Truist Financial Co. (NYSE:TFC) Shares Bought by Quest Partners LLC

Quest Partners LLC raised its holdings in Truist Financial Co. (NYSE:TFC) by 81.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,754 shares of the insurance provider’s stock after acquiring an additional 2,129 shares during the quarter. Quest Partners LLC’s holdings in Truist Financial were worth $203,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of TFC. Legal & General Group Plc lifted its stake in Truist Financial by 1.0% during the second quarter. Legal & General Group Plc now owns 10,338,802 shares of the insurance provider’s stock valued at $401,663,000 after buying an additional 103,565 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Truist Financial by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 8,932,261 shares of the insurance provider’s stock valued at $346,957,000 after buying an additional 299,196 shares in the last quarter. Truist Financial Corp lifted its stake in Truist Financial by 6.7% during the second quarter. Truist Financial Corp now owns 4,931,783 shares of the insurance provider’s stock valued at $191,600,000 after buying an additional 311,523 shares in the last quarter. National Pension Service lifted its stake in Truist Financial by 14.5% during the third quarter. National Pension Service now owns 3,401,518 shares of the insurance provider’s stock valued at $145,483,000 after buying an additional 431,741 shares in the last quarter. Finally, APG Asset Management N.V. lifted its stake in Truist Financial by 3.5% during the second quarter. APG Asset Management N.V. now owns 3,197,666 shares of the insurance provider’s stock valued at $115,913,000 after buying an additional 108,819 shares in the last quarter. 71.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO William H. Rogers, Jr. bought 34,180 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were acquired at an average price of $48.56 per share, with a total value of $1,659,780.80. Following the completion of the transaction, the chief executive officer now owns 691,451 shares of the company’s stock, valued at $33,576,860.56. The trade was a 5.20 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.17% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on TFC. Compass Point upped their price objective on shares of Truist Financial from $46.00 to $47.00 in a research note on Wednesday, October 16th. UBS Group increased their price target on shares of Truist Financial from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Royal Bank of Canada increased their price target on shares of Truist Financial from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Citigroup increased their price target on shares of Truist Financial from $47.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, StockNews.com raised shares of Truist Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $47.17.

Truist Financial Trading Up 0.1 %

Shares of TFC stock opened at $47.75 on Thursday. Truist Financial Co. has a 12 month low of $31.23 and a 12 month high of $49.06. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $44.03 and its two-hundred day moving average is $41.71. The company has a market cap of $63.39 billion, a PE ratio of -33.39, a price-to-earnings-growth ratio of 1.97 and a beta of 1.05.

Truist Financial (NYSE:TFC) last announced its quarterly earnings results on Thursday, October 17th. The insurance provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.89 by $0.08. Truist Financial had a positive return on equity of 9.35% and a negative net margin of 4.89%. The company had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $5.05 billion. Equities analysts predict that Truist Financial Co. will post 3.7 EPS for the current year.

Truist Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 8th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date is Friday, November 8th. Truist Financial’s dividend payout ratio (DPR) is currently -145.45%.

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.