Blue Trust Inc. lifted its position in Truist Financial Co. (NYSE:TFC – Free Report) by 47.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,908 shares of the insurance provider’s stock after purchasing an additional 16,284 shares during the quarter. Blue Trust Inc.’s holdings in Truist Financial were worth $2,177,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the business. Bangor Savings Bank raised its stake in shares of Truist Financial by 92.5% during the 4th quarter. Bangor Savings Bank now owns 566 shares of the insurance provider’s stock valued at $25,000 after buying an additional 272 shares during the last quarter. Valley Wealth Managers Inc. acquired a new stake in Truist Financial during the third quarter valued at $26,000. MidAtlantic Capital Management Inc. acquired a new stake in Truist Financial during the third quarter valued at $32,000. Fortitude Family Office LLC raised its position in shares of Truist Financial by 376.7% in the third quarter. Fortitude Family Office LLC now owns 858 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 678 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Truist Financial in the 3rd quarter valued at about $45,000. 71.28% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, CEO William H. Rogers, Jr. bought 34,180 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average price of $48.56 per share, for a total transaction of $1,659,780.80. Following the completion of the purchase, the chief executive officer now owns 691,451 shares in the company, valued at approximately $33,576,860.56. This trade represents a 5.20 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director K. David Jr. Boyer sold 4,966 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $46.20, for a total value of $229,429.20. Following the completion of the sale, the director now owns 11,246 shares in the company, valued at approximately $519,565.20. This represents a 30.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on Truist Financial
Truist Financial Stock Performance
Shares of TFC stock opened at $47.59 on Tuesday. Truist Financial Co. has a 52 week low of $34.23 and a 52 week high of $49.06. The firm has a 50 day moving average of $45.48 and a two-hundred day moving average of $43.90. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $63.18 billion, a PE ratio of 14.29, a P/E/G ratio of 1.67 and a beta of 1.08.
Truist Financial (NYSE:TFC – Get Free Report) last released its earnings results on Friday, January 17th. The insurance provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.88 by $0.03. The firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $5,047,370 billion. Truist Financial had a return on equity of 9.32% and a net margin of 15.59%. Truist Financial’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.81 EPS. On average, research analysts predict that Truist Financial Co. will post 3.95 EPS for the current fiscal year.
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.
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