5,727 Shares in Truist Financial Corporation $TFC Purchased by Lafayette Investments Inc.

Lafayette Investments Inc. bought a new position in shares of Truist Financial Corporation (NYSE:TFC) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,727 shares of the insurance provider’s stock, valued at approximately $246,000.

A number of other institutional investors have also added to or reduced their stakes in TFC. Brighton Jones LLC grew its position in Truist Financial by 148.5% during the fourth quarter. Brighton Jones LLC now owns 23,581 shares of the insurance provider’s stock worth $1,023,000 after buying an additional 14,093 shares in the last quarter. GAMMA Investing LLC lifted its stake in Truist Financial by 7.9% during the first quarter. GAMMA Investing LLC now owns 28,101 shares of the insurance provider’s stock worth $1,156,000 after purchasing an additional 2,061 shares during the period. Exchange Traded Concepts LLC lifted its stake in Truist Financial by 21.7% during the first quarter. Exchange Traded Concepts LLC now owns 2,886 shares of the insurance provider’s stock worth $119,000 after purchasing an additional 515 shares during the period. Nilsine Partners LLC lifted its stake in Truist Financial by 9.4% during the first quarter. Nilsine Partners LLC now owns 7,330 shares of the insurance provider’s stock worth $302,000 after purchasing an additional 629 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in Truist Financial during the first quarter worth about $1,597,000. 71.28% of the stock is owned by institutional investors and hedge funds.

Truist Financial Stock Performance

TFC stock opened at $43.44 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.86. The company has a 50 day moving average price of $45.13 and a 200 day moving average price of $42.32. Truist Financial Corporation has a fifty-two week low of $33.56 and a fifty-two week high of $49.06. The stock has a market capitalization of $56.01 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 1.36 and a beta of 0.88.

Truist Financial (NYSE:TFC) last posted its quarterly earnings data on Friday, October 17th. The insurance provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.05. Truist Financial had a net margin of 16.84% and a return on equity of 8.73%. The firm had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.20 billion. During the same quarter in the previous year, the company posted $0.97 EPS. Truist Financial’s revenue was up 1.9% on a year-over-year basis. Truist Financial has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts forecast that Truist Financial Corporation will post 4 EPS for the current year.

Truist Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 8th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.8%. The ex-dividend date was Friday, August 8th. Truist Financial’s payout ratio is 55.91%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Truist Financial in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods raised their price target on shares of Truist Financial from $48.00 to $49.00 and gave the stock a “market perform” rating in a research note on Monday. Evercore ISI raised their price target on shares of Truist Financial from $48.00 to $50.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 30th. Raymond James Financial reiterated an “outperform” rating on shares of Truist Financial in a research note on Tuesday, October 7th. Finally, Morgan Stanley lifted their target price on shares of Truist Financial from $54.00 to $55.00 and gave the company an “equal weight” rating in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Truist Financial currently has an average rating of “Moderate Buy” and a consensus target price of $49.63.

About Truist Financial

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.