Truist Financial Co. (NYSE:TFC) Stock Holdings Boosted by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. raised its position in shares of Truist Financial Co. (NYSE:TFC) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,684 shares of the insurance provider’s stock after purchasing an additional 632 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in Truist Financial were worth $404,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fairfield Bush & CO. bought a new stake in shares of Truist Financial during the 1st quarter worth $25,000. OFI Invest Asset Management acquired a new stake in shares of Truist Financial in the third quarter worth $26,000. Operose Advisors LLC acquired a new stake in shares of Truist Financial in the third quarter worth $31,000. Quarry LP acquired a new stake in shares of Truist Financial in the first quarter worth $32,000. Finally, Tyler Stone Wealth Management acquired a new stake in shares of Truist Financial in the third quarter worth $33,000. 71.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TFC shares. Bank of America raised Truist Financial from a “neutral” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Thursday, January 4th. HSBC raised their target price on Truist Financial from $37.00 to $39.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. Wells Fargo & Company raised their target price on Truist Financial from $39.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. TheStreet cut Truist Financial from a “b-” rating to a “c” rating in a research report on Tuesday, February 20th. Finally, Piper Sandler increased their price objective on Truist Financial from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $41.47.

Insider Activity

In other news, Director K. David Jr. Boyer sold 3,764 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $37.48, for a total value of $141,074.72. Following the sale, the director now directly owns 16,132 shares of the company’s stock, valued at $604,627.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.17% of the stock is currently owned by company insiders.

Truist Financial Price Performance

NYSE TFC opened at $35.71 on Friday. Truist Financial Co. has a fifty-two week low of $25.56 and a fifty-two week high of $39.29. The stock’s 50-day moving average is $36.62 and its two-hundred day moving average is $34.37. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap of $47.66 billion, a P/E ratio of -33.06, a price-to-earnings-growth ratio of 2.20 and a beta of 1.08.

Truist Financial (NYSE:TFC) last posted its earnings results on Thursday, January 18th. The insurance provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.13. Truist Financial had a positive return on equity of 9.64% and a negative net margin of 3.28%. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same period last year, the company earned $1.30 earnings per share. On average, analysts anticipate that Truist Financial Co. will post 3.33 earnings per share for the current fiscal year.

Truist Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were issued a dividend of $0.52 per share. The ex-dividend date was Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 5.82%. Truist Financial’s dividend payout ratio (DPR) is currently -192.59%.

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.