Aull & Monroe Investment Management Corp Decreases Stake in Truist Financial Co. (NYSE:TFC)

Aull & Monroe Investment Management Corp reduced its holdings in Truist Financial Co. (NYSE:TFC) by 7.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,535 shares of the insurance provider’s stock after selling 1,000 shares during the period. Aull & Monroe Investment Management Corp’s holdings in Truist Financial were worth $544,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of TFC. Farther Finance Advisors LLC lifted its stake in shares of Truist Financial by 74.4% in the third quarter. Farther Finance Advisors LLC now owns 16,543 shares of the insurance provider’s stock worth $707,000 after buying an additional 7,055 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in Truist Financial during the third quarter worth about $224,000. Asset Management One Co. Ltd. increased its position in Truist Financial by 4.3% during the third quarter. Asset Management One Co. Ltd. now owns 509,439 shares of the insurance provider’s stock worth $21,789,000 after purchasing an additional 20,862 shares during the last quarter. PDS Planning Inc acquired a new stake in Truist Financial during the third quarter worth about $238,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Truist Financial during the third quarter worth about $165,000. 71.28% of the stock is owned by hedge funds and other institutional investors.

Truist Financial Stock Down 1.5 %

Shares of NYSE:TFC opened at $43.11 on Thursday. The company has a market capitalization of $56.27 billion, a PE ratio of 12.94, a P/E/G ratio of 1.63 and a beta of 1.08. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61. Truist Financial Co. has a twelve month low of $34.51 and a twelve month high of $49.06. The firm has a 50 day simple moving average of $45.79 and a 200-day simple moving average of $44.67.

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

Truist Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a $0.52 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.08 annualized dividend and a yield of 4.83%. Truist Financial’s dividend payout ratio is currently 62.46%.

Analysts Set New Price Targets

TFC has been the subject of a number of recent analyst reports. Robert W. Baird upgraded 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 research report on Wednesday. Hsbc Global Res upgraded shares of Truist Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Stephens lifted their price target on shares of Truist Financial from $54.00 to $57.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Piper Sandler lifted their price objective on shares of Truist Financial from $46.00 to $51.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Finally, HSBC upgraded shares of Truist Financial from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Tuesday, January 7th. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $51.16.

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.