Truist Financial Corporation $TFC Shares Acquired by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC raised its holdings in shares of Truist Financial Corporation (NYSE:TFC) by 6.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,811 shares of the insurance provider’s stock after purchasing an additional 1,287 shares during the period. AlphaStar Capital Management LLC’s holdings in Truist Financial were worth $852,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TFC. Brighton Jones LLC increased its position in shares of Truist Financial by 148.5% in the 4th quarter. Brighton Jones LLC now owns 23,581 shares of the insurance provider’s stock valued at $1,023,000 after acquiring an additional 14,093 shares during the period. Mather Group LLC. increased its position in shares of Truist Financial by 17.9% in the 1st quarter. Mather Group LLC. now owns 6,452 shares of the insurance provider’s stock valued at $266,000 after acquiring an additional 981 shares during the period. Rossby Financial LCC acquired a new position in shares of Truist Financial in the 1st quarter valued at $43,000. Keybank National Association OH increased its position in shares of Truist Financial by 2.6% in the 1st quarter. Keybank National Association OH now owns 96,474 shares of the insurance provider’s stock valued at $3,970,000 after acquiring an additional 2,480 shares during the period. Finally, Aaron Wealth Advisors LLC increased its position in shares of Truist Financial by 12.7% in the 1st quarter. Aaron Wealth Advisors LLC now owns 8,691 shares of the insurance provider’s stock valued at $358,000 after acquiring an additional 979 shares during the period. 71.28% of the stock is owned by institutional investors and hedge funds.

Truist Financial Price Performance

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

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

Truist Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, November 14th. Truist Financial’s dividend payout ratio is presently 55.91%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. UBS Group set a $55.00 target price on Truist Financial in a research report on Tuesday, October 21st. Keefe, Bruyette & Woods upped their target price on Truist Financial from $48.00 to $49.00 and gave the company a “market perform” rating in a research report on Monday, October 20th. Piper Sandler set a $48.00 target price on Truist Financial in a research report on Monday, October 20th. Morgan Stanley increased their price target on Truist Financial from $54.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Truist Financial in a research report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Truist Financial presently has an average rating of “Moderate Buy” and a consensus price target of $50.59.

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.