Truist Financial Corporation [TFC] stock Resumed by Keefe Bruyette analyst, price target now $49

Truist Financial Corporation [NYSE: TFC] price plunged by -0.53 percent to reach at -$0.29. The company report on August 3, 2021 that ATTENTION NORTHSTAR FINANCIAL SERVICES (BERMUDA) INVESTORS: The Securities Arbitration Law Firm of KlaymanToskes Commences Investigation of Potential Claims on Behalf of SUNTRUST INVESTMENT SERVICES CUSTOMERS.

National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation of potential FINRA arbitration claims on behalf of investors who sustained losses exceeding $250,000 in Northstar Financial Services (Bermuda) (“Northstar”) purchased through Truist Financial Corporation’s (NYSE: TFC) subsidiary, Truist Investment Services (d/b/a SunTrust Investment Services) (“SunTrust”), and other full-service brokerage firms. Northstar was a Segregated Accounts Company regulated by the Bermuda Monetary Authority, and touted its fixed and variable annuity products as offering segregated account protection, generous liquidity terms and a variety of commitment periods, as well as the benefits of a Bermuda trust structure.

Investors are suing their investment firms after Northstar’s bankruptcy and liquidation in which investors allege that their financial advisors misrepresented the investment as a safe, low risk product like a CD that had guaranteed monthly income with principal protection. According to securities attorney, Lawrence L. Klayman, “broker-dealers not only have a duty to conduct proper due diligence on their recommended investments, but also must not misrepresent or fail to disclose materials facts during the course of a sale or recommendation.”.

A sum of 4464576 shares traded at recent session while its average daily volume was at 5.48M shares. Truist Financial Corporation shares reached a high of $55.97 and dropped to a low of $54.11 until finishing in the latest session at $54.14.

The one-year TFC stock forecast points to a potential upside of 17.1. The average equity rating for TFC stock is currently 2.30, 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 $65.31 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 2.30. 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 Underperform, with their previous recommendation back on July 07, 2021. The new note on the price target was released on May 10, 2021, representing the official price target for Truist Financial Corporation stock. Previously, the target price had yet another raise to $53, while Robert W. Baird analysts kept a Neutral rating on TFC stock. On January 07, 2021, analysts increased their price target for TFC shares from 48 to 55.

The Average True Range (ATR) for Truist Financial Corporation is set at 1.46, with the Price to Sales ratio for TFC stock in the period of the last 12 months amounting to 5.22. The Price to Book ratio for the last quarter was 1.17, with the Price to Cash per share for the same quarter was set at 24.69.

TFC Stock Performance Analysis:

Truist Financial Corporation [TFC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.38. With this latest performance, TFC shares dropped by -3.84% in over the last four-week period, additionally plugging by 11.91% over the last 6 months – not to mention a rise of 44.53% 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 45.09, with the RSI for the last a single of trading hit 44.48, and the three-weeks RSI is set at 45.15 for Truist Financial Corporation [TFC]. The present Moving Average for the last 50 days of trading for this stock 56.53, while it was recorded at 54.78 for the last single week of trading, and 53.64 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 +27.20. Truist Financial Corporation’s Net Margin is presently recorded at +18.56.

Return on Total Capital for TFC is now 5.32, given the latest momentum, and Return on Invested Capital for the company is 4.28. Return on Equity for this stock inclined to 6.53, with Return on Assets sitting at 0.91. When it comes to the capital structure of this company, Truist Financial Corporation [TFC] has a Total Debt to Total Equity ratio set at 67.20. Additionally, TFC Total Debt to Total Capital is recorded at 40.19, with Total Debt to Total Assets ending up at 9.28. Long-Term Debt to Equity for the company is recorded at 56.98, with the Long-Term Debt to Total Capital now at 30.20.

TFC Stock EPS

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 8.90%.

Truist Financial Corporation [TFC] Insider Position Details

There are presently around $53,127 million, or 74.40% of TFC stock, in the hands of institutional investors. The top three institutional holders of TFC stocks are: VANGUARD GROUP INC with ownership of 106,962,328, which is approximately 0.988% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 93,117,875 shares of the stock with an approximate value of $5.04 billion in TFC stocks shares; and STATE STREET CORP, currently with $3.35 billion in TFC stock with ownership of nearly 5.996% of the company’s market capitalization.

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Positions in Truist Financial Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 700 institutional holders increased their position in Truist Financial Corporation [NYSE:TFC] by around 61,317,130 shares. Additionally, 533 investors decreased positions by around 60,104,079 shares, while 197 investors held positions by with 859,870,664 shares. The mentioned changes placed institutional holdings at 981,291,873 shares, according to the latest SEC report filing. TFC stock had 118 new institutional investments in for a total of 6,216,482 shares, while 68 institutional investors sold positions of 2,132,572 shares during the same period.

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