Truist Financial Corporation [TFC] fell -16.73% so far this year. What now?

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Truist Financial Corporation [NYSE: TFC] price plunged by -1.16 percent to reach at -$0.55. The company report on November 16, 2020 that Truist hires Karakaplan to lead newly formed Enterprise Payments Group.

Truist Financial Corporation (NYSE: TFC) today announced Sal Karakaplan has been hired as head of its newly formed Enterprise Payments Group.

Under Karakaplan’s leadership, the Enterprise Payments Group will be responsible for driving a coordinated strategy and execution across Truist’s payments businesses, enabling the delivery of next generation payment products, services, and infrastructure to meet clients’ needs and drive financial results.

A sum of 6357818 shares traded at recent session while its average daily volume was at 5.31M shares. Truist Financial Corporation shares reached a high of $47.03 and dropped to a low of $46.15 until finishing in the latest session at $46.90.

The one-year TFC stock forecast points to a potential downside of -0.47. The average equity rating for TFC stock is currently 2.10, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Truist Financial Corporation [TFC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TFC shares is $46.68 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TFC stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Keefe Bruyette have made an estimate for Truist Financial Corporation shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on November 19, 2020. The new note on the price target was released on July 31, 2020, representing the official price target for Truist Financial Corporation stock. Previously, the target price had yet another raise to $45, while Raymond James analysts kept a Outperform rating on TFC stock. On April 21, 2020, analysts increased their price target for TFC shares from 31 to 41.

The Average True Range (ATR) for Truist Financial Corporation is set at 1.87, with the Price to Sales ratio for TFC stock in the period of the last 12 months amounting to 4.21. The Price to Book ratio for the last quarter was 1.02, with the Price to Cash per share for the same quarter was set at 35.73.

TFC Stock Performance Analysis:

Truist Financial Corporation [TFC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.23. With this latest performance, TFC shares gained by 11.93% in over the last four-week period, additionally plugging by 40.88% over the last 6 months – not to mention a drop of -13.80% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TFC stock in for the last two-week period is set at 58.70, with the RSI for the last a single of trading hit 54.79, and the three-weeks RSI is set at 57.56 for Truist Financial Corporation [TFC]. The present Moving Average for the last 50 days of trading for this stock 42.06, while it was recorded at 47.66 for the last single week of trading, and 39.04 for the last 200 days.

Insight into Truist Financial Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Truist Financial Corporation [TFC] shares currently have an operating margin of +30.64. Truist Financial Corporation’s Net Margin is presently recorded at +22.16.

Return on Total Capital for TFC is now 4.76, given the latest momentum, and Return on Invested Capital for the company is 4.24. Return on Equity for this stock inclined to 6.68, with Return on Assets sitting at 0.93. When it comes to the capital structure of this company, Truist Financial Corporation [TFC] has a Total Debt to Total Equity ratio set at 92.91. Additionally, TFC Total Debt to Total Capital is recorded at 48.16, with Total Debt to Total Assets ending up at 13.14. Long-Term Debt to Equity for the company is recorded at 59.87, with the Long-Term Debt to Total Capital now at 28.65.

Reflecting on the efficiency of the workforce at the company, Truist Financial Corporation [TFC] managed to generate an average of $54,644 per employee.


With the latest financial reports released by the company, Truist Financial Corporation posted 1.04/share EPS, while the average EPS was predicted by analysts to be reported at 1.03/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TFC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Truist Financial Corporation go to -9.10%.

Truist Financial Corporation [TFC] Insider Position Details

There are presently around $46,236 million, or 73.70% of TFC stock, in the hands of institutional investors. The top three institutional holders of TFC stocks are: VANGUARD GROUP INC with ownership of 107,470,141, which is approximately -1.679% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 87,883,778 shares of the stock with an approximate value of $4.12 billion in TFC stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $3.54 billion in TFC stock with ownership of nearly -8.215% of the company’s market capitalization.

Positions in Truist Financial Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 497 institutional holders increased their position in Truist Financial Corporation [NYSE:TFC] by around 43,952,399 shares. Additionally, 620 investors decreased positions by around 41,209,960 shares, while 144 investors held positions by with 900,687,026 shares. The mentioned changes placed institutional holdings at 985,849,385 shares, according to the latest SEC report filing. TFC stock had 99 new institutional investments in for a total of 3,942,958 shares, while 99 institutional investors sold positions of 7,104,850 shares during the same period.

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