AG2R LA Mondiale Gestion D Actifs Acquires 2,000 Shares of Truist Financial Corporation $TFC

AG2R LA Mondiale Gestion D Actifs grew its holdings in Truist Financial Corporation (NYSE:TFC) by 4.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,167 shares of the insurance provider’s stock after acquiring an additional 2,000 shares during the quarter. AG2R LA Mondiale Gestion D Actifs’ holdings in Truist Financial were worth $2,243,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Wealth Preservation Advisors LLC bought a new position in shares of Truist Financial during the first quarter worth about $25,000. Centennial Bank AR grew its holdings in shares of Truist Financial by 360.2% during the first quarter. Centennial Bank AR now owns 741 shares of the insurance provider’s stock worth $30,000 after buying an additional 580 shares in the last quarter. Princeton Global Asset Management LLC bought a new position in shares of Truist Financial during the second quarter worth about $30,000. Motco grew its holdings in shares of Truist Financial by 435.6% during the first quarter. Motco now owns 798 shares of the insurance provider’s stock worth $33,000 after buying an additional 649 shares in the last quarter. Finally, Ramirez Asset Management Inc. grew its holdings in shares of Truist Financial by 60.0% during the second quarter. Ramirez Asset Management Inc. now owns 800 shares of the insurance provider’s stock worth $34,000 after buying an additional 300 shares in the last quarter. 71.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on TFC. Piper Sandler set a $48.00 price objective on Truist Financial in a report on Monday, October 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Truist Financial in a research report on Friday. TD Cowen raised Truist Financial from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Tuesday, October 21st. Keefe, Bruyette & Woods increased their price target on Truist Financial from $48.00 to $49.00 and gave the company a “market perform” rating in a research report on Monday, October 20th. Finally, UBS Group set a $55.00 price target on Truist Financial in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Truist Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.59.

Truist Financial Stock Performance

Shares of NYSE TFC opened at $44.17 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.70. Truist Financial Corporation has a 12 month low of $33.56 and a 12 month high of $49.06. The stock has a 50 day moving average of $45.06 and a 200-day moving average of $42.51. The company has a market capitalization of $56.96 billion, a P/E ratio of 11.87, a P/E/G ratio of 1.21 and a beta of 0.88.

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

Truist Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 8th were paid a dividend of $0.52 per share. The ex-dividend date was Friday, August 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.7%. Truist Financial’s dividend payout ratio (DPR) is 55.91%.

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.