Research Analysts’ Weekly Ratings Changes for Truist Financial (TFC)

A number of firms have modified their ratings and price targets on shares of Truist Financial (NYSE: TFC) recently:

• 4/3/2025 – Truist Financial had its price target lowered by analysts at JPMorgan Chase & Co. from $48.00 to $42.00. They now have a “neutral” rating on the stock.
• 4/2/2025 – Truist Financial was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating.
• 3/28/2025 – Truist Financial had its price target lowered by analysts at Wells Fargo & Company from $52.00 to $50.00. They now have an “overweight” rating on the stock.
• 3/24/2025 – Truist Financial had its price target lowered by analysts at Citigroup Inc. from $51.00 to $44.00. They now have a “neutral” rating on the stock.
• 3/5/2025 – Truist Financial was upgraded by analysts at Baird R W from a “hold” rating to a “strong-buy” rating.
• 3/5/2025 – Truist Financial was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $52.00 price target on the stock, up previously from $48.00.

Truist Financial Stock Performance

TFC stock traded down $3.36 during trading on Thursday, reaching $38.20. 7,061,414 shares of the company’s stock were exchanged, compared to its average volume of 7,746,761. Truist Financial Co. has a 1-year low of $35.09 and a 1-year high of $49.06. The firm has a market cap of $49.87 billion, a PE ratio of 11.47, a P/E/G ratio of 1.63 and a beta of 1.08. The company’s fifty day moving average price is $44.41 and its 200-day moving average price is $44.41. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61.

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, beating the consensus estimate of $0.88 by $0.03. The business had revenue of $5.11 billion during the quarter, compared to analysts’ expectations 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 was up 3.4% on a year-over-year basis. During the same period last year, the firm posted $0.81 earnings per share. On average, research analysts expect that Truist Financial Co. will post 4 EPS for the current fiscal year.

Truist Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given 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 5.45%. Truist Financial’s dividend payout ratio (DPR) is 62.46%.

Institutional Trading of Truist Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bangor Savings Bank lifted its position in shares of Truist Financial by 92.5% during the 4th quarter. Bangor Savings Bank now owns 566 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 272 shares during the last quarter. Hopwood Financial Services Inc. purchased a new stake in shares of Truist Financial during the fourth quarter valued at $26,000. Navigoe LLC acquired a new position in shares of Truist Financial in the 4th quarter valued at $26,000. Curio Wealth LLC purchased a new position in Truist Financial in the 4th quarter worth about $45,000. Finally, City State Bank raised its holdings in Truist Financial by 158.1% during the 4th quarter. City State Bank now owns 1,169 shares of the insurance provider’s stock worth $51,000 after buying an additional 716 shares during the period. 71.28% of the stock is owned by institutional investors and hedge funds.

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.