In last trading session, Truist Financial Corporation (NYSE:TFC) saw 7.66 million shares changing hands with its beta currently measuring 1.04. Company’s recent per share price level of $43.67 trading at $0.72 or 1.68% at ring of the bell on the day assigns it a market valuation of $58.48B. That closing price of TFC’s stock is at a discount of -3.76% from its 52-week high price of $45.31 and is indicating a premium of 38.29% from its 52-week low price of $26.95. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.46 million shares which gives us an average trading volume of 7.96 million if we extend that period to 3-months.
For Truist Financial Corporation (TFC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.17. Splitting up the data highlights that, out of 12 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 8 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.9 in the current quarter.
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Truist Financial Corporation (NYSE:TFC) trade information
Upright in the green during last session for gaining 1.68%, in the last five days TFC remained trading in the green while hitting it’s week-highest on Wednesday, 10/16/24 when the stock touched $43.67 price level, adding 2.8% to its value on the day. Truist Financial Corporation’s shares saw a change of 18.28% in year-to-date performance and have moved 0.95% in past 5-day. Truist Financial Corporation (NYSE:TFC) showed a performance of 1.72% in past 30-days. Number of shares sold short was 13.3 million shares which calculate 1.73 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 50 to the stock, which implies a rise of 12.66% to its current value. Analysts have been projecting 43 as a low price target for the stock while placing it at a high target of 76. It follows that stock’s current price would jump 1.53% in reaching the projected high whereas dropping to the targeted low would mean a gain of 1.53% for stock’s current value.
Truist Financial Corporation (TFC) estimates and forecasts
Statistics highlight that Truist Financial Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company added 18.67% of value to its shares in past 6 months, showing an annual growth rate of -1.11% while that of industry is -2.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -14.70% from the last financial year’s standing.
12 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 5.07B for the same. And 8 analysts are in estimates of company making revenue of 5.03B in the next quarter. Company posted 5.76B and 4.87B of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 408.34% while estimates for its earnings growth in next 5 years are of 6.59%.
TFC Dividends
Truist Financial Corporation is more likely to be releasing its next quarterly report on 2025-Jan-17 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 4.76%, the share has a forward dividend of 2.08 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 4.49%.
Truist Financial Corporation (NYSE:TFC)’s Major holders
Insiders are in possession of 0.28% of company’s total shares while institution are holding 79.22 percent of that, with stock having share float percentage of 79.44%. Investors also watch the number of corporate investors in a company very closely, which is 79.22% institutions for Truist Financial Corporation that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at TFC for having 117.75 million shares of worth $4.57 billion. And as of 2024-06-30, it was holding 8.8199 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 99.01 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.416 of outstanding shares, having a total worth of $3.85 billion.
