Truist Financial Co. (NYSE:TFC) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC decreased its holdings in shares of Truist Financial Co. (NYSE:TFC) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,486 shares of the insurance provider’s stock after selling 1,793 shares during the period. Kintegral Advisory LLC’s holdings in Truist Financial were worth $1,670,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Peregrine Asset Advisers Inc. acquired a new stake in Truist Financial during the fourth quarter worth about $2,420,000. Physicians Financial Services Inc. grew its holdings in shares of Truist Financial by 0.8% during the fourth quarter. Physicians Financial Services Inc. now owns 36,785 shares of the insurance provider’s stock valued at $1,596,000 after purchasing an additional 300 shares during the last quarter. Timonier Family Office LTD. acquired a new stake in shares of Truist Financial during the 4th quarter worth approximately $282,000. ING Groep NV bought a new stake in shares of Truist Financial in the 4th quarter worth approximately $2,594,000. Finally, Hardy Reed LLC boosted its position in Truist Financial by 51.7% during the 4th quarter. Hardy Reed LLC now owns 8,742 shares of the insurance provider’s stock valued at $379,000 after purchasing an additional 2,980 shares during the period. 71.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO William H. Rogers, Jr. bought 34,180 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was bought at an average cost of $48.56 per share, for a total transaction of $1,659,780.80. Following the completion of the acquisition, the chief executive officer now directly owns 691,451 shares in the company, valued at $33,576,860.56. This represents a 5.20 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director K. David Jr. Boyer sold 4,966 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $46.20, for a total transaction of $229,429.20. Following the sale, the director now owns 11,246 shares in the company, valued at $519,565.20. This represents a 30.63 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

Truist Financial Price Performance

Shares of Truist Financial stock opened at $45.67 on Friday. Truist Financial Co. has a 52 week low of $34.26 and a 52 week high of $49.06. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61. The company’s 50-day moving average price is $45.61 and its two-hundred day moving average price is $44.49. The stock has a market cap of $60.62 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 1.63 and a beta of 1.08.

Truist Financial (NYSE:TFC) last released its earnings results on Friday, January 17th. The insurance provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The business had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $5.05 billion. Truist Financial had a net margin of 15.59% and a return on equity of 9.32%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.81 EPS. As a group, sell-side analysts anticipate that Truist Financial Co. will post 4 EPS for the current fiscal year.

Truist Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 4.55%. The ex-dividend date is Friday, February 14th. Truist Financial’s dividend payout ratio is presently 62.46%.

Analyst Upgrades and Downgrades

TFC has been the topic of several analyst reports. Wells Fargo & Company increased their target price on Truist Financial from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Piper Sandler increased their price objective on shares of Truist Financial from $46.00 to $51.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Barclays boosted their target price on shares of Truist Financial from $47.00 to $51.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Keefe, Bruyette & Woods raised their price target on shares of Truist Financial from $55.00 to $57.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. Finally, Citigroup boosted their price objective on Truist Financial from $47.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Truist Financial presently has an average rating of “Moderate Buy” and a consensus target price of $50.79.

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.