Market Recap: Truist Financial Corporation (TFC)’s Positive Momentum, Closing at 38.91

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The closing price of Truist Financial Corporation (NYSE: TFC) was $38.91 for the day, up 1.73% from the previous closing price of $38.25. In other words, the price has increased by $1.73 from its previous closing price. On the day, 5.62 million shares were traded. TFC stock price reached its highest trading level at $39.05 during the session, while it also had its lowest trading level at $37.85.

Ratios:

Our analysis of TFC’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 1.13 whereas as Long-Term Debt/Eq ratio is at 0.69.

Compass Point Upgraded its Neutral to Buy on April 23, 2024, while the target price for the stock was maintained at $42.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 07 ’24 when Boyer K. David Jr. sold 3,764 shares for $37.48 per share. The transaction valued at 141,084 led to the insider holds 16,132 shares of the business.

ROGERS WILLIAM H JR bought 10,000 shares of TFC for $280,480 on Oct 20 ’23. The Chairman & CEO now owns 412,924 shares after completing the transaction at $28.05 per share.

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 52065468416 and an Enterprise Value of 85718319104. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.57 while its Price-to-Book (P/B) ratio in mrq is 1.00. Its current Enterprise Value per Revenue stands at 4.118.

Stock Price History:

Over the past 52 weeks, TFC has reached a high of $40.51, while it has fallen to a 52-week low of $26.57. The 50-Day Moving Average of the stock is 2.50%, while the 200-Day Moving Average is calculated to be 11.02%.

Shares Statistics:

TFC traded an average of 7.40M shares per day over the past three months and 7099060 shares per day over the past ten days. A total of 1.34B shares are outstanding, with a floating share count of 1.33B. Insiders hold about 0.32% of the company’s shares, while institutions hold 71.81% stake in the company. Shares short for TFC as of 1718323200 were 13944239 with a Short Ratio of 1.88, compared to 1715731200 on 13264379. Therefore, it implies a Short% of Shares Outstanding of 13944239 and a Short% of Float of 1.04.

Dividends & Splits

With its trailing 12-month dividend rate of 2.08, TFC has a forward annual dividend rate of 2.08. Against a Trailing Annual Dividend Yield of 0.054379083The stock’s 5-year Average Dividend Yield is 4.41.

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