Heritage Oak Wealth Advisors LLC purchased a new stake in Truist Financial Co. (NYSE:TFC – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,552 shares of the insurance provider’s stock, valued at approximately $280,000.
A number of other hedge funds also recently made changes to their positions in the stock. Crewe Advisors LLC bought a new position in Truist Financial during the 1st quarter worth approximately $27,000. MFA Wealth Advisors LLC acquired a new position in shares of Truist Financial during the second quarter valued at about $30,000. Y.D. More Investments Ltd bought a new stake in shares of Truist Financial during the second quarter worth about $31,000. Hobbs Group Advisors LLC acquired a new stake in shares of Truist Financial in the 2nd quarter worth about $38,000. Finally, Beacon Capital Management LLC lifted its position in Truist Financial by 57.4% in the 1st quarter. Beacon Capital Management LLC now owns 1,015 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 370 shares in the last quarter. 71.28% of the stock is currently owned by institutional investors.
Truist Financial Price Performance
TFC traded down $0.56 during trading on Friday, reaching $42.86. The stock had a trading volume of 1,403,444 shares, compared to its average volume of 8,259,626. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The business has a 50-day moving average of $42.76 and a 200-day moving average of $40.41. Truist Financial Co. has a one year low of $27.38 and a one year high of $45.31. The stock has a market cap of $57.40 billion, a PE ratio of -30.36, a PEG ratio of 1.84 and a beta of 1.05.
Truist Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 8th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date of this dividend is Friday, November 8th. Truist Financial’s payout ratio is -145.45%.
Analyst Ratings Changes
Several analysts have recently commented on the company. Keefe, Bruyette & Woods increased their price objective on Truist Financial from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Baird R W lowered shares of Truist Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Bank of America increased their price target on shares of Truist Financial from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Argus raised their target price on Truist Financial from $44.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, Compass Point boosted their price target on shares of Truist Financial from $46.00 to $47.00 in a research report on Wednesday, October 16th. Twelve equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $46.02.
Get Our Latest Stock Report on Truist Financial
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.
Featured Stories
- Five stocks we like better than Truist Financial
- Health Care Stocks Explained: Why You Might Want to Invest
- Texas Roadhouse Stock Steering for New Highs This Year
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- Consumer Staples Stocks, Explained
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Want to see what other hedge funds are holding TFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Truist Financial Co. (NYSE:TFC – Free Report).
Receive News & Ratings for Truist Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Truist Financial and related companies with MarketBeat.com's FREE daily email newsletter.