Truist Financial Corporation (NYSE: TFC) is 16.71% higher on its value in year-to-date trading and has touched a low of $27.64 and a high of $45.31 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 $43.29 in the last trading session, with the day’s loss setting it -0.2%.
Currently trading at $43.09, the stock is 0.38% and 0.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.71 million and changing -0.46% at the moment leaves the stock 9.39% off its SMA200. TFC registered 56.01% gain for a year compared to 6-month gain of 14.75%. The firm has a 50-day simple moving average (SMA 50) of $42.7642 and a 200-day simple moving average (SMA200) of $39.39115.
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The stock witnessed a 0.75% loss in the last 1 month and extending the period to 3 months gives it a -3.58%, and is -0.69% down 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 1.80% over the week and 2.01% over the month.
Truist Financial Corporation (TFC) has around 49037 employees, a market worth around $57.70B and $25.16B in sales. Fwd P/E is 10.89. Profit margin for the company is -7.61%. Distance from 52-week low is 55.90% and -4.90% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.87%).
with sales reaching $5.05B over the same period.The EPS is expected to grow by 410.06% this year, but quarterly earnings will post -14.90% year-over-year. Quarterly sales are estimated to shrink -12.30% in year-over-year returns.
Truist Financial Corporation (TFC) Top Institutional Holders
1798.0 institutions hold shares in Truist Financial Corporation (TFC), with institutional investors hold 80.38% of the company’s shares. The shares outstanding are 1.34B, and float is at 1.34B with Short Float at 1.09%. Institutions hold 80.16% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 117.75 million shares valued at $4.57 billion. The investor’s holdings represent 8.8199% of the TFC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 99.01 million shares valued at $3.85 billion to account for 7.416 of the shares outstanding. The other top investors are STATE STREET CORP which holds 59.14 million shares representing 4.43% and valued at over $2.3 billion, while DODGE & COX holds 3.8698 of the shares totaling 51.67 million with a market value of $2.01 billion.
Truist Financial Corporation (TFC) Insider Activity
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Truist Financial Corporation disclosed in a document filed with the SEC on Jul 25 ’24 that Powell Cynthia B (Corp. Controller, Exec VP) sold a total of 6,688 shares of the company’s common stock. The trade occurred on Jul 25 ’24 and was made at $44.14 per share for $0.3 million. Following the transaction, the insider now directly holds 0.0 shares of the TFC stock.
Still, SEC filings show that on Jul 23 ’24, ROGERS WILLIAM H JR (Chairman & CEO) acquired 57,300 shares at an average price of $43.96 for $2.52 million. The insider now directly holds 569,271 shares of Truist Financial Corporation (TFC).
