Dymon Asia Capital Singapore PTE. LTD. Buys Shares of 20,200 Truist Financial Corporation $TFC

Dymon Asia Capital Singapore PTE. LTD. bought a new stake in Truist Financial Corporation (NYSE:TFC) in the 4th quarter, Holdings Channel.com reports. The fund bought 20,200 shares of the insurance provider’s stock, valued at approximately $994,000.

Several other large investors also recently made changes to their positions in TFC. Swiss RE Ltd. bought a new stake in shares of Truist Financial during the fourth quarter worth $26,000. McMillan Office Inc. bought a new stake in shares of Truist Financial during the fourth quarter worth $31,000. Maseco LLP increased its position in shares of Truist Financial by 53.8% during the fourth quarter. Maseco LLP now owns 652 shares of the insurance provider’s stock worth $32,000 after acquiring an additional 228 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC increased its position in shares of Truist Financial by 190.7% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 657 shares of the insurance provider’s stock worth $32,000 after acquiring an additional 431 shares in the last quarter. Finally, Ancora Advisors LLC increased its position in shares of Truist Financial by 259.1% during the third quarter. Ancora Advisors LLC now owns 693 shares of the insurance provider’s stock worth $32,000 after acquiring an additional 500 shares in the last quarter. Institutional investors own 71.28% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TFC shares. Morgan Stanley lowered their price objective on shares of Truist Financial from $63.00 to $62.00 and set an “overweight” rating for the company in a research report on Monday, April 20th. Wall Street Zen downgraded shares of Truist Financial from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings raised shares of Truist Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Royal Bank Of Canada increased their price objective on shares of Truist Financial from $51.00 to $53.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Finally, Jefferies Financial Group reissued a “mixed” rating and set a $45.00 price objective on shares of Truist Financial in a research report on Friday, April 17th. Nine equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $55.59.

Truist Financial Stock Performance

Shares of TFC opened at $51.63 on Friday. Truist Financial Corporation has a 12 month low of $38.83 and a 12 month high of $56.19. The firm has a fifty day simple moving average of $49.10 and a 200 day simple moving average of $49.16. The stock has a market capitalization of $64.33 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 0.88 and a beta of 0.89. 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 announced its earnings results on Friday, April 17th. The insurance provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.00 by $0.09. Truist Financial had a net margin of 18.14% and a return on equity of 9.55%. The business had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.18 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. Research analysts forecast that Truist Financial Corporation will post 4.52 EPS for the current fiscal year.

Truist Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 8th were issued a dividend of $0.52 per share. The ex-dividend date was Friday, May 8th. This represents a $2.08 annualized dividend and a yield of 4.0%. Truist Financial’s dividend payout ratio is presently 51.61%.

About Truist Financial

Truist Financial Corporation is an American bank holding company that provides a broad range of financial services through its primary subsidiary, Truist Bank, and other operating units. The company offers traditional retail banking products and services such as deposit accounts, consumer and residential mortgage lending, and credit and debit card services. Truist also serves commercial clients with middle-market and corporate lending, treasury and payment solutions, and specialty finance products.

Beyond core banking, Truist operates wealth management, asset management, insurance and capital markets businesses.