VSM Wealth Advisory LLC Acquires Shares of 4,930 Truist Financial Co. (NYSE:TFC)

VSM Wealth Advisory LLC acquired a new stake in shares of Truist Financial Co. (NYSE:TFC) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 4,930 shares of the insurance provider’s stock, valued at approximately $214,000.

Several other large investors have also bought and sold shares of TFC. Bangor Savings Bank boosted its position in 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 in the last quarter. Hopwood Financial Services Inc. bought a new stake in Truist Financial during the 4th quarter valued at approximately $26,000. MidAtlantic Capital Management Inc. bought a new stake in Truist Financial during the 3rd quarter valued at approximately $32,000. Curio Wealth LLC bought a new stake in Truist Financial during the 4th quarter valued at approximately $45,000. Finally, True Wealth Design LLC bought a new stake in Truist Financial during the 3rd quarter valued at approximately $51,000. 71.28% of the stock is owned by institutional investors.

Truist Financial Price Performance

Shares of TFC opened at $40.84 on Wednesday. The firm has a market cap of $53.32 billion, a PE ratio of 12.27, 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. The firm has a fifty day simple moving average of $45.26 and a two-hundred day simple moving average of $44.52. Truist Financial Co. has a 1-year low of $35.06 and a 1-year high of $49.06.

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

Truist Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.52 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.08 annualized dividend and a dividend yield of 5.09%. Truist Financial’s dividend payout ratio (DPR) is 62.46%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Robert W. Baird raised Truist Financial from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $48.00 to $52.00 in a research report on Wednesday, March 5th. HSBC raised Truist Financial from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Tuesday, January 7th. Citigroup boosted their price target on Truist Financial from $47.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. Stephens boosted their price target on Truist Financial from $54.00 to $57.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Finally, Compass Point boosted their price target on Truist Financial from $47.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Nine analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Truist Financial has an average rating of “Moderate Buy” and a consensus target price of $51.16.

Truist Financial 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.