Truist Financial Corporation $TFC Shares Purchased by Waterloo Capital L.P.

Waterloo Capital L.P. grew its holdings in Truist Financial Corporation (NYSE:TFC) by 17.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,743 shares of the insurance provider’s stock after purchasing an additional 2,346 shares during the quarter. Waterloo Capital L.P.’s holdings in Truist Financial were worth $677,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Foster Victor Wealth Advisors LLC increased its position in Truist Financial by 0.4% during the second quarter. Foster Victor Wealth Advisors LLC now owns 62,087 shares of the insurance provider’s stock worth $2,804,000 after buying an additional 242 shares in the last quarter. MGO One Seven LLC boosted its stake in shares of Truist Financial by 0.9% during the second quarter. MGO One Seven LLC now owns 28,849 shares of the insurance provider’s stock valued at $1,240,000 after acquiring an additional 246 shares during the last quarter. Klingman & Associates LLC increased its position in Truist Financial by 2.2% during the 1st quarter. Klingman & Associates LLC now owns 11,756 shares of the insurance provider’s stock worth $484,000 after purchasing an additional 248 shares in the last quarter. Haverford Trust Co raised its stake in Truist Financial by 3.5% in the 1st quarter. Haverford Trust Co now owns 7,751 shares of the insurance provider’s stock valued at $319,000 after purchasing an additional 262 shares during the last quarter. Finally, Keystone Financial Group Inc. lifted its holdings in Truist Financial by 1.3% in the 2nd quarter. Keystone Financial Group Inc. now owns 21,283 shares of the insurance provider’s stock valued at $942,000 after purchasing an additional 266 shares in the last quarter. 71.28% of the stock is currently owned by institutional investors and hedge funds.

Truist Financial Trading Up 0.1%

NYSE TFC opened at $45.53 on Tuesday. The company’s fifty day simple moving average is $44.59 and its 200-day simple moving average is $43.64. The stock has a market cap of $58.24 billion, a P/E ratio of 12.24, a PEG ratio of 1.20 and a beta of 0.92. Truist Financial Corporation has a 52 week low of $33.56 and a 52 week high of $49.06. 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 (NYSE:TFC) last issued its quarterly earnings results on Friday, October 17th. The insurance provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.05. Truist Financial had a return on equity of 8.73% and a net margin of 16.84%.The firm had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter in the prior year, the business posted $0.97 earnings per share. Truist Financial’s revenue for the quarter 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. Equities research analysts predict that Truist Financial Corporation will post 4 EPS for the current fiscal year.

Truist Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, November 14th. Truist Financial’s payout ratio is 55.91%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TFC shares. Raymond James Financial restated an “outperform” rating on shares of Truist Financial in a research report on Tuesday, October 7th. Keefe, Bruyette & Woods upped their target price on Truist Financial from $48.00 to $49.00 and gave the company a “market perform” rating in a research note on Monday, October 20th. Morgan Stanley lifted their price target on Truist Financial from $54.00 to $55.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Wall Street Zen lowered shares of Truist Financial from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, UBS Group set a $55.00 price target on shares of Truist Financial in a report on Tuesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $50.59.

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.