During the last session, Truist Financial Corporation (NYSE:TFC)’s traded shares were 8.11 million, with the beta value of the company hitting 0.82. At the end of the trading day, the stock’s price was $39.34, reflecting an intraday loss of -1.72% or -$0.69. The 52-week high for the TFC share is $49.06, that puts it down -24.71 from that peak though still a striking 14.69% gain since the share price plummeted to a 52-week low of $33.56. The company’s market capitalization is $51.52B, and the average trade volume was 10.44 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 2.29. 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. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.93.
Truist Financial Corporation (NYSE:TFC) trade information
Truist Financial Corporation (TFC) registered a -1.72% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.72% in intraday trading to $39.34, hitting a weekly high. The stock’s 5-day price performance is -3.29%, and it has moved by 2.61% in 30 days. Based on these gigs, the overall price performance for the year is 2.88%.
The consensus price target of analysts on Wall Street is $47.5, which implies an increase of 17.18% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $43 and $52 respectively. As a result, TFC is trading at a discount of -32.18% off the target high and -9.3% off the low.
Truist Financial Corporation (TFC) estimates and forecasts
In the rating firms’ projections, revenue will increase 51.75% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 5.04B as predicted by 10 analyst(s). Meanwhile, a consensus of 10 analyst(s) estimates revenue growth to 5.21B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 5.02B and 5.14B respectively. In this case, analysts expect current quarter sales to grow by 0.49% and then jump by 1.33% in the coming quarter. While earnings are projected to return 15.84% in 2025, the next five years will return 13.53% per annum.
TFC Dividends
Truist Financial Corporation is due to release its next quarterly earnings in June. 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 5.29 percent, continuing the trend of increasing dividends in recent years.
Truist Financial Corporation (NYSE:TFC)’s Major holders
The next largest institutional holding, with 99.01 million shares, is of BLACKROCK INC.’s that is approximately 7.3991% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.85 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Truist Financial Corporation (TFC) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund. Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 41.68 shares. This amounts to just over 3.18 percent of the company’s overall shares, with a $1.64 billion market value. The same data shows that the other fund manager holds slightly less at 35.94, or about 2.74% of the stock, which is worth about $1.41 billion.
