Eisler Capital Management Ltd. Sells 18,751 Shares of Truist Financial Corporation $TFC

Eisler Capital Management Ltd. trimmed its stake in shares of Truist Financial Corporation (NYSE:TFC) by 4.3% during the second quarter, Holdings Channel.com reports. The firm owned 418,749 shares of the insurance provider’s stock after selling 18,751 shares during the period. Truist Financial accounts for approximately 0.1% of Eisler Capital Management Ltd.’s holdings, making the stock its 24th largest position. Eisler Capital Management Ltd.’s holdings in Truist Financial were worth $17,998,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its position in Truist Financial by 148.5% in the 4th quarter. Brighton Jones LLC now owns 23,581 shares of the insurance provider’s stock worth $1,023,000 after purchasing an additional 14,093 shares during the last quarter. Brookwood Investment Group LLC bought a new position in Truist Financial in the 1st quarter valued at $322,000. Avantax Advisory Services Inc. increased its stake in shares of Truist Financial by 4.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 164,921 shares of the insurance provider’s stock valued at $6,786,000 after buying an additional 6,511 shares during the period. Cetera Investment Advisers raised its position in shares of Truist Financial by 11.1% during the first quarter. Cetera Investment Advisers now owns 527,270 shares of the insurance provider’s stock worth $21,697,000 after acquiring an additional 52,651 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in shares of Truist Financial by 24.9% during the first quarter. Assetmark Inc. now owns 114,733 shares of the insurance provider’s stock valued at $4,721,000 after acquiring an additional 22,900 shares during the period. 71.28% of the stock is owned by institutional investors.

Truist Financial Price Performance

Shares of TFC stock opened at $45.46 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. Truist Financial Corporation has a 12-month low of $33.56 and a 12-month high of $49.06. The firm has a fifty day moving average of $44.58 and a 200-day moving average of $43.56. The firm has a market capitalization of $58.15 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 1.20 and a beta of 0.92.

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

Truist Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, November 14th. Truist Financial’s payout ratio is 55.91%.

Analyst Ratings Changes

A number of analysts recently commented on TFC shares. Keefe, Bruyette & Woods lifted their price objective on Truist Financial from $48.00 to $49.00 and gave the stock a “market perform” rating in a research report on Monday, October 20th. Wall Street Zen cut shares of Truist Financial from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Raymond James Financial restated an “outperform” rating on shares of Truist Financial in a report on Tuesday, October 7th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $47.00 target price on shares of Truist Financial in a report on Thursday, August 21st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Truist Financial in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $50.59.

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.