Guardian Wealth Advisors LLC NC Purchases 31,860 Shares of Truist Financial Corporation $TFC

Guardian Wealth Advisors LLC NC increased its position in Truist Financial Corporation (NYSE:TFC) by 71.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,269 shares of the insurance provider’s stock after purchasing an additional 31,860 shares during the quarter. Guardian Wealth Advisors LLC NC’s holdings in Truist Financial were worth $3,753,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of TFC. Crawford Investment Counsel Inc. boosted its position in Truist Financial by 66.7% during the 4th quarter. Crawford Investment Counsel Inc. now owns 12,804 shares of the insurance provider’s stock valued at $630,000 after acquiring an additional 5,121 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in Truist Financial during the 4th quarter valued at $25,000. &PARTNERS boosted its position in Truist Financial by 13.1% during the 4th quarter. &PARTNERS now owns 347,256 shares of the insurance provider’s stock valued at $17,089,000 after acquiring an additional 40,107 shares in the last quarter. Persistent Asset Partners Ltd bought a new stake in Truist Financial during the 4th quarter valued at $921,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in Truist Financial during the 4th quarter valued at $1,296,000. Institutional investors own 71.28% of the company’s stock.

Truist Financial Stock Up 1.4%

Truist Financial stock opened at $49.15 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $61.24 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 0.83 and a beta of 0.89. Truist Financial Corporation has a 1-year low of $38.88 and a 1-year high of $56.19. The business has a fifty day moving average price of $49.16 and a 200-day moving average price of $49.22.

Truist Financial (NYSE:TFC) last posted its quarterly earnings data on Friday, April 17th. The insurance provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 EPS. Equities research analysts forecast that Truist Financial Corporation will post 4.5 EPS for the current fiscal year.

Truist Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 8th were given 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 (DPR) is presently 51.61%.

Wall Street Analyst Weigh In

TFC has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a “mixed” rating and set a $45.00 target price on shares of Truist Financial in a research report on Friday, April 17th. JPMorgan Chase & Co. dropped their target price on Truist Financial from $57.00 to $51.50 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Morgan Stanley dropped their target price on Truist Financial from $63.00 to $62.00 and set an “overweight” rating on the stock in a research report on Monday, April 20th. Robert W. Baird cut Truist Financial from an “outperform” rating to a “neutral” rating and set a $55.00 target price on the stock. in a research report on Friday, May 1st. Finally, Royal Bank Of Canada increased their target price on Truist Financial from $51.00 to $53.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Truist Financial has an average rating of “Moderate Buy” and a consensus price target of $55.79.

Truist Financial Company 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.