Truist Financial Corporation $TFC Shares Acquired by Bryn Mawr Trust Advisors LLC

Bryn Mawr Trust Advisors LLC lifted its holdings in shares of Truist Financial Corporation (NYSE:TFC) by 3.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 252,437 shares of the insurance provider’s stock after acquiring an additional 8,650 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in Truist Financial were worth $10,852,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Foster Victor Wealth Advisors LLC grew its position in Truist Financial by 0.4% during the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 62,087 shares of the insurance provider’s stock worth $2,804,000 after purchasing an additional 242 shares during the last quarter. MGO One Seven LLC lifted its stake in shares of Truist Financial by 0.9% during the second quarter. MGO One Seven LLC now owns 28,849 shares of the insurance provider’s stock worth $1,240,000 after buying an additional 246 shares during the period. Klingman & Associates LLC grew its holdings in shares of Truist Financial by 2.2% during the first quarter. Klingman & Associates LLC now owns 11,756 shares of the insurance provider’s stock valued at $484,000 after buying an additional 248 shares during the last quarter. Haverford Trust Co grew its holdings in shares of Truist Financial by 3.5% during the first quarter. Haverford Trust Co now owns 7,751 shares of the insurance provider’s stock valued at $319,000 after buying an additional 262 shares during the last quarter. Finally, Keystone Financial Group Inc. increased its position in shares of 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 during the period. 71.28% of the stock is owned by hedge funds and other institutional investors.

Truist Financial Stock Down 0.1%

Shares of TFC stock opened at $44.01 on Friday. Truist Financial Corporation has a twelve month low of $33.56 and a twelve month high of $49.06. The stock has a market cap of $56.30 billion, a P/E ratio of 11.83, a P/E/G ratio of 1.20 and a beta of 0.92. The stock has a 50 day moving average of $44.84 and a 200 day moving average of $43.00. 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 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. The business had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.20 billion. Truist Financial had a net margin of 16.84% and a return on equity of 8.73%. The business’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company earned $0.97 EPS. Truist Financial has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, sell-side analysts expect 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. Shareholders of record on Friday, November 14th will be given a $0.52 dividend. The ex-dividend date is Friday, November 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.7%. Truist Financial’s dividend payout ratio is 55.91%.

Analyst Upgrades and Downgrades

TFC has been the topic of several research analyst reports. Keefe, Bruyette & Woods boosted their price target on Truist Financial from $48.00 to $49.00 and gave the company a “market perform” rating in a research note on Monday, October 20th. TD Cowen upgraded 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. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $47.00 target price on shares of Truist Financial in a report on Thursday, August 21st. Piper Sandler set a $48.00 target price on Truist Financial in a research report on Monday, October 20th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Truist Financial in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Truist Financial presently has an average rating of “Moderate Buy” and an average 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.