Voya Financial Advisors Inc. Has $1.29 Million Stake in Truist Financial Co. (NYSE:TFC)

Voya Financial Advisors Inc. grew its holdings in Truist Financial Co. (NYSE:TFC) by 1.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 29,744 shares of the insurance provider’s stock after purchasing an additional 333 shares during the period. Voya Financial Advisors Inc.’s holdings in Truist Financial were worth $1,290,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of TFC. Bangor Savings Bank grew its position in shares of Truist Financial by 92.5% in the 4th quarter. Bangor Savings Bank now owns 566 shares of the insurance provider’s stock valued at $25,000 after buying an additional 272 shares during the last quarter. Hopwood Financial Services Inc. bought a new position in shares of Truist Financial in the 4th quarter worth $26,000. Curio Wealth LLC bought a new position in shares of Truist Financial in the 4th quarter worth $45,000. City State Bank increased its stake in Truist Financial by 158.1% during the 4th quarter. City State Bank now owns 1,169 shares of the insurance provider’s stock valued at $51,000 after purchasing an additional 716 shares in the last quarter. Finally, Brown Lisle Cummings Inc. acquired a new position in Truist Financial during the fourth quarter worth $55,000. Institutional investors and hedge funds own 71.28% of the company’s stock.

Analyst Upgrades and Downgrades

TFC has been the subject of several analyst reports. Citigroup lowered their price objective on Truist Financial from $51.00 to $44.00 and set a “neutral” rating for the company in a research note on Monday, March 24th. Morgan Stanley cut their price objective on shares of Truist Financial from $50.00 to $43.00 and set an “equal weight” rating on the stock in a report on Monday, April 7th. StockNews.com upgraded shares of Truist Financial from a “sell” rating to a “hold” rating in a report on Sunday, April 20th. Baird R W upgraded shares of Truist Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, Argus set a $43.00 price objective on shares of Truist Financial in a research note on Monday. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $47.83.

Truist Financial Trading Up 1.9 %

Shares of TFC stock opened at $37.86 on Friday. Truist Financial Co. has a 1 year low of $33.56 and a 1 year high of $49.06. The company’s fifty day simple moving average is $40.41 and its two-hundred day simple moving average is $43.63. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $49.42 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 1.63 and a beta of 0.91.

Truist Financial (NYSE:TFC) last issued its quarterly earnings data on Thursday, April 17th. The insurance provider reported $0.87 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.87. Truist Financial had a return on equity of 9.32% and a net margin of 15.59%. The business had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the prior year, the firm posted $0.90 EPS. As a group, analysts anticipate that Truist Financial Co. will post 4 earnings per share for the current year.

Truist Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 5.49%. The ex-dividend date was Friday, February 14th. Truist Financial’s dividend payout ratio is presently 61.36%.

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.