Intrua Financial LLC Raises Stake in Truist Financial Corporation $TFC

Intrua Financial LLC increased its stake in shares of Truist Financial Corporation (NYSE:TFC) by 7.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,572 shares of the insurance provider’s stock after buying an additional 1,633 shares during the period. Intrua Financial LLC’s holdings in Truist Financial were worth $970,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Clearstead Trust LLC grew its position in shares of Truist Financial by 55.0% during the 2nd quarter. Clearstead Trust LLC now owns 2,861 shares of the insurance provider’s stock valued at $123,000 after acquiring an additional 1,015 shares during the period. Arvest Bank Trust Division increased its position in Truist Financial by 1.7% in the second quarter. Arvest Bank Trust Division now owns 57,258 shares of the insurance provider’s stock worth $2,462,000 after buying an additional 931 shares during the last quarter. MV Capital Management Inc. increased its position in Truist Financial by 14.5% in the second quarter. MV Capital Management Inc. now owns 3,912 shares of the insurance provider’s stock worth $168,000 after buying an additional 496 shares during the last quarter. ABN Amro Investment Solutions bought a new stake in shares of Truist Financial in the second quarter valued at $4,783,000. Finally, Police & Firemen s Retirement System of New Jersey lifted its position in shares of Truist Financial by 2.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 198,046 shares of the insurance provider’s stock valued at $8,514,000 after buying an additional 4,222 shares during the last quarter. Institutional investors own 71.28% of the company’s stock.

Truist Financial Stock Performance

NYSE TFC opened at $45.34 on Friday. The company’s 50 day simple moving average is $44.69 and its two-hundred day simple moving average is $43.29. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.86. Truist Financial Corporation has a 1 year low of $33.56 and a 1 year high of $49.06. The stock has a market capitalization of $58.00 billion, a PE ratio of 12.19, a P/E/G ratio of 1.20 and a beta of 0.92.

Truist Financial (NYSE:TFC) last released its quarterly earnings results on Friday, October 17th. The insurance provider reported $1.04 EPS for the quarter, beating 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 period in the previous year, the business earned $0.97 EPS. The business’s revenue for the quarter 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. Analysts predict that Truist Financial Corporation will post 4 earnings per share for the current fiscal year.

Truist Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.08 annualized dividend and a dividend yield of 4.6%. Truist Financial’s payout ratio is presently 55.91%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TFC shares. UBS Group set a $55.00 price objective on Truist Financial in a report on Tuesday, October 21st. Raymond James Financial reiterated an “outperform” rating on shares of Truist Financial in a research note on Tuesday, October 7th. Evercore ISI upped their price target on shares of 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 shares of Truist Financial in a report on Monday, October 20th. Finally, TD Cowen upgraded shares of Truist Financial from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Tuesday, October 21st. Two research 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.59.

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.