Uncommon Cents Investing LLC Acquires 1,846 Shares of Truist Financial Co. (NYSE:TFC)

Uncommon Cents Investing LLC lifted its holdings in shares of Truist Financial Co. (NYSE:TFC) by 19.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,345 shares of the insurance provider’s stock after acquiring an additional 1,846 shares during the period. Uncommon Cents Investing LLC’s holdings in Truist Financial were worth $419,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TFC. Fairfield Bush & CO. bought a new stake in Truist Financial in the 1st quarter worth about $25,000. OFI Invest Asset Management bought a new stake in Truist Financial in the 3rd quarter worth about $26,000. Operose Advisors LLC bought a new position in shares of Truist Financial during the 3rd quarter valued at approximately $31,000. Quarry LP bought a new position in shares of Truist Financial during the 1st quarter valued at approximately $32,000. Finally, Tyler Stone Wealth Management bought a new position in shares of Truist Financial during the 3rd quarter valued at approximately $33,000. 71.28% of the stock is owned by institutional investors.

Truist Financial Stock Performance

Shares of Truist Financial stock traded up $0.38 on Thursday, hitting $38.97. 8,403,567 shares of the company’s stock were exchanged, compared to its average volume of 9,890,929. The company has a 50-day simple moving average of $36.41 and a 200-day simple moving average of $33.42. The stock has a market capitalization of $52.01 billion, a PE ratio of -36.08, a PEG ratio of 1.58 and a beta of 1.07. Truist Financial Co. has a 1 year low of $25.56 and a 1 year high of $39.29. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.82 and a current ratio of 0.82.

Truist Financial (NYSE:TFC) last issued its quarterly earnings results on Thursday, January 18th. The insurance provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.13. The business had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.70 billion. Truist Financial had a negative net margin of 3.28% and a positive return on equity of 9.64%. During the same quarter last year, the company posted $1.30 EPS. As a group, equities analysts anticipate that Truist Financial Co. will post 3.39 EPS for the current year.

Truist Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 5.34%. The ex-dividend date was Thursday, February 8th. Truist Financial’s dividend payout ratio is presently -192.59%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. HSBC increased their target price on shares of Truist Financial from $37.00 to $39.00 and gave the company a “hold” rating in a research report on Thursday. Piper Sandler upped their price target on shares of Truist Financial from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, January 19th. Barclays upped their price target on shares of Truist Financial from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Odeon Capital Group raised shares of Truist Financial from a “hold” rating to a “buy” rating and set a $40.45 price target on the stock in a report on Thursday, December 14th. Finally, Wells Fargo & Company raised their price target on shares of Truist Financial from $39.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $40.30.

Insider Activity at Truist Financial

In related news, Director K. David Jr. Boyer sold 3,764 shares of Truist Financial stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $37.48, for a total transaction of $141,074.72. Following the transaction, the director now owns 16,132 shares in the company, valued at approximately $604,627.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.17% of the stock is owned by corporate insiders.

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.