Truist Financial Corporation $TFC Stake Lifted by Strs Ohio

Strs Ohio increased its stake in Truist Financial Corporation (NYSE:TFC) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 807,691 shares of the insurance provider’s stock after acquiring an additional 13,608 shares during the period. Strs Ohio owned approximately 0.06% of Truist Financial worth $34,723,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Amundi boosted its holdings in shares of Truist Financial by 4.6% in the first quarter. Amundi now owns 24,774,656 shares of the insurance provider’s stock valued at $1,019,477,000 after acquiring an additional 1,091,311 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Truist Financial by 32.0% in the first quarter. Invesco Ltd. now owns 13,140,282 shares of the insurance provider’s stock valued at $540,723,000 after acquiring an additional 3,188,999 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Truist Financial by 21.8% in the first quarter. American Century Companies Inc. now owns 12,041,524 shares of the insurance provider’s stock valued at $495,509,000 after acquiring an additional 2,158,639 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Truist Financial by 0.9% in the first quarter. Federated Hermes Inc. now owns 9,511,639 shares of the insurance provider’s stock valued at $391,404,000 after acquiring an additional 89,373 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Truist Financial by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 8,030,898 shares of the insurance provider’s stock valued at $330,408,000 after acquiring an additional 408,726 shares in the last quarter. 71.28% of the stock is currently owned by institutional investors.

Truist Financial Trading Up 0.9%

Truist Financial stock opened at $44.29 on Friday. The company has a 50 day moving average price of $45.07 and a 200 day moving average price of $42.72. Truist Financial Corporation has a 52 week low of $33.56 and a 52 week high of $49.06. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market capitalization of $57.11 billion, a price-to-earnings ratio of 11.91, a P/E/G ratio of 1.20 and a beta of 0.88.

Truist Financial (NYSE:TFC) last posted its quarterly earnings data on Friday, October 17th. The insurance provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.05. Truist Financial had a net margin of 16.84% and a return on equity of 8.73%. The firm had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.20 billion. During the same quarter last year, the business posted $0.97 EPS. The company’s revenue 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 forecast that Truist Financial Corporation will post 4 EPS for the current year.

Truist Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be paid a $0.52 dividend. The ex-dividend date of this dividend 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 currently 55.91%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TFC. Morgan Stanley increased their price objective on shares of Truist Financial from $54.00 to $55.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Piper Sandler set a $48.00 target price on shares of Truist Financial in a report on Monday, October 20th. TD Cowen upgraded shares of Truist Financial from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Tuesday, October 21st. Wells Fargo & Company restated an “equal weight” rating and set a $47.00 target price on shares of Truist Financial in a report on Thursday, August 21st. Finally, Keefe, Bruyette & Woods raised their target price on shares of Truist Financial from $48.00 to $49.00 and gave the stock a “market perform” rating in a report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.59.

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.