rts logo

Truist Financial Corporation (TFC) up 1.84% since start of the year

Truist Financial Corporation (NYSE: TFC) is 1.84% higher on its value in year-to-date trading and has touched a low of $25.56 and a high of $38.55 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TFC stock was last observed hovering at around $37.60 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $37.60, the stock is 3.57% and 3.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.08 million and changing 0.00% at the moment leaves the stock 15.11% off its SMA200. TFC registered 14.32% gain for a year compared to 6-month gain of 30.37%.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The stock witnessed a 8.89% loss in the last 1 month and extending the period to 3 months gives it a 2.29%, and is 5.32% 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 2.51% over the week and 2.56% over the month.

Truist Financial Corporation (TFC) has around 49037 employees, a market worth around $50.18B and $33.33B in sales. Fwd P/E is 9.72. Profit margin for the company is -4.36%. Distance from 52-week low is 47.10% and -2.46% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.46%).

Truist Financial Corporation quarterly earnings per share for the current quarter are estimated at $0.81 with sales reaching $5.69B over the same period.The EPS is expected to grow by 437.03% this year, but quarterly earnings will post -9.80% year-over-year. Quarterly sales are estimated to shrink -7.50% in year-over-year returns.

Truist Financial Corporation (TFC) Top Institutional Holders

1,749 institutions hold shares in Truist Financial Corporation (TFC), with institutional investors hold 73.12% of the company’s shares. The shares outstanding are 1.33B, and float is at 1.33B with Short Float at 0.97%. Institutions hold 72.93% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 117.95 million shares valued at $4.44 billion. The investor’s holdings represent 8.84% of the TFC Shares outstanding. As of Dec 30, 2023, the second largest holder is Blackrock Inc. with 97.46 million shares valued at $3.66 billion to account for 7.30% of the shares outstanding. The other top investors are State Street Corporation which holds 62.36 million shares representing 4.67% and valued at over $2.34 billion, while Dodge & Cox Inc holds 3.98% of the shares totaling 53.17 million with a market value of $2.0 billion.

Truist Financial Corporation (TFC) Insider Activity

The most recent transaction is an insider sale by Boyer K. David Jr.,the company’sDirector. SEC filings show that Boyer K. David Jr. sold 3,764 shares of the company’s common stock on Mar 07 ’24 at a price of $37.48 per share for a total of $0.14 million. Following the sale, the insider now owns 16132.0 shares.

Truist Financial Corporation disclosed in a document filed with the SEC on Oct 20 ’23 that ROGERS WILLIAM H JR (Chairman & CEO) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Oct 20 ’23 and was made at $28.05 per share for $0.28 million. Following the transaction, the insider now directly holds 0.41 million shares of the TFC stock.

Still, SEC filings show that on May 03 ’23, PATTON CHARLES A (Director) acquired 1,332 shares at an average price of $19.00 for $25308.0. The insider now directly holds 5,000 shares of Truist Financial Corporation (TFC).

Related Posts