During the recent session, Truist Financial Corporation (NYSE:TFC)’s traded shares were 2.52 million, with the beta value of the company hitting 1.04. At the last check today, the stock’s price was $43.40, reflecting an intraday gain of 2.14% or $0.91. The 52-week high for the TFC share is $45.31, that puts it down -4.4 from that peak though still a striking 37.9% gain since the share price plummeted to a 52-week low of $26.95. The company’s market capitalization is $58.12B, and the average intraday trading volume over the past 10 days was 5.9 million shares, and the average trade volume was 7.51 million shares over the past three months.
Truist Financial Corporation (TFC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.17. TFC has a Sell rating from 1 analyst(s) out of 12 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 8 recommend a Buy rating for it.
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Truist Financial Corporation (NYSE:TFC) trade information
Truist Financial Corporation (TFC) registered a 2.14% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.14% in intraday trading to $43.40, hitting a weekly high. The stock’s 5-day price performance is 2.38%, and it has moved by 4.25% in 30 days. Based on these gigs, the overall price performance for the year is 46.57%. The short interest in Truist Financial Corporation (NYSE:TFC) is 13.3 million shares and it means that shorts have 1.73 day(s) to cover.
The consensus price target of analysts on Wall Street is $50.5, which implies an increase of 14.06% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $43 and $76 respectively. As a result, TFC is trading at a discount of -75.12% off the target high and 0.92% off the low.
Truist Financial Corporation (TFC) estimates and forecasts
Statistics show that Truist Financial Corporation has outperformed its competitors in share price, compared to the industry in which it operates. Truist Financial Corporation (TFC) shares have gone up 18.03% during the last six months, with a year-to-date growth rate more than the industry average at -1.11% against -3.70.
While earnings are projected to return 401.96% in 2024, the next five years will return 5.57% per annum.
TFC Dividends
Truist Financial Corporation is due to release its next quarterly earnings on 2024-Oct-17. 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 2.08, with the dividend yield indicating at 4.79 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 4.49%.
Truist Financial Corporation (NYSE:TFC)’s Major holders
Truist Financial Corporation insiders own 0.28% of total outstanding shares while institutional holders control 75.84%, with the float percentage being 76.05%. VANGUARD GROUP INC is the largest shareholder of the company, while 1791.0 institutions own stock in it. As of 2024-06-30, the company held over 117.75 million shares (or 8.8199% of all shares), a total value of $4.57 billion in shares.
The next largest institutional holding, with 99.01 million shares, is of BLACKROCK INC.’s that is approximately 7.416% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.85 billion.
