Truist Financial Co. (NYSE:TFC) Shares Sold by AHL Investment Management Inc.

AHL Investment Management Inc. lessened its position in Truist Financial Co. (NYSE:TFC) by 3.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,812 shares of the insurance provider’s stock after selling 1,500 shares during the period. AHL Investment Management Inc.’s holdings in Truist Financial were worth $1,917,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TFC. Crewe Advisors LLC acquired a new stake in shares of Truist Financial in the 1st quarter worth about $27,000. MFA Wealth Advisors LLC bought a new position in Truist Financial in the 2nd quarter valued at about $30,000. Y.D. More Investments Ltd bought a new position in Truist Financial in the 2nd quarter valued at about $31,000. Fortitude Family Office LLC grew its position in Truist Financial by 376.7% in the 3rd quarter. Fortitude Family Office LLC now owns 858 shares of the insurance provider’s stock valued at $37,000 after buying an additional 678 shares in the last quarter. Finally, Hobbs Group Advisors LLC bought a new position in Truist Financial in the 2nd quarter valued at about $38,000. Institutional investors and hedge funds own 71.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TFC shares. Stephens reiterated an “overweight” rating and issued a $50.00 target price on shares of Truist Financial in a research report on Tuesday, September 10th. The Goldman Sachs Group decreased their target price on shares of Truist Financial from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. JPMorgan Chase & Co. increased their target price on shares of Truist Financial from $43.50 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Barclays increased their target price on shares of Truist Financial from $43.00 to $47.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Finally, StockNews.com upgraded shares of Truist Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $46.02.

Truist Financial Stock Performance

Truist Financial stock opened at $42.32 on Wednesday. The company has a 50 day moving average price of $42.76 and a 200 day moving average price of $40.81. Truist Financial Co. has a 52 week low of $28.93 and a 52 week high of $45.31. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62.

Truist Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date is Friday, November 8th. Truist Financial’s dividend payout ratio (DPR) is currently -145.45%.

About Truist Financial

Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings.Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.