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Truist Financial Corporation (NYSE:TFC) will pay a dividend of $0.52 per share on June 2, yielding 5.3%. Despite a decade-long history of stable dividends, recent earnings reports indicate insufficient coverage for the current payout, raising concerns about sustainability. While EPS is forecasted to grow by 174.4% over the next three years, the company has faced a 37% decline in earnings per share over the past five years, suggesting potential challenges ahead for dividend reliability.
Keefe, Bruyette & Woods reduced Truist Financial's price target from $53 to $47, maintaining an "outperform" rating, while HSBC Global Res upgraded it to "strong-buy." Analysts show a mixed sentiment with one sell, eight hold, eleven buy, and two strong buy ratings, leading to an average rating of "Moderate Buy" and a target price of $47.83. Truist Financial reported a quarterly EPS of $0.87, meeting estimates, and announced a dividend of $0.52 per share, yielding 5.42%.
Truist Financial received a "strong-buy" rating from Hsbc Global Res, while StockNews.com downgraded it to "sell." Currently, the stock has a "Moderate Buy" average rating, with a consensus price target of $47.83. Institutional investors hold 71.28% of the company's shares, and Truist recently announced a quarterly dividend of $0.52, yielding 5.42%.
FMR LLC now holds 10,460,159 shares of Truist Financial, valued at $453.76 million, after acquiring 5,457,053 shares last quarter. Northern Trust Corp increased its stake by 20.5%, owning 14,434,173 shares worth $626.15 million. Institutional investors control 71.28% of the company, which recently reached a 52-week low of $37.51. Analysts have mixed ratings, with a consensus of "Moderate Buy" and a target price of $47.83. The company reported $0.87 EPS, meeting estimates, and announced a quarterly dividend of $0.52.
Adage Capital Partners GP L.L.C. reduced its stake in Truist Financial Co. by 9.1%, selling 97,000 shares, leaving it with 965,264 shares valued at approximately $41.87 million. The company reported a quarterly EPS of $0.87, meeting expectations, with a revenue of $4.95 billion. Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and an average price target of $47.83.
Deutsche Bank has lowered its price target for Truist Financial Corporation from $48 to $42. Truist operates in three main areas: banking, insurance, and financial services, with a network of 2,001 branches across the U.S. As of the end of 2023, the company reported USD 284.2 billion in current deposits and USD 312.1 billion in current loans.
Aaron Wealth Advisors LLC now holds 7,712 shares of Truist Financial, valued at $335,000, after acquiring 227 additional shares. FWG Holdings LLC increased its stake by 4.3%, owning 5,694 shares worth $267,000, while Ignite Planners LLC raised its holdings by 1.4% to 17,499 shares valued at $772,000. Institutional investors control 71.28% of the company's stock, which has a current price target of $47.00, down from $51.00, according to Barclays.
Truist Financial has received mixed ratings from six analysts, with two bullish and four somewhat bearish stances. The average 12-month price target has decreased to $45.33, down from $49.00, reflecting a decline in revenue growth and profitability metrics compared to industry peers. Analysts have adjusted their ratings, with some lowering targets while one raised theirs to $52.00, indicating varied expectations for the company's future performance.
Argus has revised its price target for Truist Financial Corporation to $43 from $52. The company operates in banking, insurance, and financial services, with a network of 2,001 branches across the U.S. As of the end of 2023, it reported USD 284.2 billion in deposits and USD 312.1 billion in loans.
Barclays has lowered its price target on Truist Financial to $47 from $51 while maintaining an Equalweight rating. Truist Financial Corporation operates in banking, insurance, and financial services, with a network of 2,001 branches across the U.S. and holding USD 284.2 billion in deposits and USD 312.1 billion in loans as of the end of 2023.
Truist Financial Corporation
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truest financial receives mixed analyst ratings and price target adjustments
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truest financial sees mixed analyst ratings and institutional investment activity
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analysts adjust truist financial ratings amid mixed market outlook
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15:01 21.04.2025
argus lowers price target for truist financial to forty three dollars
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