Dissecting Truist Financial Corporation (NYSE: TFC) top performing stock: Get the Stats

Truist Financial Corporation (NYSE: TFC) is 5.67% higher on its value in year-to-date trading and has touched a low of $24.01 and a high of $56.53 in the current 52-week trading range. The TFC stock was last observed hovering at around $51.49 in the last trading session, with the day’s loss setting it -0.84% off its average median price target of $54.88 for the next 12 months. It is also 16.97% off the consensus price target high of $61.00 offered by 24 analysts, but current levels are -36.89% lower than the price target low of $37.00 for the same period.

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Currently trading at $50.65, the stock is 6.85% and 8.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.7 million and changing -1.63% at the moment leaves the stock 27.65% off its SMA200. TFC registered -9.84% loss for a year compared to 6-month gain of 43.89%. The firm has a 50-day simple moving average (SMA 50) of $47.64 and a 200-day simple moving average (SMA200) of $41.61.

The stock witnessed a 6.16% loss in the last 1 month and extending the period to 3 months gives it a 17.63%, and is 5.67% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.55% over the week and 2.55% over the month.

Truist Financial Corporation (TFC) has around 59000 employees, a market worth around $69.41B and $14.75B in sales. Current P/E ratio is 17.30 and Fwd P/E is 13.97. Profit margin for the company is 24.80%. Distance from 52-week low is 110.95% and -10.40% from its 52-week high. The company has generated returns on investments over the last 12 months (6.00%).

Truist Financial Corporation (TFC) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Truist Financial Corporation (TFC) is a “Overweight”. 24 analysts offering their recommendations for the stock have an average rating of 2.30, where 12 rate it as a Hold and 1 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Truist Financial Corporation is expected to release its quarterly report on 04/15/2021 and quarterly earnings per share for the current quarter are estimated at $0.96 with sales reaching $5.41B over the same period.The EPS is expected to shrink by -4.10% this year, but quarterly earnings will post 76.00% year-over-year. Quarterly sales are estimated to grow 48.10% in year-over-year returns.

Truist Financial Corporation (TFC) Top Institutional Holders

1,477 institutions hold shares in Truist Financial Corporation (TFC), with 3.53M shares held by insiders accounting for 0.26% while institutional investors hold 74.59% of the company’s shares. The shares outstanding are 1.35B, and float is at 1.34B with Short Float at 0.77%. Institutions hold 74.39% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 107.47 million shares valued at $4.09 billion. The investor’s holdings represent 7.97% of the TFC Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 87.88 million shares valued at $3.34 billion to account for 6.52% of the shares outstanding. The other top investors are Capital International Investors which holds 75.46 million shares representing 5.60% and valued at over $2.87 billion, while State Street Corporation holds 4.27% of the shares totaling 57.57 million with a market value of $2.19 billion.

Truist Financial Corporation (TFC) Insider Activity

A total of 18 insider transactions have happened at Truist Financial Corporation (TFC) in the last six months, with sales accounting for 14 and purchases happening 4 times. The most recent transaction is an insider sale by Thompson Thomas Nichols, the company’s Director. SEC filings show that Thompson Thomas Nichols sold 311 shares of the company’s common stock on Dec 22 at a price of $46.24 per share for a total of $14381.0. Following the sale, the insider now owns 3503.0 shares.

Truist Financial Corporation disclosed in a document filed with the SEC on Dec 15 that Standridge Brantley J (Sr. Exec. Vice President) sold a total of 1,500 shares of the company’s common stock. The trade occurred on Dec 15 and was made at $46.64 per share for $69962.0. Following the transaction, the insider now directly holds 11010.0 shares of the TFC stock.

Still, SEC filings show that on Dec 09, Boyer K. David Jr. (Director) disposed off 3,221 shares at an average price of $47.72 for $0.15 million. The insider now directly holds 8,056 shares of Truist Financial Corporation (TFC).

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