Hoxton Planning & Management LLC Has $602,000 Stock Holdings in Truist Financial Co. (NYSE:TFC)

Hoxton Planning & Management LLC increased its position in shares of Truist Financial Co. (NYSE:TFC) by 41.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,074 shares of the insurance provider’s stock after acquiring an additional 4,141 shares during the quarter. Hoxton Planning & Management LLC’s holdings in Truist Financial were worth $602,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Crewe Advisors LLC acquired a new stake in shares of Truist Financial during the first quarter worth about $27,000. Opal Wealth Advisors LLC acquired a new stake in shares of Truist Financial during the first quarter worth about $29,000. MFA Wealth Advisors LLC acquired a new stake in shares of Truist Financial during the second quarter worth about $30,000. Y.D. More Investments Ltd acquired a new stake in shares of Truist Financial during the second quarter worth about $31,000. Finally, Rise Advisors LLC acquired a new stake in shares of Truist Financial during the first quarter worth about $32,000. Institutional investors and hedge funds own 71.28% of the company’s stock.

Insider Buying and Selling

In related news, VP Cynthia B. Powell sold 6,688 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $44.14, for a total transaction of $295,208.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Truist Financial news, CEO William H. Rogers, Jr. bought 57,300 shares of Truist Financial stock in a transaction dated Tuesday, July 23rd. The stock was bought at an average cost of $43.96 per share, with a total value of $2,518,908.00. Following the completion of the acquisition, the chief executive officer now directly owns 569,271 shares in the company, valued at approximately $25,025,153.16. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Cynthia B. Powell sold 6,688 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $44.14, for a total value of $295,208.32. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on TFC. Robert W. Baird downgraded Truist Financial from an “outperform” rating to a “neutral” rating and set a $45.00 price objective for the company. in a report on Wednesday, July 17th. Argus increased their price objective on Truist Financial from $44.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Morgan Stanley raised their price target on Truist Financial from $46.00 to $51.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Royal Bank of Canada raised their price objective on Truist Financial from $42.00 to $45.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Finally, The Goldman Sachs Group raised their price objective on Truist Financial from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $45.45.

Truist Financial Trading Up 0.3 %

Shares of TFC opened at $42.13 on Wednesday. Truist Financial Co. has a 52-week low of $26.91 and a 52-week high of $45.31. The business’s fifty day moving average is $42.54 and its 200-day moving average is $40.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $56.37 billion, a price-to-earnings ratio of -31.92, a PEG ratio of 1.92 and a beta of 1.05.

Truist Financial (NYSE:TFC) last issued its quarterly earnings results on Monday, July 22nd. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.07. The company had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.83 billion. Truist Financial had a positive return on equity of 9.18% and a negative net margin of 5.63%. The company’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.95 EPS. Equities analysts anticipate that Truist Financial Co. will post 3.55 EPS for the current fiscal year.

Truist Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 9th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $2.08 dividend on an annualized basis and a yield of 4.94%. Truist Financial’s dividend payout ratio is currently -157.58%.

Truist Financial Company Profile

Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings.Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.