Truist Financial Corporation (NYSE:TFC) has a beta value of 1.04 and has seen 10.84 million shares traded in the last trading session. The company, currently valued at $58.37B, closed the last trade at $43.59 per share which meant it gained $0.33 on the day or 0.76% during that session. The TFC stock price is -3.95% off its 52-week high price of $45.31 and 38.17% above the 52-week low of $26.95. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.6 million shares traded. The 3-month trading volume is 7.66 million shares.
The consensus among analysts is that Truist Financial Corporation (TFC) is Buy stock at the moment, with a recommendation rating of 2.17. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 12 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.91.
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Truist Financial Corporation (NYSE:TFC) trade information
Sporting 0.76% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the TFC stock price touched $43.59 or saw a rise of 0.55%. Year-to-date, Truist Financial Corporation shares have moved 18.07%, while the 5-day performance has seen it change 3.79%. Over the past 30 days, the shares of Truist Financial Corporation (NYSE:TFC) have changed 4.18%. Short interest in the company has seen 13.3 million shares shorted with days to cover at 1.73.
Wall Street analysts have a consensus price target for the stock at $50.5, which means that the shares’ value could jump 13.68% from current levels. The projected low price target is $43.0 while the price target rests at a high of $76.0. In that case, then, we find that the current price level is -74.35% off the targeted high while a plunge would see the stock lose 1.35% from current levels.
Truist Financial Corporation (TFC) estimates and forecasts
Figures show that Truist Financial Corporation shares have outperformed across the wider relevant industry. The company’s shares have gained 18.77% over the past 6 months, with this year growth rate of -1.11%, compared to -3.70% for the industry. Revenue growth from the last financial year stood is estimated to be -14.60%.
13 analysts offering their estimates for the company have set an average revenue estimate of 5.09B for the current quarter. 12 have an estimated revenue figure of 5.09B for the next ending quarter. Year-ago sales stood 5.73B and 5.76B respectively for this quarter and the next, and analysts expect sales will shrink by -11.10% for the current quarter and -14.60% for the next.
Earnings growth for 2024 is a modest 401.96% while over the next 5 years, the company’s earnings are expected to increase by 6.59%.
TFC Dividends
Truist Financial Corporation is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 2.08 at a share yield of 4.77%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.49%.
Truist Financial Corporation (NYSE:TFC)’s Major holders
Insiders own 0.28% of the company shares, while shares held by institutions stand at 75.84% with a share float percentage of 76.05%. Investors are also buoyed by the number of investors in a company, with Truist Financial Corporation having a total of 1793.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 117.75 million shares worth more than $4.57 billion. As of 2024-06-30, VANGUARD GROUP INC held 8.8199% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 99.01 million shares as of 2024-06-30. The firm’s total holdings are worth over $3.85 billion and represent 7.416% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund . As of Jun 30, 2024 , the former fund manager holds about 3.16% shares in the company for having 42.31 shares of worth $1.84 billion while later fund manager owns 34.34 shares of worth $1.5 billion as of Jun 30, 2024 , which makes it owner of about 2.56% of company’s outstanding stock.
