Vinva Investment Management Ltd Has $9.34 Million Holdings in Truist Financial Corporation $TFC

Vinva Investment Management Ltd grew its holdings in shares of Truist Financial Corporation (NYSE:TFC) by 32.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 219,252 shares of the insurance provider’s stock after acquiring an additional 53,107 shares during the quarter. Vinva Investment Management Ltd’s holdings in Truist Financial were worth $9,342,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. grew its holdings in shares of Truist Financial by 14.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 493,374 shares of the insurance provider’s stock valued at $21,189,000 after purchasing an additional 61,097 shares during the last quarter. J.W. Cole Advisors Inc. increased its holdings in shares of Truist Financial by 6.3% during the second quarter. J.W. Cole Advisors Inc. now owns 71,009 shares of the insurance provider’s stock worth $3,053,000 after buying an additional 4,215 shares in the last quarter. Elo Mutual Pension Insurance Co lifted its stake in shares of Truist Financial by 4.1% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 61,981 shares of the insurance provider’s stock valued at $2,665,000 after acquiring an additional 2,439 shares during the last quarter. Laurel Wealth Advisors LLC boosted its holdings in shares of Truist Financial by 4,121.3% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,335,991 shares of the insurance provider’s stock valued at $100,424,000 after acquiring an additional 2,280,653 shares in the last quarter. Finally, XTX Topco Ltd grew its position in Truist Financial by 384.2% during the 2nd quarter. XTX Topco Ltd now owns 119,727 shares of the insurance provider’s stock worth $5,147,000 after acquiring an additional 95,002 shares during the last quarter. 71.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on TFC. TD Cowen upgraded Truist Financial from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Tuesday, October 21st. Evercore ISI raised their price objective on shares of Truist Financial from $48.00 to $50.00 and gave the company an “in-line” rating in a report on Tuesday, September 30th. Keefe, Bruyette & Woods lifted their target price on shares of Truist Financial from $48.00 to $49.00 and gave the stock a “market perform” rating in a research report on Monday, October 20th. Morgan Stanley upped their price target on shares of Truist Financial from $54.00 to $55.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Truist Financial in a research note on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Truist Financial presently has an average rating of “Moderate Buy” and a consensus target price of $50.00.

Truist Financial Trading Down 0.1%

NYSE:TFC opened at $46.27 on Thursday. Truist Financial Corporation has a 52 week low of $33.56 and a 52 week high of $48.53. 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 firm’s fifty day moving average is $44.65 and its 200-day moving average is $43.71. The firm has a market cap of $59.19 billion, a P/E ratio of 12.44, a P/E/G ratio of 1.20 and a beta of 0.92.

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

Truist Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.08 annualized dividend and a yield of 4.5%. Truist Financial’s payout ratio is 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.