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In the latest session, Truist Financial Corporation (NYSE: TFC) closed at $41.65 down -0.64% from its previous closing price of $41.92. In other words, the price has decreased by -$0.64 from its previous closing price. On the day, 7.3 million shares were traded. TFC stock price reached its highest trading level at $41.74 during the session, while it also had its lowest trading level at $40.665.
Ratios:
For a deeper understanding of Truist Financial Corporation’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 55775182848 and an Enterprise Value of 74032324608. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.16 while its Price-to-Book (P/B) ratio in mrq is 0.98. Its current Enterprise Value per Revenue stands at 5.202.
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 -1.44%, while the 200-Day Moving Average is calculated to be 9.25%.
Shares Statistics:
For the past three months, TFC has traded an average of 7.53M shares per day and 6968710 over the past ten days. A total of 1.34B shares are outstanding, with a floating share count of 1.34B. Insiders hold about 0.30% of the company’s shares, while institutions hold 77.88% stake in the company. Shares short for TFC as of 1723680000 were 14533445 with a Short Ratio of 1.93, compared to 1721001600 on 14806570. Therefore, it implies a Short% of Shares Outstanding of 14533445 and a Short% of Float of 1.09.
Dividends & Splits
According to the company, the forward annual dividend rate for TFC is 2.08, from 2.08 in the trailing year. Against a Trailing Annual Dividend Yield of 0.049618322The stock’s 5-year Average Dividend Yield is 4.46.
