Stratos Wealth Partners LTD. Sells 1,225 Shares of Truist Financial Corporation $TFC

Stratos Wealth Partners LTD. cut its stake in Truist Financial Corporation (NYSE:TFC) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,061 shares of the insurance provider’s stock after selling 1,225 shares during the period. Stratos Wealth Partners LTD.’s holdings in Truist Financial were worth $2,410,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. AssuredPartners Investment Advisors LLC boosted its holdings in Truist Financial by 3.1% in the second quarter. AssuredPartners Investment Advisors LLC now owns 31,574 shares of the insurance provider’s stock valued at $1,357,000 after acquiring an additional 948 shares during the last quarter. Private Trust Co. NA lifted its stake in Truist Financial by 21.6% in the second quarter. Private Trust Co. NA now owns 18,484 shares of the insurance provider’s stock valued at $795,000 after buying an additional 3,279 shares during the period. Applied Finance Capital Management LLC lifted its stake in Truist Financial by 4.9% in the second quarter. Applied Finance Capital Management LLC now owns 21,656 shares of the insurance provider’s stock valued at $931,000 after buying an additional 1,018 shares during the period. Nordea Investment Management AB lifted its stake in Truist Financial by 6.2% in the second quarter. Nordea Investment Management AB now owns 113,812 shares of the insurance provider’s stock valued at $4,907,000 after buying an additional 6,605 shares during the period. Finally, Mutual Advisors LLC lifted its stake in Truist Financial by 4.9% in the second quarter. Mutual Advisors LLC now owns 45,456 shares of the insurance provider’s stock valued at $2,075,000 after buying an additional 2,137 shares during the period. 71.28% of the stock is currently owned by institutional investors.

Insider Transactions at Truist Financial

In related news, insider Bradley D. Bender sold 12,540 shares of the company’s stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $45.19, for a total transaction of $566,682.60. Following the completion of the sale, the insider owned 500 shares in the company, valued at approximately $22,595. This represents a 96.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods lowered Truist Financial from an “outperform” rating to a “market perform” rating and set a $48.00 price target on the stock. in a research note on Wednesday, July 9th. Wells Fargo & Company reissued an “equal weight” rating and issued a $47.00 price target on shares of Truist Financial in a research note on Thursday, August 21st. Citigroup raised Truist Financial from a “neutral” rating to a “buy” rating and boosted their price target for the company from $44.00 to $55.00 in a research note on Thursday, June 26th. Evercore ISI boosted their price target 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. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Truist Financial in a research report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Truist Financial has a consensus rating of “Moderate Buy” and a consensus price target of $49.06.

Truist Financial Price Performance

Shares of NYSE:TFC opened at $42.66 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. Truist Financial Corporation has a twelve month low of $33.56 and a twelve month high of $49.06. The stock’s 50 day moving average is $45.11 and its 200-day moving average is $42.26. The firm has a market capitalization of $55.01 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 1.36 and a beta of 0.88.

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

Truist Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 8th were issued a dividend of $0.52 per share. The ex-dividend date was Friday, August 8th. This represents a $2.08 annualized dividend and a yield of 4.9%. Truist Financial’s dividend payout ratio 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.