Truist Financial Corporation (NYSE: TFC) is 1.22% higher on its value in year-to-date trading and has touched a low of $34.23 and a high of $49.06 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 $43.12 in the last trading session, with the day’s gains setting it 0.79%.
Currently trading at $43.91, the stock is 0.21% and -2.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.27 million and changing 1.83% at the moment leaves the stock 5.47% off its SMA200. TFC registered 17.60% gain for a year compared to 6-month gain of 6.06%. The firm has a 50-day simple moving average (SMA 50) of $45.2236 and a 200-day simple moving average (SMA200) of $41.60795.
The stock witnessed a -3.83% loss in the last 1 month and extending the period to 3 months gives it a 1.50%, and is -0.43% 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 1.86% over the week and 2.10% over the month.
Truist Financial Corporation (TFC) has around 49037 employees, a market worth around $58.29B and $25.10B in sales. Fwd P/E is 11.13. Profit margin for the company is -7.63%. Distance from 52-week low is 28.28% and -10.49% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.85%).
The EPS is expected to grow by 408.38% this year.
Truist Financial Corporation (TFC) Top Institutional Holders
1845.0 institutions hold shares in Truist Financial Corporation (TFC), with institutional investors hold 76.66% of the company’s shares. The shares outstanding are 1.33B, and float is at 1.32B with Short Float at 1.22%. Institutions hold 76.52% 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
The most recent transaction is an insider sale by Boyer K. David Jr., the company’s Director. SEC filings show that Boyer K. David Jr. sold 4,966 shares of the company’s common stock on Dec 04 ’24 at a price of $46.20 per share for a total of $0.23 million. Following the sale, the insider now owns 11246.0 shares.
Still, SEC filings show that on Nov 25 ’24, ROGERS WILLIAM H JR (Chairman & CEO) acquired 34,180 shares at an average price of $48.56 for $1.66 million. The insider now directly holds 691,451 shares of Truist Financial Corporation (TFC).
