6,671 Shares in Truist Financial Co. (NYSE:TFC) Acquired by Eisler Capital Management Ltd.

Eisler Capital Management Ltd. bought a new stake in Truist Financial Co. (NYSE:TFC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,671 shares of the insurance provider’s stock, valued at approximately $289,000.

Other large investors also recently added to or reduced their stakes in the company. Capital International Investors lifted its stake in Truist Financial by 26.0% in the fourth quarter. Capital International Investors now owns 90,617,519 shares of the insurance provider’s stock worth $3,930,983,000 after acquiring an additional 18,712,246 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Truist Financial by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 27,975,691 shares of the insurance provider’s stock worth $1,210,348,000 after purchasing an additional 534,740 shares during the last quarter. Amundi grew its stake in shares of Truist Financial by 6.5% during the fourth quarter. Amundi now owns 23,683,345 shares of the insurance provider’s stock worth $1,040,718,000 after purchasing an additional 1,450,323 shares in the last quarter. Northern Trust Corp increased its holdings in Truist Financial by 20.5% in the fourth quarter. Northern Trust Corp now owns 14,434,173 shares of the insurance provider’s stock valued at $626,154,000 after buying an additional 2,452,239 shares during the last quarter. Finally, FMR LLC raised its stake in Truist Financial by 109.1% in the fourth quarter. FMR LLC now owns 10,460,159 shares of the insurance provider’s stock valued at $453,762,000 after buying an additional 5,457,053 shares in the last quarter. 71.28% of the stock is currently owned by institutional investors and hedge funds.

Truist Financial Trading Down 1.7 %

NYSE TFC opened at $38.88 on Friday. Truist Financial Co. has a 52-week low of $33.56 and a 52-week high of $49.06. The firm has a 50-day moving average price of $38.86 and a 200 day moving average price of $43.30. The stock has a market capitalization of $50.91 billion, a P/E ratio of 11.68, a P/E/G ratio of 1.63 and a beta of 0.83. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61.

Truist Financial (NYSE:TFC) last posted its quarterly earnings results on Thursday, April 17th. The insurance provider reported $0.87 EPS for the quarter, meeting the consensus estimate of $0.87. The business had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $4.99 billion. Truist Financial had a return on equity of 9.32% and a net margin of 15.59%. During the same period last year, the firm earned $0.90 EPS. Equities research analysts expect that Truist Financial Co. will post 4 EPS for the current year.

Truist Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 9th will be issued a $0.52 dividend. The ex-dividend date is Friday, May 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.35%. Truist Financial’s dividend payout ratio is presently 61.36%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TFC. Baird R W upgraded Truist Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Piper Sandler cut their price objective on shares of Truist Financial from $45.00 to $41.00 and set a “neutral” rating on the stock in a report on Monday, April 21st. StockNews.com upgraded shares of Truist Financial from a “sell” rating to a “hold” rating in a research report on Wednesday. Stephens cut their price target on shares of Truist Financial from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Monday, April 21st. Finally, Argus set a $43.00 price objective on shares of Truist Financial in a research note on Monday, April 21st. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Truist Financial presently has an average rating of “Moderate Buy” and a consensus target price of $48.06.

Truist Financial 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.