Currently, there are 1.34B common shares owned by the public and among those 1.33B shares have been available to trade.
The company’s stock has a 5-day price change of 4.78% and 2.29% over the past three months. TFC shares are trading 6.31% year to date (YTD), with the 12-month market performance up to 28.10% higher. It has a 12-month low price of $26.57 and touched a high of $40.51 over the same period. TFC has an average intraday trading volume of 7.51 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.82%, 3.72%, and 12.79% respectively.
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Institutional ownership of Truist Financial Corporation (NYSE: TFC) shares accounts for 71.79% of the company’s 1.34B shares outstanding.
It has a market capitalization of $52.52B and a beta (3y monthly) value of 1.05. The earnings-per-share (ttm) stands at -$1.34. The company has a debt-to-equity ratio at 1.13. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.92% over the week and 2.03% over the month.
Earnings per share for the fiscal year are expected to increase by 396.69%, and 23.12% over the next financial year.
Looking at the support for the TFC, a number of firms have released research notes about the stock. Barclays stated their Equal Weight rating for the stock in a research note on May 16, 2024, with the firm’s price target at $43. Evercore ISI coverage for the Truist Financial Corporation (TFC) stock in a research note released on May 09, 2024 offered a In-line rating with a price target of $44. Compass Point was of a view on April 23, 2024 that the stock is Buy, while Stephens gave the stock Overweight rating on March 19, 2024, issuing a price target of $41- $43. BofA Securities on their part issued Buy rating on January 04, 2024.
