Stephens Inc. AR Has $5.63 Million Stake in Truist Financial Corporation $TFC

Stephens Inc. AR decreased its holdings in shares of Truist Financial Corporation (NYSE:TFC) by 0.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 130,913 shares of the insurance provider’s stock after selling 799 shares during the quarter. Stephens Inc. AR’s holdings in Truist Financial were worth $5,628,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TFC. Wealth Preservation Advisors LLC acquired a new position in Truist Financial during the first quarter worth about $25,000. Centennial Bank AR raised its stake in Truist Financial by 360.2% during the first quarter. Centennial Bank AR now owns 741 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 580 shares in the last quarter. Motco raised its stake in Truist Financial by 435.6% during the first quarter. Motco now owns 798 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 649 shares in the last quarter. Ramirez Asset Management Inc. raised its stake in Truist Financial by 60.0% during the second quarter. Ramirez Asset Management Inc. now owns 800 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 300 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in shares of Truist Financial by 115.3% during the first quarter. Meeder Asset Management Inc. now owns 874 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 468 shares during the last quarter. Institutional investors and hedge funds own 71.28% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. UBS Group set a $55.00 price target on Truist Financial in a report on Tuesday. Keefe, Bruyette & Woods boosted their price target on Truist Financial from $48.00 to $49.00 and gave the stock a “market perform” rating in a report on Monday. Citigroup upgraded Truist Financial from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $44.00 to $55.00 in a report on Thursday, June 26th. Weiss Ratings restated a “hold (c+)” rating on shares of Truist Financial in a report on Wednesday, October 8th. Finally, Raymond James Financial restated an “outperform” rating on shares of Truist Financial in a report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Truist Financial currently has a consensus rating of “Moderate Buy” and an average price target of $50.59.

Truist Financial Stock Performance

Shares of TFC stock opened at $43.83 on Wednesday. The business’s 50 day simple moving average is $45.12 and its 200 day simple moving average is $42.33. Truist Financial Corporation has a one year low of $33.56 and a one year high of $49.06. The stock has a market capitalization of $56.52 billion, a PE ratio of 11.78, a PEG ratio of 1.20 and a beta of 0.88. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.86.

Truist Financial (NYSE:TFC) last announced its earnings results on Friday, October 17th. The insurance provider reported $1.04 EPS for the quarter, beating the consensus estimate of $0.99 by $0.05. Truist Financial had a return on equity of 8.73% and a net margin of 16.84%.The business had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.20 billion. During the same period in the prior year, the business posted $0.97 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. Truist Financial has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts forecast that Truist Financial Corporation will post 4 earnings per share for the current year.

Truist Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 8th were issued a $0.52 dividend. The ex-dividend date was Friday, August 8th. This represents a $2.08 annualized dividend and a yield of 4.7%. Truist Financial’s dividend payout ratio is presently 55.91%.

Truist Financial Company 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.