UBS Group AG Acquires 101,288 Shares of Truist Financial Co. (NYSE:TFC)

UBS Group AG lifted its holdings in shares of Truist Financial Co. (NYSE:TFCFree Report) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,914,044 shares of the insurance provider’s stock after purchasing an additional 101,288 shares during the period. UBS Group AG owned 0.29% of Truist Financial worth $144,507,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Operose Advisors LLC acquired a new stake in shares of Truist Financial during the 3rd quarter worth approximately $31,000. Missouri Trust & Investment Co boosted its stake in Truist Financial by 227.2% during the fourth quarter. Missouri Trust & Investment Co now owns 854 shares of the insurance provider’s stock worth $32,000 after acquiring an additional 593 shares in the last quarter. Tyler Stone Wealth Management acquired a new stake in Truist Financial in the third quarter worth $33,000. Morton Brown Family Wealth LLC raised its holdings in shares of Truist Financial by 236.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 924 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 649 shares during the period. Finally, Northwest Financial Advisors bought a new position in shares of Truist Financial during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 71.28% of the company’s stock.

Insider Activity at Truist Financial

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

Truist Financial Stock Performance

Shares of Truist Financial stock opened at $39.03 on Tuesday. The firm has a market capitalization of $52.23 billion, a P/E ratio of -29.57, a price-to-earnings-growth ratio of 1.99 and a beta of 1.07. 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 business’s fifty day simple moving average is $37.91 and its 200 day simple moving average is $36.11. Truist Financial Co. has a 12 month low of $26.57 and a 12 month high of $40.51.

Truist Financial (NYSE:TFCGet Free Report) last released its earnings results on Monday, April 22nd. The insurance provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. The firm had revenue of $4.87 billion during 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 firm earned $1.09 EPS. As a group, analysts anticipate that Truist Financial Co. will post 3.34 EPS for the current year.

Truist Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 10th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date is Thursday, May 9th. Truist Financial’s dividend payout ratio is currently -157.58%.

Wall Street Analysts Forecast Growth

TFC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Truist Financial from $39.50 to $40.50 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. TheStreet lowered Truist Financial from a “b-” rating to a “c” rating in a research report on Tuesday, February 20th. Morgan Stanley reiterated an “equal weight” rating and issued a $43.00 target price on shares of Truist Financial in a report on Monday, April 22nd. UBS Group boosted their price target on shares of Truist Financial from $45.00 to $49.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Jefferies Financial Group raised their price objective on shares of Truist Financial from $40.00 to $41.00 and gave the company a “hold” rating in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Truist Financial currently has an average rating of “Moderate Buy” and an average target price of $43.17.

Read Our Latest Stock Analysis on Truist Financial

Truist Financial Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Truist Financial (NYSE:TFC)

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