Greenleaf Trust Has $594,000 Stock Position in Truist Financial Co. (NYSE:TFC)

Greenleaf Trust raised its stake in shares of Truist Financial Co. (NYSE:TFC) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,699 shares of the insurance provider’s stock after purchasing an additional 600 shares during the quarter. Greenleaf Trust’s holdings in Truist Financial were worth $594,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in TFC. AMF Tjanstepension AB bought a new position in shares of Truist Financial during the third quarter valued at $3,208,000. Czech National Bank lifted its holdings in shares of Truist Financial by 7.0% during the third quarter. Czech National Bank now owns 272,797 shares of the insurance provider’s stock valued at $11,668,000 after acquiring an additional 17,811 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Truist Financial by 29.7% during the third quarter. GAMMA Investing LLC now owns 24,308 shares of the insurance provider’s stock valued at $1,040,000 after acquiring an additional 5,572 shares during the period. Traveka Wealth LLC acquired a new stake in shares of Truist Financial during the third quarter worth approximately $244,000. Finally, Atomi Financial Group Inc. increased its holdings in shares of Truist Financial by 29.4% during the third quarter. Atomi Financial Group Inc. now owns 15,676 shares of the insurance provider’s stock worth $670,000 after buying an additional 3,562 shares in the last quarter. 71.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Truist Financial

In related news, CEO William H. Rogers, Jr. acquired 34,180 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were acquired at an average cost of $48.56 per share, with a total value of $1,659,780.80. Following the transaction, the chief executive officer now owns 691,451 shares of the company’s stock, valued at $33,576,860.56. The trade was a 5.20 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director K. David Jr. Boyer sold 4,966 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $46.20, for a total transaction of $229,429.20. Following the completion of the sale, the director now directly owns 11,246 shares in the company, valued at $519,565.20. This represents a 30.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TFC has been the subject of several recent analyst reports. Hsbc Global Res raised shares of Truist Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. HSBC upgraded Truist Financial from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Tuesday, January 7th. Morgan Stanley increased their target price on Truist Financial from $55.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Raymond James increased their target price on Truist Financial from $47.00 to $51.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Compass Point increased their target price on Truist Financial from $47.00 to $56.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.79.

Truist Financial Price Performance

TFC opened at $47.41 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61. Truist Financial Co. has a 12 month low of $34.23 and a 12 month high of $49.06. The company has a fifty day simple moving average of $45.53 and a 200 day simple moving average of $44.14. The stock has a market cap of $62.93 billion, a P/E ratio of 14.24, a P/E/G ratio of 1.69 and a beta of 1.08.

Truist Financial (NYSE:TFC) last released its quarterly earnings data on Friday, January 17th. The insurance provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. Truist Financial had a net margin of 15.59% and a return on equity of 9.32%. The business had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $5.05 billion. During the same quarter in the prior year, the company earned $0.81 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. On average, research analysts expect that Truist Financial Co. will post 3.95 EPS for the current year.

Truist Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a $0.52 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.08 annualized dividend and a dividend yield of 4.39%. Truist Financial’s dividend payout ratio is presently 62.46%.

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.