Truist Financial Corporation [TFC] Revenue clocked in at $13.77 billion, up 0.12% YTD: What’s Next?

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Truist Financial Corporation [NYSE: TFC] price surged by 0.10 percent to reach at $0.06. The company report on March 21, 2022 that Be Bold: Calculated Career Pivots Take Courage.


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By Truist Chief Teammate Officer and Head of Enterprise Diversity Kimberly Moore-Wright.

A sum of 6088726 shares traded at recent session while its average daily volume was at 6.31M shares. Truist Financial Corporation shares reached a high of $59.61 and dropped to a low of $58.005 until finishing in the latest session at $58.62.

The one-year TFC stock forecast points to a potential upside of 17.26. The average equity rating for TFC stock is currently 2.40, 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 $70.85 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 2.40. 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.

UBS have made an estimate for Truist Financial Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 19, 2022. While these analysts kept the previous recommendation, Piper Sandler raised their target price from $69 to $72. The new note on the price target was released on January 19, 2022, representing the official price target for Truist Financial Corporation stock. Previously, the target price had yet another raise to $63, while UBS analysts kept a Neutral rating on TFC stock. On November 29, 2021, analysts increased their price target for TFC shares from 64 to 68.

The Average True Range (ATR) for Truist Financial Corporation is set at 2.10, with the Price to Sales ratio for TFC stock in the period of the last 12 months amounting to 5.68. The Price to Book ratio for the last quarter was 1.25, with the Price to Cash per share for the same quarter was set at 21.53. Price to Free Cash Flow for TFC in the course of the last twelve months was 15.77.

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 1.26. With this latest performance, TFC shares dropped by -6.28% in over the last four-week period, additionally plugging by 9.20% over the last 6 months – not to mention a rise of 2.00% 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 45.41, with the RSI for the last a single of trading hit 46.55, and the three-weeks RSI is set at 45.55 for Truist Financial Corporation [TFC]. The present Moving Average for the last 50 days of trading for this stock 62.18, while it was recorded at 58.75 for the last single week of trading, and 59.29 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 +37.99. Truist Financial Corporation’s Net Margin is presently recorded at +27.77.

Return on Equity for this stock inclined to 9.19, with Return on Assets sitting at 1.22.

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 1.09%.

Truist Financial Corporation [TFC] Insider Position Details

There are presently around $57,301 million, or 74.60% of TFC stock, in the hands of institutional investors. The top three institutional holders of TFC stocks are: VANGUARD GROUP INC with ownership of 116,494,076, which is approximately 0.678% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 95,681,454 shares of the stock with an approximate value of $5.6 billion in TFC stocks shares; and STATE STREET CORP, currently with $3.73 billion in TFC stock with ownership of nearly 2.722% of the company’s market capitalization.

779 institutional holders increased their position in Truist Financial Corporation [NYSE:TFC] by around 28,849,006 shares. Additionally, 594 investors decreased positions by around 31,006,520 shares, while 192 investors held positions by with 918,652,858 shares. The mentioned changes placed institutional holdings at 978,508,384 shares, according to the latest SEC report filing. TFC stock had 182 new institutional investments in for a total of 3,757,177 shares, while 76 institutional investors sold positions of 2,419,580 shares during the same period.

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