During the recent session, Truist Financial Corporation (NYSE:TFC)’s traded shares were 1,975,572, with the beta value of the company hitting 1.35. At the last check, the stock’s price was $59.27, reflecting an intraday loss of -0.27% or -$0.16. The 52-week high for the TFC share is $61.26, that puts it down -3.36% from that peak though still a striking +50.67% gain since the share price plummeted to a 52-week low of $29.24. The company’s market capitalization is $79.52 Billion, and the average intraday trading volume over the past 10 days was 5.41 Million shares, and the average trade volume was 6.15 Million shares over the past three months.
Truist Financial Corporation (TFC) received a consensus recommendation of Overweight from analysts. That translates to a mean rating of 2.3. TFC has a Sell rating from none of the analyst(s) out of 24 analysts who have looked at this stock. 12 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 11 recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $1.08.
Truist Financial Corporation (NYSE:TFC): Trading Information
Truist Financial Corporation (TFC) registered a -0.27% downside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.61% in intraday trading to $60.13 this Monday, Apr 05, hitting a weekly high. The stock’s 5-day price performance is 1.44%, and it has moved by -0.92% in 30 days. Based on these gigs, the overall price performance for the year is 23.43%. The short interest in Truist Financial Corporation (NYSE:TFC) is 12.19 Million shares and it means that shorts have 1.98 day(s) to cover.
The consensus price target of analysts on Wall Street is $62.6, which implies an increase of 5.62% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $55 and $74 respectively. As a result, TFC is trading at a discount of 24.85% off the target high and -7.2% off the low.
Truist Financial Corporation (TFC) projections and forecasts
Statistics show that Truist Financial Corporation has underperformed its competitors in share price, compared to the industry in which it operates. Truist Financial Corporation (TFC) shares have gone up +44.11% during the last six months, with a year-to-date growth rate less than the industry average at 16.32% against 34.7%. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 30.1% this quarter and then jump 36.6% in the quarter after that. In the rating firms’ projections, revenue will decline -4% compared to the previous financial year.
Revenue for the current quarter is expected to be $5.48 Billion as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to $5.51 Billion by the end of June 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarter totaled $5.65 Billion. In this case, analysts expect current quarter sales to lessen by -3%.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 3.8%. While earnings are projected to return -17.1% in 2021, the next five years will return -9.1% per annum.
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TFC Dividend Yield
Truist Financial Corporation is due to release its next quarterly earnings on April 15, 2021. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Truist Financial Corporation is 1.8, with the dividend yield indicating at 3.04 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 3.09%.
Truist Financial Corporation (NYSE:TFC)’s Biggest Investors
Truist Financial Corporation insiders own 0.28% of total outstanding shares while institutional holders control 73.81%, with the float percentage being 74.02%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 1607 institutions own stock in it. As of Dec 30, 2020, the company held over 105.92 Million shares (or 7.88% of all shares), a total value of $5.08 Billion in shares.
The next largest institutional holding, with 89.29 Million shares, is of Blackrock Inc.’s that is approximately 6.64% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $4.28 Billion.
Also, the Mutual Funds coming in first place with the largest holdings of Truist Financial Corporation (TFC) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Dec 30, 2020 indicates that Vanguard Total Stock Market Index Fund owns about 38,025,608 shares. This amounts to just over 2.83 percent of the company’s overall shares, with a $1.82 Billion market value. The same data shows that the other fund manager holds slightly less at 27.01 Million, or about 2.01% of the stock, which is worth about $1.29 Billion.