International Retirement Companions LLC boosted its place in shares of Truist Monetary Co. (NYSE:TFC – Free Report) by 3.0% within the third quarter, in accordance with the corporate in its most up-to-date 13F submitting with the Securities and Trade Fee. The institutional investor owned 55,599 shares of the insurance coverage supplier’s inventory after shopping for a further 1,638 shares throughout the interval. International Retirement Companions LLC’s holdings in Truist Monetary had been value $2,378,000 on the finish of the newest quarter.
Different hedge funds and different institutional buyers additionally lately added to or lowered their stakes within the firm. Crewe Advisors LLC bought a brand new stake in shares of Truist Monetary throughout the 1st quarter valued at roughly $27,000. Opal Wealth Advisors LLC acquired a brand new place in shares of Truist Monetary within the first quarter valued at roughly $29,000. MFA Wealth Advisors LLC bought a brand new stake in shares of Truist Monetary throughout the second quarter value $30,000. Y.D. Extra Investments Ltd bought a brand new stake in Truist Monetary throughout the 2nd quarter value about $31,000. Lastly, Hobbs Group Advisors LLC acquired a brand new stake in Truist Monetary within the second quarter valued at roughly $38,000. Hedge funds and different institutional buyers personal 71.28% of the corporate’s inventory.
Wall Road Analyst Weigh In
A number of equities analysis analysts lately weighed in on the corporate. Robert W. Baird lower Truist Monetary from an “outperform” score to a “impartial” score and set a $45.00 goal value for the corporate. in a analysis notice on Wednesday, July seventeenth. Argus boosted their value goal on Truist Monetary from $44.00 to $51.00 and gave the corporate a “purchase” score in a analysis report on Tuesday, July twenty third. Financial institution of America upped their value goal on shares of Truist Monetary from $45.00 to $50.00 and gave the inventory a “purchase” score in a analysis report on Tuesday, July twenty third. JPMorgan Chase & Co. lifted their value goal on Truist Monetary from $43.50 to $47.00 and gave the corporate a “impartial” score in a analysis notice on Wednesday. Lastly, StockNews.com upgraded shares of Truist Monetary from a “promote” score to a “maintain” score in a analysis report on Friday. Twelve analysis analysts have rated the inventory with a maintain score and eleven have assigned a purchase score to the corporate. In accordance with information from MarketBeat, the inventory presently has a consensus score of “Maintain” and a mean value goal of $46.02.
View Our Newest Analysis Report on TFC
Insiders Place Their Bets
In associated information, VP Cynthia B. Powell bought 6,688 shares of the inventory in a transaction that occurred on Thursday, July twenty fifth. The shares had been bought at a mean value of $44.14, for a complete worth of $295,208.32. The sale was disclosed in a submitting with the SEC, which may be accessed by this hyperlink. In different information, VP Cynthia B. Powell bought 6,688 shares of the enterprise’s inventory in a transaction dated Thursday, July twenty fifth. The shares had been bought at a mean value of $44.14, for a complete transaction of $295,208.32. The transaction was disclosed in a doc filed with the SEC, which may be accessed by this hyperlink. Additionally, CEO William H. Rogers, Jr. bought 57,300 shares of the inventory in a transaction on Tuesday, July twenty third. The inventory was purchased at a mean value of $43.96 per share, for a complete transaction of $2,518,908.00. Following the completion of the acquisition, the chief govt officer now owns 569,271 shares within the firm, valued at roughly $25,025,153.16. This commerce represents a 0.00 % enhance of their possession of the inventory. The disclosure for this buy may be discovered right here. Firm insiders personal 0.17% of the corporate’s inventory.
Truist Monetary Buying and selling Up 1.7 %
Shares of Truist Monetary inventory opened at $43.67 on Friday. The corporate has a present ratio of 0.86, a fast ratio of 0.86 and a debt-to-equity ratio of 0.61. Truist Monetary Co. has a 1 yr low of $26.95 and a 1 yr excessive of $45.31. The corporate’s fifty day easy shifting common is $42.67 and its 200-day easy shifting common is $40.29. The corporate has a market cap of $58.43 billion, a price-to-earnings ratio of -33.08, a PEG ratio of 1.82 and a beta of 1.05.
Truist Monetary (NYSE:TFC – Get Free Report) final launched its quarterly earnings information on Monday, July twenty second. The insurance coverage supplier reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.07. The corporate had income of $5.02 billion for the quarter, in comparison with the consensus estimate of $4.83 billion. Truist Monetary had a optimistic return on fairness of 9.18% and a unfavourable web margin of 5.63%. The corporate’s quarterly income was down 15.9% on a year-over-year foundation. Throughout the identical interval within the earlier yr, the enterprise earned $0.95 earnings per share. As a bunch, sell-side analysts anticipate that Truist Monetary Co. will submit 3.55 EPS for the present yr.
Truist Monetary Dividend Announcement
The corporate additionally lately introduced a quarterly dividend, which was paid on Tuesday, September third. Stockholders of file on Friday, August ninth had been paid a $0.52 dividend. The ex-dividend date was Friday, August ninth. This represents a $2.08 annualized dividend and a dividend yield of 4.76%. Truist Monetary’s dividend payout ratio (DPR) is at present -157.58%.
Truist Monetary Firm Profile
Truist Monetary Company, a monetary companies firm, offers banking and belief companies within the Southeastern and Mid-Atlantic United States. The corporate operates by three segments: Shopper Banking and Wealth, Company and Industrial Banking, and Insurance coverage Holdings.Its deposit merchandise embody noninterest-bearing checking, interest-bearing checking, financial savings, and cash market deposit accounts, in addition to certificates of deposit and particular person retirement accounts.
Featured Tales
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