Yousif Capital Management LLC Has $7.46 Million Holdings in Truist Financial Co. (NYSE:TFC)

Yousif Capital Management LLC lessened its position in shares of Truist Financial Co. (NYSE:TFC) by 0.6% in the first quarter, Holdings Channel.com reports. The firm owned 181,357 shares of the insurance provider’s stock after selling 1,089 shares during the period. Yousif Capital Management LLC’s holdings in Truist Financial were worth $7,463,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hopwood Financial Services Inc. bought a new stake in shares of Truist Financial in the fourth quarter valued at about $26,000. Navigoe LLC acquired a new stake in shares of Truist Financial in the fourth quarter valued at approximately $26,000. Curio Wealth LLC bought a new stake in shares of Truist Financial in the fourth quarter worth $45,000. TCTC Holdings LLC boosted its holdings in Truist Financial by 28.1% during the fourth quarter. TCTC Holdings LLC now owns 1,310 shares of the insurance provider’s stock worth $57,000 after purchasing an additional 287 shares during the last quarter. Finally, Pinney & Scofield Inc. acquired a new position in Truist Financial during the fourth quarter worth $57,000. Institutional investors and hedge funds own 71.28% of the company’s stock.

Truist Financial Stock Down 1.1%

TFC opened at $40.29 on Thursday. The stock’s fifty day simple moving average is $38.59 and its 200 day simple moving average is $42.53. Truist Financial Co. has a 1-year low of $33.56 and a 1-year high of $49.06. The stock has a market cap of $52.75 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 1.63 and a beta of 0.84. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61.

Truist Financial (NYSE:TFC) last released its quarterly earnings data on Thursday, April 17th. The insurance provider reported $0.87 EPS for the quarter, meeting the consensus estimate of $0.87. The firm had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $4.99 billion. Truist Financial had a net margin of 15.59% and a return on equity of 9.32%. During the same period in the previous year, the company earned $0.90 earnings per share. As a group, research analysts expect that Truist Financial Co. will post 4 earnings per share for the current year.

Truist Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 9th were paid a $0.52 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $2.08 dividend on an annualized basis and a yield of 5.16%. Truist Financial’s dividend payout ratio (DPR) is currently 61.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wells Fargo & Company cut their price target on shares of Truist Financial from $52.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. JPMorgan Chase & Co. lowered their target price on Truist Financial from $48.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Raymond James cut Truist Financial from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd. Barclays decreased their price target on Truist Financial from $51.00 to $47.00 and set an “equal weight” rating for the company in a research note on Monday, April 21st. Finally, Citigroup dropped their price objective on Truist Financial from $51.00 to $44.00 and set a “neutral” rating on the stock in a research note on Monday, March 24th. Nine equities 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.83.

Truist Financial 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.