Exencial Wealth Advisors LLC Purchases 757 Shares of Truist Financial Co. (NYSE:TFC)

Exencial Wealth Advisors LLC lifted its position in shares of Truist Financial Co. (NYSE:TFC) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,790 shares of the insurance provider’s stock after purchasing an additional 757 shares during the period. Exencial Wealth Advisors LLC’s holdings in Truist Financial were worth $555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in TFC. Bangor Savings Bank grew its position in Truist Financial by 92.5% during the fourth quarter. Bangor Savings Bank now owns 566 shares of the insurance provider’s stock worth $25,000 after buying an additional 272 shares in the last quarter. Valley Wealth Managers Inc. acquired a new stake in Truist Financial during the third quarter worth approximately $26,000. MidAtlantic Capital Management Inc. acquired a new stake in Truist Financial during the third quarter worth approximately $32,000. Ashton Thomas Securities LLC acquired a new stake in Truist Financial during the third quarter worth approximately $45,000. Finally, True Wealth Design LLC acquired a new stake in Truist Financial during the third quarter worth approximately $51,000. Institutional investors own 71.28% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on TFC. StockNews.com raised Truist Financial from a “sell” rating to a “hold” rating in a research report on Friday, January 17th. Compass Point increased 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. Piper Sandler raised their target price on Truist Financial from $46.00 to $51.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Morgan Stanley raised their target price on Truist Financial from $55.00 to $56.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods raised their target price on Truist Financial from $55.00 to $57.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. Ten research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $51.16.

Truist Financial Stock Down 1.5 %

Shares of TFC opened at $43.11 on Thursday. Truist Financial Co. has a 52 week low of $34.51 and a 52 week high of $49.06. The stock has a market capitalization of $56.27 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 1.63 and a beta of 1.08. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a fifty day moving average of $45.79 and a 200-day moving average of $44.67.

Truist Financial (NYSE:TFC) last announced its earnings results on Friday, January 17th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 9.32% and a net margin of 15.59%. Truist Financial’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the company earned $0.81 EPS. As a group, sell-side analysts anticipate that Truist Financial Co. will post 4 earnings per share for the current fiscal year.

Truist Financial Dividend Announcement

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

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.