Truist Financial (TFC) – Investment Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Truist Financial (NYSE: TFC) in the last few weeks:

• 1/21/2025 – Truist Financial had its price target raised by analysts at Stephens from $54.00 to $57.00. They now have an “overweight” rating on the stock.
• 1/21/2025 – Truist Financial had its price target raised by analysts at Keefe, Bruyette & Woods from $55.00 to $57.00. They now have an “outperform” rating on the stock.
• 1/21/2025 – Truist Financial had its price target raised by analysts at Morgan Stanley from $55.00 to $56.00. They now have an “equal weight” rating on the stock.
• 1/17/2025 – Truist Financial was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 1/16/2025 – Truist Financial had its price target raised by analysts at Raymond James from $47.00 to $51.00. They now have an “overweight” rating on the stock.
• 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.

Truist Financial Price Performance

TFC stock opened at $46.92 on Tuesday. The business has a fifty day moving average of $45.55 and a two-hundred day moving average of $44.11. Truist Financial Co. has a 52-week low of $34.23 and a 52-week high of $49.06. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61. The stock has a market cap of $62.29 billion, a price-to-earnings ratio of 14.09, a price-to-earnings-growth ratio of 1.69 and a beta of 1.08.

Truist Financial (NYSE:TFC) last released its quarterly earnings results on Friday, January 17th. The insurance provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.88 by $0.03. Truist Financial had a return on equity of 9.32% and a net margin of 15.59%. The business had revenue of $5.11 billion during the quarter, compared to analyst estimates of $5.05 billion. During the same period last year, the business posted $0.81 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, research analysts anticipate that Truist Financial Co. will post 3.95 earnings per share for the current year.

Truist Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $0.52 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.43%. Truist Financial’s payout ratio is 62.46%.

Insider Buying and Selling

In other news, Director K. David Jr. Boyer sold 4,966 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 11,246 shares of the company’s stock, valued at approximately $519,565.20. This represents a 30.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William H. Rogers, Jr. purchased 34,180 shares of Truist Financial stock in a transaction that occurred on Monday, November 25th. The stock was acquired at an average price 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 in the company, valued at $33,576,860.56. The trade was a 5.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.17% of the stock is owned by company insiders.

Hedge Funds Weigh In On Truist Financial

Several institutional investors have recently added to or reduced their stakes in the stock. Tradewinds LLC. lifted its holdings in shares of Truist Financial by 0.5% in the 3rd quarter. Tradewinds LLC. now owns 44,513 shares of the insurance provider’s stock valued at $1,904,000 after buying an additional 222 shares during the period. PBMares Wealth Management LLC lifted its holdings in Truist Financial by 0.8% in the fourth quarter. PBMares Wealth Management LLC now owns 29,270 shares of the insurance provider’s stock valued at $1,270,000 after acquiring an additional 224 shares during the period. Koshinski Asset Management Inc. boosted its position in shares of Truist Financial by 2.1% during the 4th quarter. Koshinski Asset Management Inc. now owns 10,825 shares of the insurance provider’s stock worth $470,000 after purchasing an additional 225 shares in the last quarter. Aaron Wealth Advisors LLC grew its stake in shares of Truist Financial by 3.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 7,712 shares of the insurance provider’s stock worth $335,000 after purchasing an additional 227 shares during the period. Finally, Ignite Planners LLC increased its holdings in shares of Truist Financial by 1.4% in the 4th quarter. Ignite Planners LLC now owns 17,499 shares of the insurance provider’s stock valued at $772,000 after purchasing an additional 246 shares in the last quarter. Institutional investors and hedge funds 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.