Stephens Inc. AR Has $5.63 Million Stock Holdings in Truist Financial Corporation $TFC

Stephens Inc. AR decreased its holdings in shares of Truist Financial Corporation (NYSE:TFC) by 0.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,913 shares of the insurance provider’s stock after selling 799 shares during the quarter. Stephens Inc. AR’s holdings in Truist Financial were worth $5,628,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Signature Estate & Investment Advisors LLC lifted its holdings in Truist Financial by 11.4% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 17,818 shares of the insurance provider’s stock valued at $766,000 after purchasing an additional 1,819 shares during the last quarter. Aspiriant LLC lifted its holdings in Truist Financial by 23.0% during the 2nd quarter. Aspiriant LLC now owns 11,637 shares of the insurance provider’s stock valued at $500,000 after purchasing an additional 2,177 shares during the last quarter. Koshinski Asset Management Inc. lifted its holdings in shares of Truist Financial by 11.4% during the second quarter. Koshinski Asset Management Inc. now owns 13,504 shares of the insurance provider’s stock worth $581,000 after buying an additional 1,382 shares in the last quarter. Huntleigh Advisors Inc. lifted its holdings in shares of Truist Financial by 15.4% during the second quarter. Huntleigh Advisors Inc. now owns 26,744 shares of the insurance provider’s stock worth $1,150,000 after buying an additional 3,561 shares in the last quarter. Finally, AssuredPartners Investment Advisors LLC lifted its holdings in shares of Truist Financial by 3.1% during the second quarter. AssuredPartners Investment Advisors LLC now owns 31,574 shares of the insurance provider’s stock worth $1,357,000 after buying an additional 948 shares in the last quarter. Institutional investors and hedge funds own 71.28% of the company’s stock.

Truist Financial Stock Up 0.9%

Shares of NYSE TFC opened at $43.83 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.86 and a current ratio of 0.86. Truist Financial Corporation has a 52 week low of $33.56 and a 52 week high of $49.06. The stock has a market capitalization of $56.52 billion, a P/E ratio of 11.78, a PEG ratio of 1.20 and a beta of 0.88. The stock’s fifty day moving average is $45.12 and its 200 day moving average is $42.33.

Truist Financial (NYSE:TFC) last issued its quarterly earnings results on Friday, October 17th. The insurance provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.05. Truist Financial had a return on equity of 8.73% and a net margin of 16.84%.The company had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.20 billion. During the same quarter last year, the business earned $0.97 earnings per share. Truist Financial’s revenue was up 1.9% on a year-over-year basis. Truist Financial has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts forecast that Truist Financial Corporation will post 4 earnings per share for the current fiscal year.

Truist Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 8th were given a $0.52 dividend. The ex-dividend date was Friday, August 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.7%. Truist Financial’s dividend payout ratio (DPR) is presently 55.91%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Raymond James Financial reissued an “outperform” rating on shares of Truist Financial in a report on Tuesday, October 7th. Evercore ISI lifted their target price on Truist Financial from $48.00 to $50.00 and gave the stock an “in-line” rating in a report on Tuesday, September 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Truist Financial in a report on Wednesday, October 8th. Morgan Stanley lifted their target price on Truist Financial from $54.00 to $55.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Citigroup raised Truist Financial from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $44.00 to $55.00 in a report on Thursday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $50.59.

About Truist Financial

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.