Shepherd Financial Partners LLC Purchases 763 Shares of Truist Financial Co. (NYSE:TFC)

Shepherd Financial Partners LLC increased its position in shares of Truist Financial Co. (NYSE:TFC) by 8.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,156 shares of the insurance provider’s stock after acquiring an additional 763 shares during the period. Shepherd Financial Partners LLC’s holdings in Truist Financial were worth $434,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Crewe Advisors LLC bought a new stake in Truist Financial during the 1st quarter worth approximately $27,000. MFA Wealth Advisors LLC bought a new stake in Truist Financial during the 2nd quarter worth approximately $30,000. Y.D. More Investments Ltd bought a new stake in Truist Financial during the 2nd quarter worth approximately $31,000. Fortitude Family Office LLC increased its holdings in Truist Financial by 376.7% during the 3rd quarter. Fortitude Family Office LLC now owns 858 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 678 shares during the period. Finally, Hobbs Group Advisors LLC bought a new stake in Truist Financial during the 2nd quarter worth approximately $38,000. Institutional investors own 71.28% of the company’s stock.

Truist Financial Price Performance

Shares of Truist Financial stock opened at $42.82 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average of $42.84 and a 200 day moving average of $40.65. Truist Financial Co. has a 1 year low of $28.84 and a 1 year high of $45.31.

Truist Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 8th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $2.08 annualized dividend and a dividend yield of 4.86%. Truist Financial’s payout ratio is -145.45%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of Truist Financial from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Baird R W lowered shares of Truist Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 17th. Morgan Stanley increased their price target on shares of Truist Financial from $46.00 to $51.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. UBS Group upped their price objective on shares of Truist Financial from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Stephens reaffirmed an “overweight” rating and issued a $50.00 price objective on shares of Truist Financial in a research note on Tuesday, September 10th. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $46.02.

Truist Financial Company Profile

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.