<div id="readability-page-1"><p>Rhumbline Advisers lessened its holdings in  Truist Financial Co. (NYSE:TFC - Free Report) by 2.2% during the 4th quarter, according to its most recent filing with the Securities &amp; Exchange Commission. The fund owned 2,459,593 shares of the insurance provider's stock after selling 55,593 shares during the quarter. Rhumbline Advisers owned approximately 0.19% of Truist Financial worth $106,697,000 as of its most recent filing with the Securities &amp; Exchange Commission.</p><div><p><span></span><span>Get <strong>Truist Financial</strong> alerts:</span></p></div><ul><li>Weak Guidance from Bristol-Myers Could Be Creating an Opportunity</li></ul><p>Several other hedge funds also recently bought and sold shares of the business. Bangor Savings Bank grew its position in shares of  Truist Financial by 92.5% during the 4th quarter. Bangor Savings Bank now owns 566 shares of the insurance provider's stock worth $25,000 after buying an additional 272 shares in the last quarter.  Valley Wealth Managers Inc. bought a new position in shares of  Truist Financial during the 3rd quarter worth $26,000.  MidAtlantic Capital Management Inc. bought a new position in shares of  Truist Financial during the 3rd quarter worth $32,000.  Fortitude Family Office LLC grew its position in shares of  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 buying an additional 678 shares in the last quarter.  Finally, Ashton Thomas Securities LLC bought a new position in shares of  Truist Financial during the 3rd quarter worth $45,000. Institutional investors own  71.28% of the company's stock. </p><h2>Truist Financial Trading Up 0.7 %</h2><p>Shares of NYSE:TFC opened at $46.80 on Friday. Truist Financial Co. has a 52-week low of $34.26 and a 52-week high of $49.06. The stock has a market cap of $62.13 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 1.69 and a beta of 1.08. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average price of $45.53 and a 200-day moving average price of $44.35. </p><ul><li>3 High-Yields Unfazed by the Election: Altria, Truist, Verizon</li></ul><p>Truist Financial (NYSE:TFC - Get Free Report) last announced its quarterly earnings data on Friday, January 17th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.03. Truist Financial had a return on equity of 9.32% and a net margin of 15.59%. The firm had revenue of $5.11 billion during the quarter, compared to analysts' expectations of $5.05 billion. During the same period last year, the business posted $0.81 earnings per share. The company's revenue for the quarter was up 3.4% compared to the same quarter last year.  Equities analysts predict that  Truist Financial Co. will post 3.98 EPS for the current year. </p><h2>Truist Financial Announces Dividend</h2><p>The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend is Friday, February 14th. Truist Financial's dividend payout ratio (DPR) is 62.46%. </p><h2>Insider Buying and Selling</h2><ul><li>Caterpillar and Deere Get Analyst Upgrades, Could Move Higher</li></ul><p>In related news, CEO William H. Rogers, Jr. bought 34,180 shares of the company's stock in a transaction that occurred on Monday, November 25th. The shares were purchased at an average cost of $48.56 per share, with a total value of $1,659,780.80. Following the completion of the acquisition, the chief executive officer now directly owns 691,451 shares in the company, valued at approximately $33,576,860.56. The trade was a 5.20 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities &amp; Exchange Commission, which is accessible through this link. Also, Director K. David Jr. Boyer sold 4,966 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $46.20, for a total value of $229,429.20. Following the completion of the sale, the director now directly owns 11,246 shares in the company, valued at approximately $519,565.20. The trade was a 30.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.17% of the stock is owned by corporate insiders. </p><h2>Wall Street Analysts Forecast Growth</h2><p>TFC has been the topic of a number of recent research reports. Citigroup increased their price target on Truist Financial from $47.00 to $51.00 and gave the stock a &#34;neutral&#34; rating in a research report on Monday, November 25th. HSBC upgraded Truist Financial from a &#34;hold&#34; rating to a &#34;buy&#34; rating and set a $50.00 price objective for the company in a research note on Tuesday, January 7th. Morgan Stanley upped their price objective on Truist Financial from $55.00 to $56.00 and gave the stock an &#34;equal weight&#34; rating in a research note on Tuesday, January 21st. Barclays upped their price objective on Truist Financial from $47.00 to $51.00 and gave the stock an &#34;equal weight&#34; rating in a research note on Monday, January 6th. Finally, Hsbc Global Res upgraded Truist Financial from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research note on Tuesday, January 7th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one  has assigned  a strong buy rating to the company. According to data from MarketBeat, Truist Financial currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $50.79.</p><p><b>Get Our Latest Stock Report on TFC</b></p><h2>About Truist Financial</h2> (Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Truist Financial</li><li>Top Biotech Stocks: Exploring Innovation Opportunities</li><li>Roblox's Big Dip: A Chance to Get in on the Vaunted Gaming Stock?</li><li>Special Purpose Acquisition Company (SPAC) What You Need to Know </li><li>3 Dividend ETFs to Capitalize on the Slide in Chip Stocks</li><li>3 Natural Gas Stocks That Offer Great Dividend Yields</li><li>Is Chevron Stock Primed for Growth After Profit-Boosting News?</li></ul><p><strong>Want to see what other hedge funds are holding TFC?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Truist Financial Co. (NYSE:TFC - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVRGQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVRGQw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Where Should You Invest $1,000 Right Now?</h2><p>Before you make your next trade, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.</p><p>Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.</p><p>They believe these five stocks are the five best companies for investors to buy now...</p><p>See The Five Stocks Here </p><h2>Should You Invest $1,000 in Truist Financial Right Now?</h2><p>Before you consider Truist Financial, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Truist Financial wasn't on the list.</p><p>While Truist Financial currently has a &#34;Moderate Buy&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Rhumbline Advisers reduced its stake in Truist Financial Co. (NYSE:TFC) by 2.2%, selling 55,593 shares during the 4th quarter, leaving it with 2,459,593 shares valued at approximately $106.7 million. The company reported a quarterly EPS of $0.91, exceeding estimates, and announced a dividend of $0.52 per share. CEO William H. Rogers, Jr. purchased 34,180 shares, while Director K. David Jr. Boyer sold 4,966 shares. Truist's stock opened at $46.80, with a market cap of $62.13 billion and a dividend yield of 4.44%.</p>

Rhumbline Advisers Sells 55,593 Shares of Truist Financial Co. (NYSE:TFC)