Capital International Investors Has $5.33 Billion Position in Truist Financial Corporation $TFC

Capital International Investors boosted its holdings in shares of Truist Financial Corporation (NYSE:TFC) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,358,164 shares of the insurance provider’s stock after buying an additional 715,433 shares during the period. Capital International Investors owned about 8.47% of Truist Financial worth $5,332,835,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Pinebridge Investments LLC acquired a new stake in Truist Financial during the fourth quarter worth $26,243,000. WINTON GROUP Ltd acquired a new stake in Truist Financial during the fourth quarter worth $3,469,000. Curio Wealth LLC boosted its stake in shares of Truist Financial by 191.4% in the 4th quarter. Curio Wealth LLC now owns 3,022 shares of the insurance provider’s stock valued at $153,000 after purchasing an additional 1,985 shares in the last quarter. Vise Technologies Inc. boosted its stake in shares of Truist Financial by 39.8% in the 4th quarter. Vise Technologies Inc. now owns 40,785 shares of the insurance provider’s stock valued at $2,007,000 after purchasing an additional 11,612 shares in the last quarter. Finally, Continuum Advisory LLC boosted its stake in shares of Truist Financial by 12.9% in the 4th quarter. Continuum Advisory LLC now owns 5,667 shares of the insurance provider’s stock valued at $279,000 after purchasing an additional 647 shares in the last quarter. Institutional investors and hedge funds own 71.28% of the company’s stock.

Truist Financial Stock Performance

Shares of NYSE:TFC opened at $49.24 on Friday. The stock has a market capitalization of $61.35 billion, a P/E ratio of 12.22, a P/E/G ratio of 0.84 and a beta of 0.89. Truist Financial Corporation has a 1-year low of $38.83 and a 1-year high of $56.19. 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 business has a 50-day moving average price of $48.63 and a two-hundred day moving average price of $48.97.

Truist Financial (NYSE:TFC) last announced its quarterly earnings data on Friday, April 17th. The insurance provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.09. The firm had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.18 billion. Truist Financial had a return on equity of 9.55% and a net margin of 18.14%.The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.87 EPS. Equities analysts predict that Truist Financial Corporation will post 4.52 earnings per share for the current year.

Truist Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 8th were paid a $0.52 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.2%. Truist Financial’s dividend payout ratio is 51.61%.

Analyst Ratings Changes

Several brokerages have recently commented on TFC. Morgan Stanley reduced their target price on shares of Truist Financial from $63.00 to $62.00 and set an “overweight” rating on the stock in a research note on Monday, April 20th. Robert W. Baird downgraded shares of Truist Financial from an “outperform” rating to a “neutral” rating and set a $55.00 target price on the stock. in a research note on Friday, May 1st. Weiss Ratings upgraded shares of Truist Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Royal Bank Of Canada boosted their target price on shares of Truist Financial from $51.00 to $53.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Truist Financial from $57.00 to $51.50 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Nine analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $55.59.

Truist Financial Profile

Truist Financial Corporation is an American bank holding company that provides a broad range of financial services through its primary subsidiary, Truist Bank, and other operating units. The company offers traditional retail banking products and services such as deposit accounts, consumer and residential mortgage lending, and credit and debit card services. Truist also serves commercial clients with middle-market and corporate lending, treasury and payment solutions, and specialty finance products.

Beyond core banking, Truist operates wealth management, asset management, insurance and capital markets businesses.