Truist Financial Corporation (NYSE:TFC) EVP Michael Baron Maguire Sells 7,689 Shares

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Truist Financial Corporation (NYSE:TFC) EVP Michael Baron Maguire sold 7,689 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $55.19, for a total value of $424,355.91. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of TFC opened at $54.94 on Friday. The firm has a market cap of $41.76 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 1.50 and a beta of 1.16. The stock has a 50 day moving average of $55.21 and a 200-day moving average of $52.79. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.67. Truist Financial Corporation has a 52 week low of $44.51 and a 52 week high of $56.92.

Truist Financial (NYSE:TFC) last issued its earnings results on Thursday, January 30th. The insurance provider reported $1.12 EPS for the quarter, topping the consensus estimate of $1.02 by $0.10. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.65 billion. Truist Financial had a return on equity of 10.03% and a net margin of 21.49%. During the same quarter last year, the firm earned $1.05 EPS. On average, sell-side analysts predict that Truist Financial Corporation will post 4.4 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 14th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.80 annualized dividend and a dividend yield of 3.28%. Truist Financial’s payout ratio is 41.19%.

TFC has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Truist Financial from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research note on Wednesday, January 1st. Stephens lowered their price objective on Truist Financial from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Janney Montgomery Scott lowered Truist Financial from a “buy” rating to a “neutral” rating in a research note on Monday, November 11th. UBS Group lowered their price objective on Truist Financial from $53.00 to $52.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. Finally, Odeon Capital Group lowered Truist Financial from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $55.33.

Institutional investors and hedge funds have recently modified their holdings of the company. Hudock Capital Group LLC bought a new stake in shares of Truist Financial in the 4th quarter worth approximately $26,000. Riggs Asset Managment Co. Inc. bought a new stake in shares of Truist Financial in the 4th quarter worth approximately $26,000. NuWave Investment Management LLC bought a new stake in shares of Truist Financial in the 4th quarter worth approximately $26,000. Field & Main Bank bought a new stake in shares of Truist Financial in the 4th quarter worth approximately $26,000. Finally, Reilly Financial Advisors LLC bought a new stake in shares of Truist Financial in the 4th quarter worth approximately $27,000. Institutional investors own 73.02% of the company’s stock.

Truist Financial Company Profile

Truist Financial Corp., formerly BB&T, is a bank holding company based in Charlotte, North Carolina. Its bank operates 2,049 branches in 15 states and Washington, DC, and offers consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance products and services.

Further Reading: The limitations of an equal weight rating

Insider Buying and Selling by Quarter for Truist Financial (NYSE:TFC)

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