The fund held 88,200 of the stock of the insurer after selling 213,436 during the quarter. Truist Financial's stock held by Stock Yards Bank & Trust Co. was worth $3,795,000 as of the latest quarter.
Other large investors have also made recent changes to their position in the company. Vanguard Group Inc. grew its stake in Truist Financial shares by 0.9% during the third quarter. Vanguard Group Inc. owns 120.881,812 of the insurance provider’s stock, worth $5,263,194,000, after adding 1,044,192 additional shares during the last quarter. BlackRock Inc. increased their position in Truist Financial shares by 3.6% during the third quarter. BlackRock Inc. owns 100.049,345 of the insurance provider’s stock, valued at $4,356,148,000, after purchasing an additional 3,443,946 in the third quarter. State Street Corp increased their position in Truist Financial shares by 1.0% during the third quarter. State Street Corp owns 59 714 752 shares of Truist Financial's stock, worth $2 599 980,000, after purchasing an additional 581 532 shares during the last quarter. Charles Schwab Investment Management Inc. increased its Truist Financial holdings by 1.6% in the first quarter. Charles Schwab Investment Management Inc. owns now 14,294,961 of the insurance provider’s stock valued $810,526,000. This is after buying an additional 221,798 in the last quarter. Royal Bank of Canada increased its Truist Financial holdings by 0.6% in the third quarter. Royal Bank of Canada owns 11,989057 shares of Truist Financial's stock, valued at $522.004,000, after buying an additional 71.356 shares during the last quarter. Insider Hugh S. Cummins III, in other Truist Financial News, sold 35,229 of the company's stock on Friday, January 27th. The shares were purchased at an average of $49.05 for a total of $1,727.982.45. After the sale, an insider owns directly 307,069 company shares, worth approximately $15,061,734.45. Insider Hugh S. Cummins III, in related news, sold 35,229 of the company's stock on Friday, 27th January. The shares were purchased at a price of $49.05 per share, with a total worth of $1,727.982.45. After the sale, an insider owns directly 307,069 company shares, worth approximately $15,061,734.45. In a Friday, 10th March transaction, 13,125 shares were purchased. Stock was purchased at a price of $38.08 a share for a transaction totaling $499,800.00. After the completion of this acquisition, the director owns directly 39,025 shares valued at $1.486,072. Insiders own 0.31%.
Truist Financial Trading Up 0.5 %
The stock opened at $34.44 Tuesday. The company's quick ratio is 0.80, its current ratio is 0.81, and it has a debt to equity ratio of 0.8. The company has a moving average of $39.86 for the last 50 days and $43.07 for the past two hundred days. The company has a $45.74 billion market capitalization, a PEG of 1.63, and a beta value of 1.06. It also has a P/E ratio of 7.73. Truist Financial Co.'s 52-week low is $28.70, and its 52-week highest is $53.63.
The last time ) released its results was on January 19th. The insurer reported earnings per share of $1.30 for the third quarter, exceeding analysts' expectations of $1.28 ($0.02) by $0.02. The company had a revenue of $6.21billion during the quarter compared with analyst estimates of $6.13billion. Truist Financial's net margin was 24.69%, and its return on equity was 12.53%. Analysts on the sell-side expect Truist Financial Co. to post 4,56 earnings per share in the current year.
Truist Financial Dividend Announcement
A quarterly dividend was also declared by the business and paid out on March 1st. Dividends were paid to shareholders who had their shares in the company's records on Friday, 10th February. The dividend was paid on Thursday, February 9. Dividend yield is 6.04%. This dividend represents an annualized $2.08 and a dividend of $6.04 per share. Truist Financial has a dividend payout ratio of 46.95%.
Wall Street analysts weigh in
Recently, a number of equity research analysts weighed in with their opinions on the stock. Royal Bank of Canada reduced their price target for shares of Truist Financial in a Friday, March 24th report from $60.00 down to $54.00. They also set an "outperform" rating for the firm. Keefe Bruyette & Woods upgraded shares of Truist Financial to a market perform' rating in a report published on Sunday, 12th March. They also lowered the price target from $47.00 down to $45.00. Morgan Stanley reduced their price target for shares of Truist Financial in a report published on Wednesday, April 5. They also set an equal weight rating for the firm. JPMorgan Chase & Co. lowered their price target on shares of Truist Financial to $41.00 from $50.00 in a Monday, April 10, research note. They also set a neutral' ratings on the stock. Goldman Sachs Group, in a research report on March 30th, reduced its price target on Truist Financial shares from $55.00 down to $39.00. The stock was given a "buy" rating. Nine analysts have assigned a hold rating, while seven others have assigned a buy rating. MarketBeat.com reports that Truist Financial's consensus rating is 'Hold' with an average price of $48,00.
Truist Financial Company Profile
Truist Financial Corp., a financial holding, provides banking services to businesses, individuals and municipalities. It is organized into four segments: Consumer Banking and Wealth Management, Corporate and Commercial Banking and Insurance Holdings.
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