Evermay Wealth Management LLC Has $233,000 Stock Holdings in Truist Financial Co. (NYSE:TFC)

Evermay Wealth Management LLC decreased its position in shares of Truist Financial Co. (NYSE:TFC) by 7.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,985 shares of the insurance provider’s stock after selling 449 shares during the period. Evermay Wealth Management LLC’s holdings in Truist Financial were worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Crewe Advisors LLC acquired a new stake in shares of Truist Financial during the 1st quarter worth approximately $27,000. Opal Wealth Advisors LLC acquired a new stake in Truist Financial in the first quarter valued at approximately $29,000. MFA Wealth Advisors LLC acquired a new stake in Truist Financial in the second quarter valued at approximately $30,000. Missouri Trust & Investment Co boosted its position in Truist Financial by 227.2% in the fourth quarter. Missouri Trust & Investment Co now owns 854 shares of the insurance provider’s stock valued at $32,000 after buying an additional 593 shares in the last quarter. Finally, Rise Advisors LLC acquired a new stake in Truist Financial in the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 71.28% of the company’s stock.

Insider Buying and Selling

In related news, VP Cynthia B. Powell sold 6,688 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $44.14, for a total transaction of $295,208.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Truist Financial news, VP Cynthia B. Powell sold 6,688 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $44.14, for a total value of $295,208.32. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William H. Rogers, Jr. bought 57,300 shares of the company’s stock in a transaction on Tuesday, July 23rd. The stock was bought at an average price of $43.96 per share, for a total transaction of $2,518,908.00. Following the completion of the purchase, the chief executive officer now owns 569,271 shares of the company’s stock, valued at $25,025,153.16. The disclosure for this purchase can be found here. 0.17% of the stock is owned by corporate insiders.

Truist Financial Stock Up 0.3 %

TFC traded up $0.13 during midday trading on Tuesday, hitting $44.59. The company had a trading volume of 810,173 shares, compared to its average volume of 8,294,721. Truist Financial Co. has a 52 week low of $26.57 and a 52 week high of $45.31. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $59.67 billion, a price-to-earnings ratio of -33.68, a PEG ratio of 2.08 and a beta of 1.06. The stock’s 50 day moving average price is $41.79 and its 200 day moving average price is $38.89.

Truist Financial (NYSE:TFC) last posted its earnings results on Monday, July 22nd. The insurance provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.84 by $0.07. The company had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.83 billion. Truist Financial had a negative net margin of 5.63% and a positive return on equity of 9.18%. The firm’s revenue for the quarter was down 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 earnings per share. On average, research analysts anticipate that Truist Financial Co. will post 3.55 earnings per share for the current fiscal year.

Truist Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 9th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.66%. The ex-dividend date is Friday, August 9th. Truist Financial’s dividend payout ratio (DPR) is presently -157.58%.

Wall Street Analyst Weigh In

TFC has been the topic of a number of research analyst reports. Morgan Stanley raised their target price on shares of Truist Financial from $46.00 to $51.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th. The Goldman Sachs Group lifted their price target on shares of Truist Financial from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Royal Bank of Canada lifted their price target on shares of Truist Financial from $42.00 to $45.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Argus lifted their price target on shares of Truist Financial from $44.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, Piper Sandler lifted their price target on shares of Truist Financial from $38.00 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Truist Financial currently has an average rating of “Hold” and a consensus target price of $45.30.

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.