WBH Advisory Inc. Cuts Stock Holdings in Truist Financial Corporation $TFC

WBH Advisory Inc. trimmed its stake in shares of Truist Financial Corporation (NYSE:TFC) by 7.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,910 shares of the insurance provider’s stock after selling 464 shares during the period. WBH Advisory Inc.’s holdings in Truist Financial were worth $254,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Wealth Preservation Advisors LLC purchased a new position in shares of Truist Financial in the 1st quarter worth $25,000. Centennial Bank AR grew its stake in shares of Truist Financial by 360.2% in the 1st quarter. Centennial Bank AR now owns 741 shares of the insurance provider’s stock worth $30,000 after buying an additional 580 shares in the last quarter. Motco grew its stake in shares of Truist Financial by 435.6% in the 1st quarter. Motco now owns 798 shares of the insurance provider’s stock worth $33,000 after buying an additional 649 shares in the last quarter. Ramirez Asset Management Inc. grew its stake in shares of Truist Financial by 60.0% in the 2nd quarter. Ramirez Asset Management Inc. now owns 800 shares of the insurance provider’s stock worth $34,000 after buying an additional 300 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its stake in shares of Truist Financial by 115.3% in the 1st quarter. Meeder Asset Management Inc. now owns 874 shares of the insurance provider’s stock worth $36,000 after buying an additional 468 shares in the last quarter. 71.28% of the stock is owned by hedge funds and other institutional investors.

Truist Financial Trading Up 2.0%

NYSE:TFC opened at $43.44 on Tuesday. Truist Financial Corporation has a one year low of $33.56 and a one year 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 firm has a market cap of $56.01 billion, a P/E ratio of 11.68, a P/E/G ratio of 1.36 and a beta of 0.88. The firm has a 50-day simple moving average of $45.13 and a 200-day simple moving average of $42.32.

Truist Financial (NYSE:TFC) last posted 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 net margin of 16.84% and a return on equity of 8.73%. The business had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.20 billion. During the same quarter in the previous year, the business posted $0.97 EPS. The company’s quarterly revenue 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. Equities analysts anticipate that Truist Financial Corporation will post 4 EPS for the current fiscal year.

Truist Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 8th were given a $0.52 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.8%. Truist Financial’s payout ratio is presently 55.91%.

Wall Street Analyst Weigh In

A number of brokerages have commented on TFC. Evercore ISI lifted their price objective on shares of Truist Financial from $48.00 to $50.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 30th. Keefe, Bruyette & Woods lifted their price objective on shares of Truist Financial from $48.00 to $49.00 and gave the stock a “market perform” rating in a research note on Monday. Wells Fargo & Company reissued an “equal weight” rating and issued a $47.00 price objective on shares of Truist Financial in a research note on Thursday, August 21st. Morgan Stanley raised their target price on shares of Truist Financial from $54.00 to $55.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Truist Financial in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $49.63.

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.