In yesterday’s Wall Street session, Truist Financial Corporation (NYSE:TFC) shares traded at $43.78, up 3.23% from the previous session.
TFC stock price is now 13.82% away from the 50-day moving average and 22.87% away from the 200-day moving average. The market capitalization of the company currently stands at $58.58B.
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With the price target maintained at $45, Robert W. Baird recently Downgraded its rating from Outperform to Neutral for Truist Financial Corporation (NYSE: TFC). , while ‘Evercore ISI’ rates the stock as ‘In-line’
In other news, Boyer K. David Jr., Director sold 3,764 shares of the company’s stock on Mar 07 ’24. The stock was sold for $141,084 at an average price of $37.48. Upon completion of the transaction, the Director now directly owns 16,132 shares in the company, valued at $0.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 20 ’23, Chairman & CEO ROGERS WILLIAM H JR bought 10,000 shares of the business’s stock. A total of $280,480 was incurred on buying the stock at an average price of $28.05. This leaves the insider owning 412,924 shares of the company worth $18.08 million. A total of 0.32% of the company’s stock is owned by insiders.
During the past 12 months, Truist Financial Corporation has had a low of $26.57 and a high of $43.46. The fifty day moving average price for TFC is $38.4728 and a two-hundred day moving average price translates $36.09785 for the stock.
The latest earnings results from Truist Financial Corporation (NYSE: TFC) was released for 2024-03-31. The net profit margin was -5.34% and return on equity was -2.43% for TFC. The company reported revenue of $6.18 billion for the quarter, compared to $5.78 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.92 percent.
