Wall Street Analyst Downgrade Truist Financial Corporation [TFC]. What else is Wall St. saying

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Truist Financial Corporation [NYSE: TFC] slipped around -0.65 points on Monday, while shares priced at $48.57 at the close of the session, down -1.32%. The company report on June 27, 2022 that Truist announces planned dividend increase following release of 2022 CCAR results.


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Truist Financial Corporation (NYSE: TFC) today released the results of its annual company-run stress test, conducted in accordance with the regulations of the Board of Governors of the Federal Reserve System (“Federal Reserve”) and the Federal Deposit Insurance Corporation, under the Dodd-Frank Wall Street Reform and Consumer Protection Act. The results are available online at https://IR.Truist.com/other-filings.

Truist announces a planned 8% increase in its regular quarterly cash dividend to $0.52 per common share from $0.48 per share following the completion of the 2022 Comprehensive Capital Analysis and Review (“CCAR”) process. Truist’s dividends are subject to approval by its board of directors, which will consider the proposed dividend at its July meeting. If approved, the new quarterly dividend will take effect in the third quarter of 2022.

Truist Financial Corporation stock is now -17.05% down from its year-to-date (YTD) trading value. TFC Stock saw the intraday high of $49.50 and lowest of $48.09 per share. The company’s 52-week high price is 68.95, which means current price is +8.54% above from all time high which was touched on 01/18/22.

Compared to the average trading volume of 7.89M shares, TFC reached a trading volume of 8435251 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 $59.97 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 2.60. 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.

Citigroup have made an estimate for Truist Financial Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 11, 2022. The new note on the price target was released on April 08, 2022, representing the official price target for Truist Financial Corporation stock. Previously, the target price had yet another raise from $63 to $77, while UBS kept a Buy rating on TFC stock. On January 19, 2022, analysts increased their price target for TFC shares from 69 to 72.

The Average True Range (ATR) for Truist Financial Corporation is set at 1.47, with the Price to Sales ratio for TFC stock in the period of the last 12 months amounting to 4.51. The Price to Book ratio for the last quarter was 1.11, with the Price to Cash per share for the same quarter was set at 31.14.

How has TFC stock performed recently?

Truist Financial Corporation [TFC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.93. With this latest performance, TFC shares gained by 1.99% in over the last four-week period, additionally sinking by -15.93% over the last 6 months – not to mention a drop of -13.47% 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 52.98, with the RSI for the last a single of trading hit 57.27, and the three-weeks RSI is set at 49.73 for Truist Financial Corporation [TFC]. The present Moving Average for the last 50 days of trading for this stock 48.56, while it was recorded at 47.79 for the last single week of trading, and 57.51 for the last 200 days.

Truist Financial Corporation [TFC]: Deeper insight into the 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.

Earnings analysis for Truist Financial Corporation [TFC]

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 2.71%.

Insider trade positions for Truist Financial Corporation [TFC]

There are presently around $48,400 million, or 75.30% of TFC stock, in the hands of institutional investors. The top three institutional holders of TFC stocks are: VANGUARD GROUP INC with ownership of 117,904,719, which is approximately 1.211% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 96,437,111 shares of the stock with an approximate value of $4.75 billion in TFC stocks shares; and STATE STREET CORP, currently with $3.11 billion in TFC stock with ownership of nearly -0.753% of the company’s market capitalization.

Positions in Truist Financial Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 774 institutional holders increased their position in Truist Financial Corporation [NYSE:TFC] by around 45,344,540 shares. Additionally, 585 investors decreased positions by around 37,041,074 shares, while 240 investors held positions by with 900,947,794 shares. The mentioned changes placed institutional holdings at 983,333,408 shares, according to the latest SEC report filing. TFC stock had 116 new institutional investments in for a total of 8,599,202 shares, while 90 institutional investors sold positions of 2,254,557 shares during the same period.

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