Currently, there are 1.33B common shares owned by the public and among those 1.32B shares have been available to trade.
The company’s stock has a 5-day price change of 11.38% and 7.01% over the past three months. TFC shares are trading 9.84% year to date (YTD), with the 12-month market performance up to 33.17% higher. It has a 12-month low price of $34.23 and touched a high of $49.06 over the same period. TFC has an average intraday trading volume of 7.80 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 8.52%, 4.87%, and 14.14% respectively.
Institutional ownership of Truist Financial Corporation (NYSE: TFC) shares accounts for 73.02% of the company’s 1.33B shares outstanding.
It has a market capitalization of $63.26B and a beta (3y monthly) value of 1.05. The stock’s trailing 12-month PE ratio is 14.31, while the earnings-per-share (ttm) stands at $3.33. The company has a PEG of 2.14 and the debt-to-equity ratio at 1.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.86% over the week and 2.18% over the month.
Earnings per share for the fiscal year are expected to increase by 18.87%, and 14.61% over the next financial year. EPS should grow at an annualized rate of 6.68% over the next five years, compared to -2.00% over the past 5-year period.
Looking at the support for the TFC, a number of firms have released research notes about the stock. HSBC Securities stated their Buy rating for the stock in a research note on January 07, 2025, with the firm’s price target at $50. Citigroup was of a view on July 24, 2024 that the stock is Neutral, while Robert W. Baird gave the stock Neutral rating on July 17, 2024, issuing a price target of $45. Barclays on their part issued Equal Weight rating on May 16, 2024.
