Truist Financial Co. (NYSE:TFC) Shares Sold by Fonville Wealth Management LLC

Fonville Wealth Management LLC decreased its position in Truist Financial Co. (NYSE:TFC) by 11.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,841 shares of the insurance provider’s stock after selling 873 shares during the period. Fonville Wealth Management LLC’s holdings in Truist Financial were worth $297,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TFC. Ferguson Wellman Capital Management Inc. boosted its stake in shares of Truist Financial by 5.7% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 5,452 shares of the insurance provider’s stock worth $237,000 after acquiring an additional 294 shares in the last quarter. Savant Capital LLC boosted its position in shares of Truist Financial by 22.3% in the 4th quarter. Savant Capital LLC now owns 73,966 shares of the insurance provider’s stock valued at $3,209,000 after purchasing an additional 13,482 shares during the period. HTLF Bank acquired a new position in shares of Truist Financial in the 4th quarter valued at $200,000. Newbridge Financial Services Group Inc. raised its holdings in Truist Financial by 785.1% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 4,452 shares of the insurance provider’s stock worth $193,000 after buying an additional 3,949 shares during the period. Finally, Kestra Private Wealth Services LLC lifted its stake in Truist Financial by 6.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 81,324 shares of the insurance provider’s stock valued at $3,528,000 after buying an additional 4,725 shares in the last quarter. Institutional investors own 71.28% of the company’s stock.

Truist Financial Trading Down 1.0 %

Shares of TFC stock opened at $47.68 on Monday. Truist Financial Co. has a 12 month low of $34.23 and a 12 month high of $49.06. The company has a market cap of $63.30 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 1.69 and a beta of 1.08. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $45.53 and its two-hundred day moving average is $44.26.

Truist Financial (NYSE:TFC) last released its earnings results on Friday, January 17th. The insurance provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The firm had revenue of $5.11 billion during the quarter, compared to analyst estimates of $5.05 billion. Truist Financial had a net margin of 15.59% and a return on equity of 9.32%. The business’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 EPS. Equities analysts predict that Truist Financial Co. will post 3.98 EPS for the current year.

Truist Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date is Friday, February 14th. Truist Financial’s dividend payout ratio (DPR) is currently 62.46%.

Analyst Ratings Changes

TFC has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of Truist Financial from $47.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Compass Point increased their target price on Truist Financial from $47.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Morgan Stanley lifted their price target on Truist Financial from $55.00 to $56.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. StockNews.com raised Truist Financial from a “sell” rating to a “hold” rating in a research note on Friday, January 17th. Finally, HSBC upgraded Truist Financial from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Tuesday, January 7th. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $50.79.

Insiders Place Their Bets

In related news, Director K. David Jr. Boyer sold 4,966 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $46.20, for a total transaction of $229,429.20. Following the transaction, the director now directly owns 11,246 shares in the company, valued at $519,565.20. The trade was a 30.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William H. Rogers, Jr. purchased 34,180 shares of the business’s stock in a transaction on Monday, November 25th. The stock was purchased at an average cost of $48.56 per share, with a total value of $1,659,780.80. Following the acquisition, the chief executive officer now owns 691,451 shares in the company, valued at approximately $33,576,860.56. This represents a 5.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.17% of the company’s stock.

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.