Capital City Trust Co. FL Has $293,000 Position in Truist Financial Co. (NYSE:TFC)

Capital City Trust Co. FL lessened its position in Truist Financial Co. (NYSE:TFC) by 20.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,857 shares of the insurance provider’s stock after selling 1,767 shares during the period. Capital City Trust Co. FL’s holdings in Truist Financial were worth $293,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in TFC. Capital International Investors grew its stake in Truist Financial by 93.7% during the first 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 during the last quarter. Legal & General Group Plc grew its position in Truist Financial by 1.0% during the 2nd quarter. Legal & General Group Plc now owns 10,338,802 shares of the insurance provider’s stock worth $401,663,000 after acquiring an additional 103,565 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Truist Financial by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,932,261 shares of the insurance provider’s stock valued at $346,957,000 after purchasing an additional 299,196 shares in the last quarter. Truist Financial Corp raised its position 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 valued at $191,600,000 after purchasing an additional 311,523 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Truist Financial by 1.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,489,411 shares of the insurance provider’s stock worth $136,018,000 after purchasing an additional 58,349 shares in the last quarter. Institutional investors own 71.28% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Stephens reaffirmed an “overweight” rating and issued a $50.00 price target on shares of Truist Financial in a report on Tuesday, September 10th. Keefe, Bruyette & Woods upped their target price on shares of Truist Financial from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Wells Fargo & Company raised their price target on shares of Truist Financial from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Friday. Morgan Stanley upped their price objective on Truist Financial from $46.00 to $51.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Finally, Citigroup cut Truist Financial from a “buy” rating to a “neutral” rating and lifted their target price for the company from $45.00 to $47.00 in a research note on Wednesday, July 24th. Twelve research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Truist Financial currently has an average rating of “Hold” and a consensus price target of $46.37.

Truist Financial Trading Up 0.6 %

NYSE TFC opened at $46.55 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 stock’s 50-day moving average is $43.18 and its 200-day moving average is $41.27. Truist Financial Co. has a one year low of $31.13 and a one year high of $47.57. The firm has a market cap of $61.80 billion, a P/E ratio of -32.55, a P/E/G ratio of 1.91 and a beta of 1.05.

Truist Financial (NYSE:TFC) last announced its quarterly earnings results on Thursday, October 17th. The insurance provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. Truist Financial had a negative net margin of 4.89% and a positive return on equity of 9.35%. The firm had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.05 billion. Sell-side analysts anticipate that Truist Financial Co. will post 3.7 earnings per share for the current fiscal year.

Truist Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 8th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.47%. The ex-dividend date is Friday, November 8th. Truist Financial’s payout ratio is -145.45%.

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.