesday. Citigroup upped their price target on Truist Financial from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Piper Sandler lifted their price objective on shares of Truist Financial from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, January 19th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Truist Financial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Truist Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.88.

Truist Financial Stock Performance

TFC traded up $0.50 during trading hours on Friday, reaching $38.85. The company’s stock had a trading volume of 8,081,419 shares, compared to its average volume of 8,655,990. The company’s 50-day moving average is $37.16 and its 200-day moving average is $35.14. Truist Financial Co. has a 52 week low of $25.56 and a 52 week high of $39.29. The firm has a market cap of $51.85 billion, a PE ratio of -29.43, a price-to-earnings-growth ratio of 2.01 and a beta of 1.07. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.82 and a current ratio of 0.82.

Truist Financial (NYSE:TFC) last issued its quarterly earnings data on Monday, April 22nd. The insurance provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.12. The company had revenue of $4.87 billion for the quarter, compared to analyst estimates of $5.70 billion. Truist Financial had a negative net margin of 4.28% and a positive return on equity of 9.15%. The company’s revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 earnings per share. On average, equities analysts forecast that Truist Financial Co. will post 3.3 EPS for the current year.

Truist Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 10th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.08 annualized dividend and a yield of 5.35%. Truist Financial’s dividend payout ratio (DPR) is presently -157.58%.

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.