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 -7.38% and 6.00% over the past three months. TFC shares are trading 11.54% year to date (YTD), with the 12-month market performance up to 27.57% higher. It has a 12-month low price of $26.57 and touched a high of $45.31 over the same period. TFC has an average intraday trading volume of 7.20 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 -2.96%, 4.66%, and 13.06% respectively.
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Institutional ownership of Truist Financial Corporation (NYSE: TFC) shares accounts for 76.50% of the company’s 1.34B shares outstanding.
It has a market capitalization of $55.10B and a beta (3y monthly) value of 1.05. The earnings-per-share (ttm) stands at -$1.65. The company has a debt-to-equity ratio at 0.90. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.99% over the week and 2.59% over the month.
Earnings per share for the fiscal year are expected to increase by 399.98%, and 25.04% over the next financial year.
Looking at the support for the TFC, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on July 24, 2024, with the firm’s price target at $45-$47. Robert W. Baird coverage for the Truist Financial Corporation (TFC) stock in a research note released on July 17, 2024 offered a Neutral rating with a price target of $45. Barclays was of a view on May 16, 2024 that the stock is Equal Weight, while Evercore ISI gave the stock In-line rating on May 09, 2024, issuing a price target of $44. Compass Point on their part issued Buy rating on April 23, 2024.
