National Bank of Canada FI Has $35.73 Million Stock Position in Truist Financial Co. (NYSE:TFC)

National Bank of Canada FI grew its stake in Truist Financial Co. (NYSE:TFC) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 823,632 shares of the insurance provider’s stock after buying an additional 1,927 shares during the quarter. National Bank of Canada FI owned 0.06% of Truist Financial worth $35,729,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new position in Truist Financial in the 4th quarter worth $402,828,000. Raymond James Financial Inc. acquired a new position in shares of Truist Financial during the fourth quarter worth about $198,051,000. State Street Corp grew its holdings in shares of Truist Financial by 4.6% during the third quarter. State Street Corp now owns 61,864,957 shares of the insurance provider’s stock worth $2,645,964,000 after buying an additional 2,720,223 shares in the last quarter. Amundi raised its position in Truist Financial by 6.5% in the 4th quarter. Amundi now owns 23,683,345 shares of the insurance provider’s stock valued at $1,040,718,000 after buying an additional 1,450,323 shares during the last quarter. Finally, KBC Group NV lifted its stake in Truist Financial by 96.9% in the 4th quarter. KBC Group NV now owns 2,031,893 shares of the insurance provider’s stock valued at $88,144,000 after acquiring an additional 999,763 shares in the last quarter. Institutional investors own 71.28% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Compass Point lifted their price objective on shares of Truist Financial from $47.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. StockNews.com raised shares of Truist Financial from a “sell” rating to a “hold” rating in a research report on Friday, January 17th. Wells Fargo & Company decreased their price objective on Truist Financial from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, March 28th. Raymond James lowered Truist Financial from an “outperform” rating to a “market perform” rating in a report on Wednesday. Finally, Hsbc Global Res raised Truist Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.68.

Truist Financial Trading Up 1.4 %

Shares of NYSE:TFC opened at $41.60 on Thursday. Truist Financial Co. has a 12-month low of $35.09 and a 12-month high of $49.06. The business has a 50 day moving average of $44.41 and a 200-day moving average of $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. The stock has a market cap of $54.30 billion, a PE ratio of 12.49, a P/E/G ratio of 1.63 and a beta of 1.08.

Truist Financial (NYSE:TFC) last released its quarterly earnings results 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. Truist Financial had a return on equity of 9.32% and a net margin of 15.59%. The business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $5.05 billion. During the same period in the previous year, the company posted $0.81 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, equities research analysts forecast that Truist Financial Co. will post 4 earnings per share for the current year.

Truist Financial Announces Dividend

The firm 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. This represents a $2.08 annualized dividend and a yield of 5.00%. The ex-dividend date was Friday, February 14th. Truist Financial’s dividend payout ratio (DPR) is 62.46%.

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.