Several brokerages have updated their recommendations and price targets on shares of Truist Financial (NYSE: TFC) in the last few weeks:
- 10/19/2026 – Truist Financial had its price target lowered by Royal Bank Of Canada from $53.00 to $51.00. They now have an “outperform” rating on the stock.
- 10/19/2026 – Truist Financial had its price target lowered by Keefe, Bruyette & Woods from $55.00 to $54.00. They now have a “market perform” rating on the stock.
- 10/8/2026 – Truist Financial was given a new $52.00 price target by Wells Fargo & Company.
- 10/8/2026 – Truist Financial is now covered by TD Cowen. They set a “hold” rating and a $52.00 price target on the stock.
- 10/5/2026 – Truist Financial had its price target lowered by UBS Group AG from $55.00 to $50.00. They now have a “neutral” rating on the stock.
- 10/2/2026 – Truist Financial had its price target lowered by JPMorgan Chase & Co. from $54.00 to $50.50. They now have an “underweight” rating on the stock.
- 9/28/2026 – Truist Financial is now covered by HSBC Holdings plc. They set a “buy” rating and a $61.00 price target on the stock.
Truist Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Friday, August 14th. Truist Financial’s payout ratio is currently 53.61%.
Insiders Place Their Bets
In other news, Director K. Boyer, Jr. sold 3,986 shares of the stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $50.70, for a total value of $202,090.20. Following the completion of the sale, the director directly owned 10,270 shares of the company’s stock, valued at approximately $520,689. This represents a 27.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dontá Wilson sold 13,280 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $51.85, for a total transaction of $688,568.00. Following the completion of the sale, the insider owned 56,009 shares in the company, valued at approximately $2,904,066.65. The trade was a 19.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.15% of the company’s stock.
Truist Financial Corporation is a financial services company headquartered in Charlotte, North Carolina, operating through its principal subsidiary, Truist Bank. The company provides banking, lending, investment, insurance and wealth management services to consumers, small businesses, commercial clients and institutional customers.
Its offerings include checking and savings accounts, mortgages, consumer loans, credit cards, commercial and industrial lending, treasury and payment services, investment banking, brokerage, asset management and insurance products.
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