Nisa Investment Advisors LLC Sells 2,106 Shares of Truist Financial Corporation $TFC

Nisa Investment Advisors LLC lessened its stake in Truist Financial Corporation (NYSE:TFC) by 0.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 452,386 shares of the insurance provider’s stock after selling 2,106 shares during the period. Nisa Investment Advisors LLC’s holdings in Truist Financial were worth $19,448,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Wealthfront Advisers LLC lifted its stake in shares of Truist Financial by 14.0% in the second quarter. Wealthfront Advisers LLC now owns 253,236 shares of the insurance provider’s stock valued at $10,887,000 after buying an additional 31,008 shares during the period. New Hampshire Trust lifted its stake in shares of Truist Financial by 6.7% in the second quarter. New Hampshire Trust now owns 8,770 shares of the insurance provider’s stock valued at $377,000 after buying an additional 550 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of Truist Financial by 0.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 411,103 shares of the insurance provider’s stock valued at $17,673,000 after buying an additional 1,998 shares during the period. Brighton Jones LLC lifted its stake in shares of Truist Financial by 10.8% in the second quarter. Brighton Jones LLC now owns 25,565 shares of the insurance provider’s stock valued at $1,099,000 after buying an additional 2,497 shares during the period. Finally, MQS Management LLC bought a new stake in shares of Truist Financial in the second quarter valued at about $439,000. Institutional investors own 71.28% of the company’s stock.

Truist Financial Stock Performance

NYSE:TFC opened at $44.17 on Monday. Truist Financial Corporation has a 1 year low of $33.56 and a 1 year high of $49.06. The firm has a 50 day moving average of $45.06 and a 200-day moving average of $42.54. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $56.96 billion, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 1.21 and a beta of 0.88.

Truist Financial (NYSE:TFC) last posted its earnings results on Friday, October 17th. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.05. Truist Financial had a net margin of 16.84% and a return on equity of 8.73%. The company 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 earnings per share. Truist Financial’s quarterly revenue 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, sell-side analysts anticipate that Truist Financial Corporation will post 4 EPS for the current fiscal 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 $0.52 dividend. 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 payout ratio is 55.91%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. UBS Group set a $55.00 price target on shares of Truist Financial in a research note on Tuesday, October 21st. Piper Sandler set a $48.00 price target on shares of Truist Financial in a research note on Monday, October 20th. TD Cowen upgraded Truist Financial from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Tuesday, October 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Truist Financial in a research report on Friday. Finally, Morgan Stanley raised their target price on Truist Financial from $54.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Truist Financial 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.