Analysts’ Recent Ratings Updates for Truist Financial (TFC)

Truist Financial (NYSE: TFC) recently received a number of ratings updates from brokerages and research firms:

• 1/9/2025 – Truist Financial was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 1/7/2025 – Truist Financial was upgraded by analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating.
• 1/7/2025 – Truist Financial was upgraded by analysts at HSBC Holdings plc from a “hold” rating to a “buy” rating. They now have a $50.00 price target on the stock.
• 1/6/2025 – Truist Financial had its price target raised by analysts at Barclays PLC from $47.00 to $51.00. They now have an “equal weight” rating on the stock.
• 1/2/2025 – Truist Financial had its “overweight” rating reaffirmed by analysts at Stephens. They now have a $54.00 price target on the stock.
• 12/10/2024 – Truist Financial had its price target raised by analysts at Compass Point from $47.00 to $56.00. They now have a “buy” rating on the stock.
• 12/3/2024 – Truist Financial had its price target raised by analysts at Piper Sandler from $46.00 to $51.00. They now have a “neutral” rating on the stock.
• 11/26/2024 – Truist Financial had its price target raised by analysts at The Goldman Sachs Group, Inc. from $50.00 to $60.00. They now have a “buy” rating on the stock.
• 11/25/2024 – Truist Financial had its price target raised by analysts at Citigroup Inc. from $47.00 to $51.00. They now have a “neutral” rating on the stock.
• 11/15/2024 – Truist Financial had its price target raised by analysts at Wells Fargo & Company from $48.00 to $52.00. They now have an “overweight” rating on the stock.

Truist Financial Trading Up 1.3 %

Shares of Truist Financial stock traded up $0.54 during trading on Tuesday, hitting $43.66. 3,225,289 shares of the company were exchanged, compared to its average volume of 6,129,347. The firm has a market capitalization of $57.96 billion, a P/E ratio of -30.53, a price-to-earnings-growth ratio of 1.88 and a beta of 1.08. The firm’s fifty day moving average price is $45.38 and its 200 day moving average price is $43.42. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. Truist Financial Co. has a 1-year low of $34.23 and a 1-year high of $49.06.

Truist Financial (NYSE:TFC) last posted its earnings results on Thursday, October 17th. The insurance provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.08. Truist Financial had a positive return on equity of 9.35% and a negative net margin of 4.89%. The firm had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.05 billion. As a group, sell-side analysts expect that Truist Financial Co. will post 3.7 earnings per share for the current fiscal year.

Truist Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 8th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend was Friday, November 8th. Truist Financial’s dividend payout ratio is presently -145.45%.

Insider Activity

In other Truist Financial news, Director K. David Jr. Boyer sold 4,966 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $46.20, for a total value of $229,429.20. Following the transaction, the director now directly owns 11,246 shares of the company’s stock, valued at $519,565.20. This represents a 30.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO William H. Rogers, Jr. bought 34,180 shares of Truist Financial stock in a transaction dated Monday, November 25th. The stock was acquired at an average cost of $48.56 per share, with a total value of $1,659,780.80. Following the transaction, the chief executive officer now owns 691,451 shares of the company’s stock, valued at $33,576,860.56. This trade represents a 5.20 % increase in their position. The disclosure for this purchase can be found here. 0.17% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Truist Financial

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bangor Savings Bank grew its holdings in Truist Financial by 92.5% during the 4th quarter. Bangor Savings Bank now owns 566 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 272 shares during the last quarter. Valley Wealth Managers Inc. bought a new stake in shares of Truist Financial in the third quarter worth $26,000. MidAtlantic Capital Management Inc. acquired a new stake in Truist Financial in the third quarter valued at $32,000. Fortitude Family Office LLC raised its position in Truist Financial by 376.7% during the 3rd quarter. Fortitude Family Office LLC now owns 858 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 678 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in Truist Financial during the 3rd quarter worth about $45,000. Institutional investors own 71.28% of the company’s stock.

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.