StoneX Group Inc. Has $3.49 Million Stock Holdings in Truist Financial Co. (NYSE:TFC)

StoneX Group Inc. lifted its holdings in Truist Financial Co. (NYSE:TFC) by 23.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80,403 shares of the insurance provider’s stock after purchasing an additional 15,138 shares during the period. StoneX Group Inc.’s holdings in Truist Financial were worth $3,488,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Fisher Asset Management LLC lifted its position in shares of Truist Financial by 4.5% in the 3rd quarter. Fisher Asset Management LLC now owns 7,995 shares of the insurance provider’s stock worth $342,000 after acquiring an additional 345 shares during the period. FMR LLC lifted its position in Truist Financial by 10.6% in the third quarter. FMR LLC now owns 5,003,106 shares of the insurance provider’s stock worth $213,983,000 after purchasing an additional 478,886 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Truist Financial during the third quarter worth $26,087,000. Edgestream Partners L.P. bought a new stake in Truist Financial in the 3rd quarter valued at $962,000. Finally, Cobblestone Capital Advisors LLC NY raised its stake in shares of Truist Financial by 2.5% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 14,045 shares of the insurance provider’s stock valued at $601,000 after buying an additional 339 shares in the last quarter. Institutional investors and hedge funds own 71.28% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on TFC shares. Keefe, Bruyette & Woods upped their price target on Truist Financial from $55.00 to $57.00 and gave the company an “outperform” rating in a research report on Tuesday, January 21st. HSBC raised shares of Truist Financial from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Tuesday, January 7th. Robert W. Baird raised shares of Truist Financial from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $48.00 to $52.00 in a report on Wednesday, March 5th. Citigroup decreased their price objective on shares of Truist Financial from $51.00 to $44.00 and set a “neutral” rating on the stock in a research note on Monday, March 24th. Finally, Barclays boosted their target price on Truist Financial from $47.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $50.68.

Truist Financial Trading Up 1.7 %

Truist Financial stock opened at $41.16 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 fifty-two week low of $35.09 and a fifty-two week high of $49.06. The stock has a market cap of $53.74 billion, a P/E ratio of 12.36, a PEG ratio of 1.63 and a beta of 1.08. The firm’s fifty day moving average price is $44.65 and its 200-day moving average price is $44.43.

Truist Financial (NYSE:TFC) last posted its quarterly earnings data on Friday, January 17th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. Truist Financial had a net margin of 15.59% and a return on equity of 9.32%. The company had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $5.05 billion. During the same period in the previous year, the firm posted $0.81 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. Equities research analysts forecast that Truist Financial Co. will post 4 earnings per share for the current fiscal year.

Truist Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.08 annualized dividend and a dividend yield of 5.05%. Truist Financial’s dividend payout ratio (DPR) is presently 62.46%.

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.