Several investors recently adjusted their holdings in Truist Financial (TFC). Farmers National Bank increased its stake by 18.9%, now owning 54,935 shares valued at $2.13 million. Other investors like New Wave Wealth Advisors, 3Chopt Investment Partners, and Ted Buchan & Co also acquired new positions, while Truist Financial Corp raised its holdings to 4.93 million shares worth $191.6 million. Institutional investors hold 71.28% of TFC’s stock.
Analysts Set New Price Targets
Recent reports on TFC include StockNews.com lowering the rating from “hold” to “sell.” Goldman Sachs raised its target from $45 to $50 with a “buy” rating. Other firms like Wolfe Research and Barclays have made positive adjustments as well. The overall consensus is an average rating of “Hold” with a target price of $45.45.
Check Out Our Latest Analysis on TFC
Insider Transactions
CEO William H. Rogers, Jr. bought 57,300 shares at $43.96, totaling about $2.52 million. He now owns 569,271 shares valued at $25 million. Meanwhile, VP Cynthia B. Powell sold 6,688 shares for approximately $295,208. Corporate insiders own 0.17% of TFC’s stock.
Truist Financial Performance
TFC shares opened at $41.49. The 50-day moving average is $42.63, and the 200-day is $39.87. The company has a market cap of $55.52 billion and reported earnings of $0.91 per share for the quarter, exceeding expectations.
Dividend Announcement
Truist paid a quarterly dividend of $0.52 per share on September 3rd. The annualized dividend amounts to $2.08, with a yield of 5.01%.
About Truist Financial
(Free Report) Truist Financial Corporation offers banking and trust services across the Southeastern and Mid-Atlantic U.S.
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