Truist Financial Co. (NYSE:TFC) is Continental Advisors LLC’s 8th Largest Position

Continental Advisors LLC decreased its holdings in shares of Truist Financial Co. (NYSE:TFC) by 10.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 159,650 shares of the insurance provider’s stock after selling 19,000 shares during the period. Truist Financial makes up about 3.2% of Continental Advisors LLC’s holdings, making the stock its 8th largest holding. Continental Advisors LLC’s holdings in Truist Financial were worth $6,926,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. IHT Wealth Management LLC lifted its holdings in shares of Truist Financial by 2.2% during the 4th quarter. IHT Wealth Management LLC now owns 15,792 shares of the insurance provider’s stock worth $685,000 after acquiring an additional 344 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in Truist Financial by 2.1% during the fourth quarter. OneDigital Investment Advisors LLC now owns 33,906 shares of the insurance provider’s stock valued at $1,471,000 after purchasing an additional 697 shares in the last quarter. Stifel Financial Corp lifted its stake in Truist Financial by 2.8% during the fourth quarter. Stifel Financial Corp now owns 2,242,763 shares of the insurance provider’s stock worth $97,291,000 after purchasing an additional 60,848 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of Truist Financial by 45.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 3,183 shares of the insurance provider’s stock worth $138,000 after purchasing an additional 994 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Truist Financial by 62.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 86,551 shares of the insurance provider’s stock valued at $3,755,000 after purchasing an additional 33,270 shares during the last quarter. 71.28% of the stock is currently owned by institutional investors.

Truist Financial Stock Down 1.5 %

Shares of NYSE:TFC opened at $35.36 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 0.83. Truist Financial Co. has a 52-week low of $33.56 and a 52-week high of $49.06. The firm has a market capitalization of $46.16 billion, a P/E ratio of 10.62, a P/E/G ratio of 1.63 and a beta of 0.91. The stock has a 50 day moving average price of $40.99 and a 200-day moving average price of $43.76.

Truist Financial (NYSE:TFC) last announced its earnings results on Thursday, April 17th. The insurance provider reported $0.87 EPS for the quarter, meeting analysts’ consensus estimates of $0.87. Truist Financial had a net margin of 15.59% and a return on equity of 9.32%. The firm had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the previous year, the business posted $0.90 EPS. As a group, equities research analysts anticipate that Truist Financial Co. will post 4 EPS for the current fiscal year.

Truist Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a $0.52 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.08 annualized dividend and a dividend yield of 5.88%. Truist Financial’s payout ratio is currently 61.36%.

Analyst Ratings Changes

Several brokerages have issued reports on TFC. Stephens cut their target price on Truist Financial from $48.00 to $46.00 and set an “overweight” rating for the company in a research note on Monday. Baird R W raised shares of Truist Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Wells Fargo & Company cut their price target on shares of Truist Financial from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. Keefe, Bruyette & Woods lowered their target price on Truist Financial from $53.00 to $47.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Piper Sandler decreased their price target on Truist Financial from $45.00 to $41.00 and set a “neutral” rating on the stock in a research note on Monday. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $48.28.

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.