AG2R LA Mondiale Gestion D Actifs Acquires 2,000 Shares of Truist Financial Corporation $TFC

AG2R LA Mondiale Gestion D Actifs increased its holdings in shares of Truist Financial Corporation (NYSE:TFC) by 4.0% during the second quarter, Holdings Channel.com reports. The fund owned 52,167 shares of the insurance provider’s stock after purchasing an additional 2,000 shares during the quarter. AG2R LA Mondiale Gestion D Actifs’ holdings in Truist Financial were worth $2,243,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Foster Victor Wealth Advisors LLC increased its position in Truist Financial by 0.4% during the second quarter. Foster Victor Wealth Advisors LLC now owns 62,087 shares of the insurance provider’s stock worth $2,804,000 after acquiring an additional 242 shares during the period. MGO One Seven LLC raised its holdings in Truist Financial by 0.9% in the 2nd quarter. MGO One Seven LLC now owns 28,849 shares of the insurance provider’s stock valued at $1,240,000 after acquiring an additional 246 shares in the last quarter. Klingman & Associates LLC raised its holdings in Truist Financial by 2.2% in the 1st quarter. Klingman & Associates LLC now owns 11,756 shares of the insurance provider’s stock valued at $484,000 after acquiring an additional 248 shares in the last quarter. Haverford Trust Co raised its holdings in Truist Financial by 3.5% in the 1st quarter. Haverford Trust Co now owns 7,751 shares of the insurance provider’s stock valued at $319,000 after acquiring an additional 262 shares in the last quarter. Finally, Keystone Financial Group Inc. raised its holdings in Truist Financial by 1.3% in the 2nd quarter. Keystone Financial Group Inc. now owns 21,283 shares of the insurance provider’s stock valued at $942,000 after acquiring an additional 266 shares in the last quarter. 71.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on TFC. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $47.00 price objective on shares of Truist Financial in a report on Thursday, August 21st. Keefe, Bruyette & Woods boosted their target price on shares of Truist Financial from $48.00 to $49.00 and gave the company a “market perform” rating in a research report on Monday, October 20th. Piper Sandler set a $48.00 target price on shares of Truist Financial in a research report on Monday, October 20th. UBS Group set a $55.00 target price on shares of Truist Financial in a research report on Tuesday. Finally, Morgan Stanley boosted their target price on shares of Truist Financial from $54.00 to $55.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $50.59.

Truist Financial Price Performance

Truist Financial stock opened at $44.17 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.86 and a current ratio of 0.86. Truist Financial Corporation has a 52 week low of $33.56 and a 52 week high of $49.06. The stock has a market capitalization of $56.96 billion, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 1.21 and a beta of 0.88. The stock has a fifty day moving average of $45.06 and a 200-day moving average of $42.51.

Truist Financial (NYSE:TFC) last posted 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. Truist Financial had a return on equity of 8.73% and a net margin of 16.84%.The company had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.20 billion. During the same quarter in the previous year, the firm earned $0.97 EPS. Truist Financial’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. On average, sell-side analysts expect that Truist Financial Corporation will post 4 earnings per share for the current fiscal year.

Truist Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 8th were given a dividend of $0.52 per share. The ex-dividend date was Friday, August 8th. This represents a $2.08 dividend on an annualized basis and a yield of 4.7%. Truist Financial’s payout ratio is currently 55.91%.

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.