Daymark Wealth Partners LLC Has $363,000 Stock Holdings in Truist Financial Corporation $TFC

Daymark Wealth Partners LLC increased its holdings in shares of Truist Financial Corporation (NYSE:TFC) by 38.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 8,455 shares of the insurance provider’s stock after acquiring an additional 2,330 shares during the period. Daymark Wealth Partners LLC’s holdings in Truist Financial were worth $363,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TFC. Brighton Jones LLC grew its stake in Truist Financial by 148.5% during the fourth quarter. Brighton Jones LLC now owns 23,581 shares of the insurance provider’s stock worth $1,023,000 after purchasing an additional 14,093 shares during the period. Mather Group LLC. grew its stake in Truist Financial by 17.9% during the first quarter. Mather Group LLC. now owns 6,452 shares of the insurance provider’s stock worth $266,000 after purchasing an additional 981 shares during the period. Rossby Financial LCC acquired a new stake in Truist Financial during the first quarter worth approximately $43,000. Keybank National Association OH grew its stake in Truist Financial by 2.6% during the first quarter. Keybank National Association OH now owns 96,474 shares of the insurance provider’s stock worth $3,970,000 after purchasing an additional 2,480 shares during the period. Finally, Aaron Wealth Advisors LLC grew its stake in Truist Financial by 12.7% during the first quarter. Aaron Wealth Advisors LLC now owns 8,691 shares of the insurance provider’s stock worth $358,000 after purchasing an additional 979 shares during the period. Institutional investors and hedge funds own 71.28% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on TFC. Raymond James Financial reissued an “outperform” rating on shares of Truist Financial in a research note on Tuesday, October 7th. Evercore ISI raised their price objective on Truist Financial from $48.00 to $50.00 and gave the company an “in-line” rating in a research note on Tuesday, September 30th. Piper Sandler set a $48.00 price objective on Truist Financial in a research note on Monday, October 20th. Morgan Stanley raised their price objective on Truist Financial from $54.00 to $55.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Truist Financial in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.59.

Truist Financial Trading Up 0.8%

NYSE TFC opened at $44.68 on Friday. The firm has a market capitalization of $57.61 billion, a P/E ratio of 12.01, a PEG ratio of 1.20 and a beta of 0.88. The business has a fifty day simple moving average of $45.04 and a 200 day simple moving average of $42.78. Truist Financial Corporation has a 12 month low of $33.56 and a 12 month high of $49.06. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.70.

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

Truist Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Friday, November 14th. Truist Financial’s dividend payout ratio (DPR) is 55.91%.

About Truist Financial

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.