In the last trading session, 4.58 million Truist Financial Corporation (NYSE:TFC) shares changed hands as the company’s beta touched 1.34. With the company’s per share price at $54.36 changed hands at -$0.14 or -0.26% during last session, the market valuation stood at $75.21B. TFC’s last price was a discount, traded about -15.32% off its 52-week high of $62.69. The share price had its 52-week low at $33.47, which suggests the last value was 38.43% up since then. When we look at Truist Financial Corporation’s average trading volume, we note the 10-day average is 7.47 million shares, with the 3-month average coming to 5.81 million.
Analysts gave the Truist Financial Corporation (TFC) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.30. If we narrow down to specifics, the data shows that 0 out of 22 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 10 recommended TFC as a Hold, 11 felt it is a Buy and 0 rated the stock as Underweight. Truist Financial Corporation’s EPS for the current quarter is expected to be $1.17.
Truist Financial Corporation (NYSE:TFC) trade information
Instantly TFC was in red as seen at the end of in last trading. With action -4.98%, the performance over the past five days has been red. The drop to weekly highs of 58.32 on Tuesday, 06/22/21 subtracted -0.26% to the stock’s daily price. The company’s shares are showing year-to-date upside of 13.42%, with the 5-day performance at -4.98% in the red. However, in the 30-day time frame, Truist Financial Corporation (NYSE:TFC) is -10.71% down. Looking at the short shares, we see there were 10.27 million shares sold at short interest cover period of 1.72 days.
The consensus price target for the stock as assigned by Wall Street analysts is $65.07, meaning bulls need an upside of 16.46% from its current market value. According to analyst projections, TFC’s forecast low is $55.00 with $76.00 as the target high. To hit the forecast high, the stock’s price needs a -39.81% plunge from its current level, while the stock would need to soar -1.18% for it to hit the projected low.
Truist Financial Corporation (TFC) estimates and forecasts
Data shows that the Truist Financial Corporation share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 18.43% over the past 6 months, a 23.16% in annual growth rate that is considerably lower than the industry average of 38.40%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Truist Financial Corporation will rise 42.70%, while the growth in revenue is estimated to hit 14.40% for the next quarter. Year-over-year growth is forecast to reach -4.20% down from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of $5.48 billion. 9 analysts are of the opinion that Truist Financial Corporation’s revenue for the quarter ending Sep 2021 will be $5.41 billion.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 3.80%. The 2021 estimates are for Truist Financial Corporation earnings to decrease by -17.10%, but the outlook for the next 5-year period is at 8.90% per year.
Truist Financial Corporation is expected to release its next quarterly earnings report in July. The 3.31% annual yield figure for the share gives it an annual dividend of 1.80. It is important to note, however, that the 3.31% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 3.09 per year.
Truist Financial Corporation (NYSE:TFC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.28% of Truist Financial Corporation shares while 73.92% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 74.13%. There are 73.92% institutions holding the Truist Financial Corporation stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Dec 30, 2020, the company held 7.88% of the shares, roughly 105.92 million TFC shares worth $5.08 billion.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 6.64% or 89.29 million shares worth $4.28 billion as of Dec 30, 2020.
Among Mutual Funds, the top two as of Dec 30, 2020 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 38.03 million shares estimated at $1.82 billion under it, the former controlled 2.83% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.01% of the shares, roughly 27.01 million shares worth around $1.29 billion.