Radnor Capital Management LLC Invests $216,000 in Truist Financial Co. (NYSE:TFC)

Radnor Capital Management LLC purchased a new position in shares of Truist Financial Co. (NYSE:TFC) during the third quarter, Holdings Channel.com reports. The fund purchased 5,045 shares of the insurance provider’s stock, valued at approximately $216,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital International Investors grew its holdings in Truist Financial by 93.7% in the 1st quarter. Capital International Investors now owns 11,643,242 shares of the insurance provider’s stock worth $453,854,000 after buying an additional 5,632,493 shares in the last quarter. Legal & General Group Plc grew its holdings in Truist Financial by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 10,338,802 shares of the insurance provider’s stock worth $401,663,000 after buying an additional 103,565 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Truist Financial by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,932,261 shares of the insurance provider’s stock worth $346,957,000 after buying an additional 299,196 shares in the last quarter. Truist Financial Corp grew its holdings in Truist Financial by 6.7% in the 2nd quarter. Truist Financial Corp now owns 4,931,783 shares of the insurance provider’s stock worth $191,600,000 after buying an additional 311,523 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Truist Financial by 1.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,489,411 shares of the insurance provider’s stock worth $136,018,000 after buying an additional 58,349 shares in the last quarter. 71.28% of the stock is currently owned by institutional investors and hedge funds.

Truist Financial Trading Down 1.7 %

Truist Financial stock opened at $46.20 on Friday. 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 company has a market capitalization of $61.33 billion, a price-to-earnings ratio of -32.31, a PEG ratio of 1.73 and a beta of 1.05. Truist Financial Co. has a one year low of $28.93 and a one year high of $47.03. The company’s fifty day moving average price is $42.82 and its two-hundred day moving average price is $40.85.

Truist Financial Announces Dividend

The firm 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 dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend is Friday, November 8th. Truist Financial’s payout ratio is -145.45%.

Wall Street Analysts Forecast Growth

TFC has been the subject of a number of research reports. Compass Point increased their price target on Truist Financial from $46.00 to $47.00 in a research note on Wednesday, October 16th. Wolfe Research raised Truist Financial from an “underperform” rating to a “peer perform” rating in a research note on Friday, August 9th. The Goldman Sachs Group decreased their price target on Truist Financial from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Barclays increased their price target on Truist Financial from $43.00 to $47.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Finally, Citigroup lowered Truist Financial from a “buy” rating to a “neutral” rating and increased their price target for the company from $45.00 to $47.00 in a research note on Wednesday, July 24th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $46.02.

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.