ForthRight Wealth Management LLC Has $338,000 Position in Truist Financial Co. (NYSE:TFC)

ForthRight Wealth Management LLC lessened its position in Truist Financial Co. (NYSE:TFC) by 17.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,802 shares of the insurance provider’s stock after selling 1,658 shares during the period. ForthRight Wealth Management LLC’s holdings in Truist Financial were worth $338,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in TFC. Global Trust Asset Management LLC boosted its position in Truist Financial by 1,360.4% in the fourth quarter. Global Trust Asset Management LLC now owns 3,651 shares of the insurance provider’s stock valued at $158,000 after buying an additional 3,401 shares in the last quarter. Dakota Wealth Management raised its stake in shares of Truist Financial by 0.9% in the fourth quarter. Dakota Wealth Management now owns 151,371 shares of the insurance provider’s stock valued at $6,566,000 after acquiring an additional 1,378 shares during the last quarter. Eads & Heald Wealth Management boosted its holdings in shares of Truist Financial by 28.0% in the 4th quarter. Eads & Heald Wealth Management now owns 17,939 shares of the insurance provider’s stock worth $778,000 after acquiring an additional 3,925 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Truist Financial by 0.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 436,867 shares of the insurance provider’s stock worth $18,951,000 after acquiring an additional 1,423 shares during the last quarter. Finally, Genesis Private Wealth LLC bought a new stake in Truist Financial during the 4th quarter worth approximately $228,000. Institutional investors own 71.28% of the company’s stock.

Insider Transactions at Truist Financial

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

Truist Financial Stock Up 0.5 %

NYSE:TFC opened at $47.90 on Wednesday. Truist Financial Co. has a 1 year low of $34.23 and a 1 year high of $49.06. The stock has a 50-day moving average price of $45.45 and a two-hundred day moving average price of $43.73. The stock has a market cap of $63.58 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 1.84 and a beta of 1.08. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61.

Truist Financial (NYSE:TFC) last issued its quarterly earnings data on Friday, January 17th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.03. Truist Financial had a return on equity of 9.32% and a net margin of 15.59%. The business had revenue of $5.11 billion during the quarter, compared to analyst estimates of $5,047,370 billion. During the same period in the previous year, the firm earned $0.81 EPS. Truist Financial’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities analysts expect that Truist Financial Co. will post 3.9 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on TFC shares. Wells Fargo & Company boosted their price objective on Truist Financial from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Morgan Stanley increased their price objective on shares of Truist Financial from $55.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday. Compass Point raised their price objective on shares of Truist Financial from $47.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group upped their target price on shares of Truist Financial from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Hsbc Global Res raised Truist Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $50.79.

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.