Davis R M Inc. Raises Stock Position in Truist Financial Corporation (NYSE:TFC)

01 Aug 2025, 10:30 by Teresa Graham · The Cerbat Gem

Davis R M Inc. increased its stake in Truist Financial Corporation (NYSE:TFC – Free Report) by 38.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,335 shares of the insurance provider’s stock after purchasing an additional 2,299 shares during the quarter. Davis R M Inc.’s holdings in Truist Financial were worth $343,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cannon Wealth Management Services LLC boosted its holdings in Truist Financial by 10.9% in the first quarter. Cannon Wealth Management Services LLC now owns 5,559 shares of the insurance provider’s stock worth $215,000 after purchasing an additional 545 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in Truist Financial by 38.4% in the first quarter. Arkadios Wealth Advisors now owns 175,163 shares of the insurance provider’s stock worth $7,208,000 after purchasing an additional 48,614 shares during the last quarter. First National Trust Co boosted its holdings in Truist Financial by 0.8% in the first quarter. First National Trust Co now owns 214,029 shares of the insurance provider’s stock worth $8,807,000 after purchasing an additional 1,601 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in Truist Financial in the first quarter worth approximately $965,000. Finally, Algebris UK Ltd boosted its holdings in Truist Financial by 64.0% in the first quarter. Algebris UK Ltd now owns 524,022 shares of the insurance provider’s stock worth $19,963,000 after purchasing an additional 204,441 shares during the last quarter. Hedge funds and other institutional investors own 71.28% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Argus set a $43.00 price target on shares of Truist Financial in a research report on Monday, April 21st. Stephens decreased their price target on shares of Truist Financial from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st. Keefe, Bruyette & Woods downgraded shares of Truist Financial from an “outperform” rating to a “market perform” rating and set a $48.00 price target on the stock. in a research report on Wednesday, July 9th. Citigroup upgraded shares of Truist Financial from a “neutral” rating to a “buy” rating and increased their price target for the stock from $44.00 to $55.00 in a research report on Thursday, June 26th. Finally, TD Cowen assumed coverage on shares of Truist Financial in a research report on Thursday, May 15th. They issued a “hold” rating and a $44.00 price target on the stock. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $48.65.

Read Our Latest Report on TFC

Insiders Place Their Bets

In related news, insider Bradley D. Bender sold 12,540 shares of the firm’s stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $45.19, for a total transaction of $566,682.60. Following the completion of the transaction, the insider directly owned 500 shares of the company’s stock, valued at approximately $22,595. This trade represents a 96.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.17% of the company’s stock.

Truist Financial Stock Down 1.3%

Shares of TFC stock opened at $43.70 on Friday. The company has a market capitalization of $57.23 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 1.65 and a beta of 0.85. The company’s fifty day moving average price is $42.42 and its 200-day moving average price is $42.14. Truist Financial Corporation has a one year low of $33.56 and a one year high of $49.06. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.86 and a quick ratio of 0.86.

Truist Financial (NYSE:TFC – Get Free Report) last posted its earnings results on Friday, July 18th. The insurance provider reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.02). The company had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $5.04 billion. Truist Financial had a net margin of 16.82% and a return on equity of 8.69%. The business’s revenue was down 406.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 earnings per share. Sell-side analysts expect that Truist Financial Corporation will post 4 EPS for the current fiscal year.

Truist Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 8th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, August 8th. Truist Financial’s dividend payout ratio (DPR) is presently 56.68%.

Truist Financial Company Profile

(Free Report)