Creative Financial Designs Inc. ADV Has $1.45 Million Stock Holdings in Truist Financial Corporation $TFC

Creative Financial Designs Inc. ADV grew its holdings in Truist Financial Corporation (NYSE:TFC) by 901.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,641 shares of the insurance provider’s stock after buying an additional 30,283 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Truist Financial were worth $1,446,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Hawaiian Bank increased its stake in shares of Truist Financial by 8.6% in the first quarter. First Hawaiian Bank now owns 11,991 shares of the insurance provider’s stock valued at $493,000 after buying an additional 948 shares in the last quarter. Code Waechter LLC acquired a new stake in shares of Truist Financial in the first quarter valued at $365,000. Credit Agricole S A boosted its holdings in Truist Financial by 76.4% in the first quarter. Credit Agricole S A now owns 500,384 shares of the insurance provider’s stock valued at $20,591,000 after acquiring an additional 216,672 shares during the last quarter. Adapt Wealth Advisors LLC boosted its holdings in Truist Financial by 78.9% in the first quarter. Adapt Wealth Advisors LLC now owns 20,456 shares of the insurance provider’s stock valued at $842,000 after acquiring an additional 9,021 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in Truist Financial by 73.9% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 46,626 shares of the insurance provider’s stock valued at $1,919,000 after acquiring an additional 19,820 shares during the last quarter. 71.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TFC. Piper Sandler set a $48.00 price target on Truist Financial in a report on Monday, October 20th. Evercore ISI raised their price target on Truist Financial from $48.00 to $50.00 and gave the company an “in-line” rating in a report on Tuesday, September 30th. Keefe, Bruyette & Woods raised their price target on Truist Financial from $48.00 to $49.00 and gave the company a “market perform” rating in a report on Monday, October 20th. Morgan Stanley raised their price target on Truist Financial from $54.00 to $55.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Finally, TD Cowen upgraded Truist Financial from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Tuesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $50.59.

Truist Financial Price Performance

Shares of TFC opened at $44.68 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.70. Truist Financial Corporation has a 1 year low of $33.56 and a 1 year high of $49.06. The stock has a market cap of $57.61 billion, a P/E ratio of 12.01, a price-to-earnings-growth ratio of 1.20 and a beta of 0.88. The stock’s 50-day moving average price is $45.04 and its two-hundred day moving average price is $42.78.

Truist Financial (NYSE:TFC) last issued its earnings results on Friday, October 17th. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.05. Truist Financial had a return on equity of 8.73% and a net margin of 16.84%.The firm had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.20 billion. During the same quarter last year, the business earned $0.97 earnings per share. The company’s revenue was up 1.9% compared to the same quarter last year. Truist Financial has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts predict that Truist Financial Corporation will post 4 earnings per share for the current year.

Truist Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a dividend of $0.52 per share. The ex-dividend date is Friday, November 14th. This represents a $2.08 dividend on an annualized basis and a yield of 4.7%. Truist Financial’s dividend payout ratio (DPR) is 55.91%.

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.