Truist Financial Co. (NYSE:TFC) Stock Holdings Trimmed by Valley National Advisers Inc.

Valley National Advisers Inc. decreased its holdings in Truist Financial Co. (NYSE:TFC) by 8.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,117 shares of the insurance provider’s stock after selling 791 shares during the quarter. Valley National Advisers Inc.’s holdings in Truist Financial were worth $389,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of TFC. Crewe Advisors LLC bought a new position in Truist Financial in the 1st quarter valued at about $27,000. MFA Wealth Advisors LLC acquired a new position in shares of Truist Financial during the second quarter valued at approximately $30,000. Y.D. More Investments Ltd acquired a new position in shares of Truist Financial during the second quarter valued at approximately $31,000. Hobbs Group Advisors LLC bought a new stake in Truist Financial during the second quarter worth approximately $38,000. Finally, Beacon Capital Management LLC lifted its position in Truist Financial by 57.4% in the first quarter. Beacon Capital Management LLC now owns 1,015 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 370 shares during the period. 71.28% of the stock is owned by institutional investors and hedge funds.

Truist Financial Price Performance

NYSE TFC opened at $42.63 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $57.04 billion, a price-to-earnings ratio of -32.30, a price-to-earnings-growth ratio of 1.84 and a beta of 1.05. The company has a 50 day simple moving average of $42.79 and a 200-day simple moving average of $40.49. Truist Financial Co. has a 52-week low of $27.38 and a 52-week high of $45.31.

Truist Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 8th will be given a $0.52 dividend. The ex-dividend date is Friday, November 8th. This represents a $2.08 dividend on an annualized basis and a yield of 4.88%. Truist Financial’s payout ratio is -157.58%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TFC. UBS Group boosted their price objective on Truist Financial from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Morgan Stanley upped their price target on shares of Truist Financial from $46.00 to $51.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Keefe, Bruyette & Woods lifted their price objective on shares of Truist Financial from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Baird R W lowered shares of Truist Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Stephens restated an “overweight” rating and issued a $50.00 price target on shares of Truist Financial in a research report on Tuesday, September 10th. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $46.02.

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.