Truist Financial Corporation $TFC Shares Purchased by LifeWealth Investments LLC

LifeWealth Investments LLC grew its holdings in shares of Truist Financial Corporation (NYSE:TFC) by 5.0% during the second quarter, Holdings Channel reports. The firm owned 11,526 shares of the insurance provider’s stock after acquiring an additional 546 shares during the quarter. LifeWealth Investments LLC’s holdings in Truist Financial were worth $495,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of TFC. Freedom Investment Management Inc. grew its position in shares of Truist Financial by 2.0% during the second quarter. Freedom Investment Management Inc. now owns 17,087 shares of the insurance provider’s stock worth $735,000 after acquiring an additional 328 shares during the last quarter. Forum Financial Management LP boosted its position in shares of Truist Financial by 6.1% during the 2nd quarter. Forum Financial Management LP now owns 20,055 shares of the insurance provider’s stock valued at $862,000 after purchasing an additional 1,157 shares in the last quarter. Greatmark Investment Partners Inc. boosted its position in shares of Truist Financial by 4.8% during the 2nd quarter. Greatmark Investment Partners Inc. now owns 9,299 shares of the insurance provider’s stock valued at $400,000 after purchasing an additional 423 shares in the last quarter. Exencial Wealth Advisors LLC boosted its position in shares of Truist Financial by 6.0% during the 2nd quarter. Exencial Wealth Advisors LLC now owns 14,057 shares of the insurance provider’s stock valued at $604,000 after purchasing an additional 792 shares in the last quarter. Finally, Brookstone Capital Management lifted its stake in Truist Financial by 4.3% during the second quarter. Brookstone Capital Management now owns 299,179 shares of the insurance provider’s stock valued at $12,862,000 after buying an additional 12,429 shares in the last quarter. 71.28% of the stock is owned by institutional investors and hedge funds.

Truist Financial Trading Down 0.5%

NYSE:TFC opened at $43.60 on Thursday. Truist Financial Corporation has a 52 week low of $33.56 and a 52 week high of $49.06. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.86 and a current ratio of 0.86. The stock’s 50 day moving average price is $45.10 and its 200 day moving average price is $42.34. The company has a market capitalization of $56.22 billion, a P/E ratio of 11.72, a P/E/G ratio of 1.20 and a beta of 0.88.

Truist Financial (NYSE:TFC) last announced its quarterly 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 company had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter last year, the company posted $0.97 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. Truist Financial has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts forecast that Truist Financial Corporation will post 4 EPS for the current fiscal year.

Truist Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 8th were paid a dividend of $0.52 per share. The ex-dividend date was Friday, August 8th. This represents a $2.08 dividend on an annualized basis and a yield of 4.8%. Truist Financial’s payout ratio is currently 55.91%.

Analyst Ratings Changes

A number of research firms have commented on TFC. UBS Group set a $55.00 price objective on shares of Truist Financial in a research note on Tuesday. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $47.00 price objective on shares of Truist Financial in a research note on Thursday, August 21st. TD Cowen raised shares of Truist Financial from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Tuesday. Raymond James Financial reaffirmed an “outperform” rating on shares of Truist Financial in a research note on Tuesday, October 7th. Finally, Citigroup raised shares of Truist Financial from a “neutral” rating to a “buy” rating and upped their price objective for the company from $44.00 to $55.00 in a research note on Thursday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $50.59.

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.