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Truist Financial Corporation (NYSE: TFC) closed the day trading at $42.09 down -0.40% from the previous closing price of $42.26. In other words, the price has decreased by -$0.40 from its previous closing price. On the day, 7.56 million shares were traded. TFC stock price reached its highest trading level at $42.55 during the session, while it also had its lowest trading level at $41.53.
Ratios:
For a better understanding of TFC, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.92 whereas as Long-Term Debt/Eq ratio is at 0.56.
On July 24, 2024, Citigroup Downgraded its rating to Neutral which previously was Buy and also upped its target price recommendation from $45 to $47.
Robert W. Baird Downgraded its Outperform to Neutral on July 17, 2024, while the target price for the stock was maintained at $45.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 14 ’24 when Weaver David Hudson bought 5,000 shares for $41.92 per share.
Powell Cynthia B sold 6,688 shares of TFC for $295,208 on Jul 25 ’24. The Corp. Controller, Exec VP now owns 0 shares after completing the transaction at $44.14 per share. On Jul 23 ’24, another insider, ROGERS WILLIAM H JR, who serves as the Chairman & CEO of the company, bought 57,300 shares for $43.96 each. As a result, the insider paid 2,518,908 and bolstered with 569,271 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TFC now has a Market Capitalization of 56364400640 and an Enterprise Value of 74621550592. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.19 while its Price-to-Book (P/B) ratio in mrq is 0.99. Its current Enterprise Value per Revenue stands at 5.243.
Stock Price History:
Over the past 52 weeks, TFC has reached a high of $45.31, while it has fallen to a 52-week low of $26.57. The 50-Day Moving Average of the stock is 4.12%, while the 200-Day Moving Average is calculated to be 13.00%.
Shares Statistics:
Over the past 3-months, TFC traded about 7.13M shares per day on average, while over the past 10 days, TFC traded about 6234320 shares per day. A total of 1.33B shares are outstanding, with a floating share count of 1.33B. Insiders hold about 0.43% of the company’s shares, while institutions hold 78.13% stake in the company. Shares short for TFC as of 1722384000 were 13954831 with a Short Ratio of 1.96, compared to 1719532800 on 15546617. Therefore, it implies a Short% of Shares Outstanding of 13954831 and a Short% of Float of 1.04.
Dividends & Splits
TFC’s forward annual dividend rate is 2.08, up from 2.08 a year ago. Against a Trailing Annual Dividend Yield of 0.04921912The stock’s 5-year Average Dividend Yield is 4.44.
