Fintel reports that on March 5, 2025, Baird upgraded their outlook for Truist Financial (NYSE:TFC) from Neutral to Outperform.
Analyst Price Forecast Suggests 21.83% Upside
As of March 3, 2025, the average one-year price target for Truist Financial is $53.31/share. The forecasts range from a low of $47.28 to a high of $63.00. The average price target represents an increase of 21.83% from its latest reported closing price of $43.76 / share.
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The projected annual revenue for Truist Financial is 26,237MM, an increase of 129.99%. The projected annual non-GAAP EPS is 5.71.
What is the Fund Sentiment?
There are 2,357 funds or institutions reporting positions in Truist Financial. This is an increase of 83 owner(s) or 3.65% in the last quarter. Average portfolio weight of all funds dedicated to TFC is 0.30%, an increase of 1.47%. Total shares owned by institutions increased in the last three months by 3.17% to 1,210,506K shares. 
The put/call ratio of TFC is 0.65, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital International Investors holds 90,618K shares representing 6.94% ownership of the company. In its prior filing, the firm reported owning 71,905K shares , representing an increase of 20.65%. The firm increased its portfolio allocation in TFC by 25.10% over the last quarter.
Jpmorgan Chase holds 48,327K shares representing 3.70% ownership of the company. In its prior filing, the firm reported owning 51,611K shares , representing a decrease of 6.79%. The firm decreased its portfolio allocation in TFC by 6.93% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 41,676K shares representing 3.19% ownership of the company. In its prior filing, the firm reported owning 42,499K shares , representing a decrease of 1.97%. The firm decreased its portfolio allocation in TFC by 1.98% over the last quarter.
Bank Of America holds 38,237K shares representing 2.93% ownership of the company. In its prior filing, the firm reported owning 41,956K shares , representing a decrease of 9.73%. The firm decreased its portfolio allocation in TFC by 6.59% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 35,935K shares representing 2.75% ownership of the company. In its prior filing, the firm reported owning 35,072K shares , representing an increase of 2.40%. The firm decreased its portfolio allocation in TFC by 1.68% over the last quarter.
Truist Financial Background Information
(This description is provided by the company.)
Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Formed by the historic merger of equals of BB&T and SunTrust, Truist has leading market share in many high-growth markets in the country. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Headquartered in Charlotte, North Carolina, Truist is the sixth-largest commercial bank in the U.S. with total assets of $509 billion as of December 31, 2020. Truist Bank, Member FDIC.
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