Culbertson A N & Co. Inc. Has $2.16 Million Stock Holdings in Truist Financial Co. (NYSE:TFC)

Culbertson A N & Co. Inc. lifted its holdings in shares of Truist Financial Co. (NYSE:TFC) by 5.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,703 shares of the insurance provider’s stock after purchasing an additional 2,781 shares during the quarter. Culbertson A N & Co. Inc.’s holdings in Truist Financial were worth $2,156,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Koshinski Asset Management Inc. boosted its holdings in Truist Financial by 2.1% in the fourth quarter. Koshinski Asset Management Inc. now owns 10,825 shares of the insurance provider’s stock worth $470,000 after purchasing an additional 225 shares in the last quarter. LaFleur & Godfrey LLC lifted its position in shares of Truist Financial by 4.5% in the fourth quarter. LaFleur & Godfrey LLC now owns 108,168 shares of the insurance provider’s stock worth $4,692,000 after buying an additional 4,670 shares during the last quarter. Union Savings Bank boosted its stake in shares of Truist Financial by 102.7% during the 4th quarter. Union Savings Bank now owns 1,429 shares of the insurance provider’s stock worth $62,000 after acquiring an additional 724 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Truist Financial by 796.1% during the 4th quarter. UMB Bank n.a. now owns 171,272 shares of the insurance provider’s stock valued at $7,430,000 after acquiring an additional 152,160 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new position in shares of Truist Financial in the 4th quarter valued at approximately $374,000. Institutional investors own 71.28% of the company’s stock.

Truist Financial Stock Performance

NYSE TFC opened at $47.63 on Tuesday. The stock has a market cap of $63.23 billion, a P/E ratio of 14.30, a PEG ratio of 1.86 and a beta of 1.08. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61. Truist Financial Co. has a twelve month low of $34.23 and a twelve month high of $49.06. The company’s 50-day simple moving average is $45.40 and its 200 day simple moving average is $43.60.

Truist Financial (NYSE:TFC) last released its quarterly earnings data on Friday, January 17th. The insurance provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.03. The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $5,047,370 billion. Truist Financial had a return on equity of 9.32% and a net margin of 15.59%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.81 EPS. As a group, research analysts forecast that Truist Financial Co. will post 3.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Truist Financial

In related news, Director K. David Jr. Boyer sold 4,966 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $46.20, for a total transaction of $229,429.20. Following the sale, the director now directly owns 11,246 shares in the company, valued at $519,565.20. This represents a 30.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William H. Rogers, Jr. acquired 34,180 shares of Truist Financial stock in a transaction on Monday, November 25th. The stock was acquired at an average cost of $48.56 per share, for a total transaction of $1,659,780.80. Following the purchase, the chief executive officer now owns 691,451 shares of the company’s stock, valued at approximately $33,576,860.56. This represents a 5.20 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Piper Sandler increased their price target on Truist Financial from $46.00 to $51.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Compass Point raised their target price on shares of Truist Financial from $47.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Wells Fargo & Company boosted their target price on shares of Truist Financial from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Stephens reaffirmed an “overweight” rating and issued a $54.00 price target on shares of Truist Financial in a research report on Thursday, January 2nd. Finally, Raymond James boosted their price objective on Truist Financial from $47.00 to $51.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $49.95.

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.