<div id="readability-page-1"><p>Focus Partners Advisor Solutions LLC grew its position in  Truist Financial Corporation (NYSE:TFC - Free Report) by 37.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor  owned 26,202 shares of the insurance provider's stock after purchasing an additional 7,138 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Truist Financial were worth $1,078,000 at the end of the most recent quarter.</p><ul><li>Chipotle: Too Spicy for Smart Money to Resist After Stock Split</li></ul><p>A number of other institutional investors also recently modified their holdings of TFC. Brighton Jones LLC lifted its holdings in shares of  Truist Financial by 148.5% in the fourth quarter. Brighton Jones LLC now owns 23,581 shares of the insurance provider's stock valued at $1,023,000 after purchasing an additional 14,093 shares in the last quarter.  Brown Advisory Inc. lifted its holdings in shares of  Truist Financial by 0.7% in the fourth quarter. Brown Advisory Inc. now owns 275,869 shares of the insurance provider's stock valued at $11,967,000 after purchasing an additional 2,017 shares in the last quarter.  Cary Street Partners Financial LLC bought a new stake in shares of  Truist Financial in the fourth quarter valued at about $2,921,000.  Cetera Investment Advisers lifted its holdings in shares of  Truist Financial by 4.6% in the fourth quarter. Cetera Investment Advisers now owns 474,619 shares of the insurance provider's stock valued at $20,589,000 after purchasing an additional 21,068 shares in the last quarter.  Finally, CoreCap Advisors LLC lifted its holdings in shares of  Truist Financial by 79.8% in the fourth quarter. CoreCap Advisors LLC now owns 1,656 shares of the insurance provider's stock valued at $72,000 after purchasing an additional 735 shares in the last quarter. 71.28% of the stock is currently owned by institutional investors. </p><div><p><span></span><span>Get <strong>Truist Financial</strong> alerts:</span></p></div><h2>Truist Financial Price Performance</h2><p>Truist Financial stock opened at $46.39 on Thursday. Truist Financial Corporation has a 12 month low of $33.56 and a 12 month high of $49.06. The stock's 50 day moving average is $44.77 and its 200-day moving average is $41.78. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $59.82 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 1.75 and a beta of 0.88. </p><ul><li>Peloton Moves Toward Profitability, But Can the Turnaround Last?</li></ul><p>Truist Financial (NYSE:TFC - Get Free Report) last posted its earnings results on Friday, July 18th. The insurance provider reported $0.91 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.02). Truist Financial had a net margin of 16.82% and a return on equity of 8.69%. The firm had revenue of $5.04 billion during the quarter, compared to analyst estimates of $5.04 billion. During the same period in the previous year, the company posted $0.91 EPS. Truist Financial's revenue for the quarter was down 406.0% compared to the same quarter last year.  Equities research analysts expect that  Truist Financial Corporation will post 4 EPS for the current year. </p><h2>Truist Financial Dividend Announcement</h2><p>The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 8th were given a $0.52 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.08 annualized dividend and a dividend yield of 4.5%. Truist Financial's dividend payout ratio  is presently 56.68%. </p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>Analyst Targets Signal More Growth in CrowdStrike Stock</li></ul><p>Several analysts recently issued reports on TFC shares. Citigroup upgraded Truist Financial from a &#34;neutral&#34; rating to a &#34;buy&#34; rating and upped their target price for the stock from $44.00 to $55.00 in a report on Thursday, June 26th. TD Cowen started coverage on Truist Financial in a report on Thursday, May 15th. They set a &#34;hold&#34; rating and a $44.00 target price on the stock. Morgan Stanley  reiterated a &#34;mixed&#34; rating on shares of Truist Financial in a report on Monday, July 21st. Raymond James Financial upgraded Truist Financial from a &#34;market perform&#34; rating to an &#34;outperform&#34; rating and set a $50.00 target price on the stock in a report on Tuesday, July 8th. Finally, Wells Fargo &amp; Company  reiterated an &#34;equal weight&#34; rating and set a $47.00 target price on shares of Truist Financial in a report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned  a Hold rating to the company's stock. According to MarketBeat, the company  has an average rating of &#34;Moderate Buy&#34; and an average price target of $48.47.</p><p><b>Check Out Our Latest Report on TFC</b></p><h2>Insider Activity at Truist Financial</h2><p>In other news, insider Bradley D. Bender sold 12,540 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $45.19, for a total value of $566,682.60. Following the transaction, the insider owned 500 shares of the company's stock, valued at approximately $22,595. This represents a 96.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through this link. Insiders own  0.14% of the company's stock. </p><h2>Truist Financial Profile</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>Read More</h2><ul><li>Five stocks we like better than Truist Financial</li><li>Where Do I Find 52-Week Highs and Lows?</li><li>Back-to-School Shopping Hits $40B: 3 Retail Stocks to Watch Now</li><li>Dividend Screener: How to Evaluate Dividend Stocks Before Buying</li><li>Alphabet Stock Surges After Dodging Harsh Antitrust Remedies</li><li>Why Special Dividends Can be a Delightful Surprise for Income Investors</li><li>Why Qualcomm Is Outperforming NVIDIA After Months of Lagging</li></ul><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>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 Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Focus Partners Advisor Solutions LLC increased its stake in Truist Financial Corporation (NYSE:TFC) by 37.4% in Q1, acquiring an additional 7,138 shares, bringing its total to 26,202 shares valued at $1,078,000. Other institutional investors also raised their holdings in TFC. Truist Financial's stock opened at $46.39, with a 12-month range of $33.56 to $49.06. The company reported a quarterly EPS of $0.91, missing estimates, and announced a quarterly dividend of $0.52, yielding 4.5%. Analysts have mixed ratings on the stock, with target prices ranging from $44.00 to $55.00.</p>

Focus Partners Advisor Solutions LLC Purchases 7,138 Shares of Truist Financial Corporation $TFC