Shepherd Financial Partners LLC Has $434,000 Stock Holdings in Truist Financial Co. (NYSE:TFC)

Shepherd Financial Partners LLC increased its position in shares of Truist Financial Co. (NYSE:TFC) by 8.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,156 shares of the insurance provider’s stock after acquiring an additional 763 shares during the period. Shepherd Financial Partners LLC’s holdings in Truist Financial were worth $434,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Norden Group LLC acquired a new stake in Truist Financial in the first quarter valued at approximately $2,351,000. Nordea Investment Management AB boosted its position in Truist Financial by 44.4% in the first quarter. Nordea Investment Management AB now owns 2,712,848 shares of the insurance provider’s stock valued at $105,353,000 after buying an additional 834,048 shares in the last quarter. CreativeOne Wealth LLC acquired a new stake in Truist Financial in the first quarter valued at approximately $516,000. M&G Plc acquired a new stake in Truist Financial in the second quarter valued at approximately $2,804,000. Finally, Dimensional Fund Advisors LP boosted its position in Truist Financial by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 8,932,261 shares of the insurance provider’s stock valued at $346,957,000 after buying an additional 299,196 shares in the last quarter. Institutional investors and hedge funds own 71.28% of the company’s stock.

Truist Financial Price Performance

TFC opened at $42.82 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. Truist Financial Co. has a twelve month low of $28.84 and a twelve month high of $45.31. The company’s 50-day moving average price is $42.84 and its two-hundred day moving average price is $40.65.

Truist Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 8th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend is Friday, November 8th. Truist Financial’s dividend payout ratio (DPR) is currently -145.45%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TFC shares. Robert W. Baird lowered shares of Truist Financial from an “outperform” rating to a “neutral” rating and set a $45.00 price target on the stock. in a report on Wednesday, July 17th. JPMorgan Chase & Co. lifted their price target on shares of Truist Financial from $43.50 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. The Goldman Sachs Group lowered their target price on shares of Truist Financial from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Bank of America lifted their target price on shares of Truist Financial from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Finally, Argus lifted their target price on shares of Truist Financial from $44.00 to $51.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Truist Financial presently has an average rating of “Hold” and an average target price of $46.02.

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.