10,548 Shares in Truist Financial Co. (NYSE:TFC) Acquired by Yeomans Consulting Group Inc.

Yeomans Consulting Group Inc. purchased a new stake in Truist Financial Co. (NYSE:TFC) in the fourth quarter, HoldingsChannel reports. The firm purchased 10,548 shares of the insurance provider’s stock, valued at approximately $389,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC grew its stake in Truist Financial by 6.1% in the 4th quarter. Bleakley Financial Group LLC now owns 29,890 shares of the insurance provider’s stock worth $1,104,000 after acquiring an additional 1,731 shares during the period. Natixis Advisors L.P. increased its position in Truist Financial by 30.9% during the fourth quarter. Natixis Advisors L.P. now owns 373,375 shares of the insurance provider’s stock worth $13,783,000 after purchasing an additional 88,035 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Truist Financial by 53.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 338,972 shares of the insurance provider’s stock valued at $12,515,000 after buying an additional 117,524 shares during the period. Parnassus Investments LLC purchased a new position in shares of Truist Financial in the 4th quarter worth $95,049,000. Finally, Rafferty Asset Management LLC grew its position in Truist Financial by 47.7% during the fourth quarter. Rafferty Asset Management LLC now owns 1,185,259 shares of the insurance provider’s stock valued at $43,760,000 after acquiring an additional 382,976 shares during the period. Institutional investors and hedge funds own 71.28% of the company’s stock.

Truist Financial Price Performance

Shares of Truist Financial stock traded up $0.39 during midday trading on Monday, reaching $35.80. The company had a trading volume of 4,591,380 shares, compared to its average volume of 8,680,010. The company has a market capitalization of $47.90 billion, a price-to-earnings ratio of -27.02, a price-to-earnings-growth ratio of 1.75 and a beta of 1.06. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.75. The stock has a fifty day simple moving average of $37.88 and a 200 day simple moving average of $36.93. Truist Financial Co. has a 1-year low of $26.57 and a 1-year high of $40.51.

Truist Financial (NYSE:TFC) last released its earnings results on Monday, April 22nd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. The company had revenue of $4.87 billion for the quarter, compared to the consensus estimate of $5.70 billion. Truist Financial had a negative net margin of 4.28% and a positive return on equity of 9.15%. The company’s revenue was down 8.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.09 EPS. As a group, equities research analysts forecast that Truist Financial Co. will post 3.36 earnings per share for the current year.

Truist Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 10th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.81%. Truist Financial’s dividend payout ratio (DPR) is presently -157.58%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TFC shares. UBS Group raised their price target on shares of Truist Financial from $45.00 to $49.00 and gave the company a “buy” rating in a report on Friday, April 5th. StockNews.com downgraded Truist Financial from a “hold” rating to a “sell” rating in a research report on Thursday. Evercore ISI reissued an “in-line” rating and set a $44.00 price target on shares of Truist Financial in a research report on Thursday, May 9th. Stephens increased their price objective on shares of Truist Financial from $43.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, May 16th. Finally, Jefferies Financial Group boosted their target price on shares of Truist Financial from $40.00 to $41.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $43.17.

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.