Truist Financial has recently received upgraded ratings and target prices from multiple financial analysts.
UBS Group raised their target price from $47.00 to $49.00 and assigned a "buy" rating.
Stephens reiterated an "overweight" rating and set a target price of $50.00.
Citigroup raised their price target from $47.00 to $51.00 while maintaining a "neutral" rating.
The Goldman Sachs Group increased their price objective from $50.00 to $60.00 and gave the stock a "buy" rating.
Despite these upgrades, there is a mixed outlook among analysts, with some rating the stock as a hold and others as a buy.
Institutional investors have also made adjustments to their positions in Truist Financial, with some reducing their holdings and others acquiring new positions.
The level of institutional ownership reflects confidence in the company's long-term prospects.
Truist Financial's CEO, William H. Rogers, Jr., recently purchased shares of the company's stock, which can be seen as a sign of confidence in the company's future performance.
The stock has shown fluctuations and has a 1-year low of $31.96 and a high of $49.06.
Truist Financial reported earnings that exceeded analysts' expectations, but also reported a negative net margin.
The company recently announced a quarterly dividend, but the dividend payout ratio indicates that the firm is paying out more in dividends than it is earning.
The decision to maintain dividends amid fluctuating earnings can attract income-focused investors but also puts pressure on the company to improve profitability.