American Capital Advisory LLC Grows Position in Truist Financial Co. (NYSE:TFC)

American Capital Advisory LLC grew its stake in Truist Financial Co. (NYSE:TFC) by 21.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,876 shares of the insurance provider’s stock after acquiring an additional 850 shares during the quarter. American Capital Advisory LLC’s holdings in Truist Financial were worth $209,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. CreativeOne Wealth LLC acquired a new stake in shares of Truist Financial during the 1st quarter worth about $516,000. M&G Plc purchased a new position in shares of Truist Financial during the second quarter valued at approximately $2,804,000. Dimensional Fund Advisors LP boosted its position in Truist Financial by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 8,932,261 shares of the insurance provider’s stock worth $346,957,000 after acquiring an additional 299,196 shares during the last quarter. Boston Common Asset Management LLC grew its stake in Truist Financial by 66.4% in the 3rd quarter. Boston Common Asset Management LLC now owns 154,523 shares of the insurance provider’s stock worth $6,609,000 after acquiring an additional 61,683 shares during the period. Finally, Empowered Funds LLC raised its holdings in Truist Financial by 6.7% in the 1st quarter. Empowered Funds LLC now owns 71,319 shares of the insurance provider’s stock valued at $2,780,000 after acquiring an additional 4,456 shares during the last quarter. Institutional investors and hedge funds own 71.28% of the company’s stock.

Wall Street Analysts Forecast Growth

TFC has been the topic of several analyst reports. Barclays raised their price objective on Truist Financial from $43.00 to $47.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Wolfe Research raised Truist Financial from an “underperform” rating to a “peer perform” rating in a research note on Friday, August 9th. StockNews.com raised shares of Truist Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Citigroup lowered shares of Truist Financial from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $45.00 to $47.00 in a report on Wednesday, July 24th. Finally, UBS Group boosted their target price on shares of Truist Financial from $47.00 to $49.00 and gave the company a “buy” rating in a report on Friday, October 18th. Twelve analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Truist Financial presently has an average rating of “Hold” and an average target price of $46.02.

Truist Financial Trading Up 7.1 %

Shares of Truist Financial stock traded up $3.00 during trading on Wednesday, reaching $45.32. The company had a trading volume of 7,057,261 shares, compared to its average volume of 8,192,623. Truist Financial Co. has a fifty-two week low of $28.93 and a fifty-two week high of $45.55. The firm’s fifty day moving average is $42.76 and its 200-day moving average is $40.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85.

Truist Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 8th will be issued a $0.52 dividend. The ex-dividend date is Friday, November 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.59%. Truist Financial’s dividend payout ratio (DPR) is -145.45%.

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.