Northwestern Mutual Wealth Management Co. Raises Stock Holdings in Truist Financial Corporation $TFC

Posted by Brenda Bartman on May 30th, 2026

Northwestern Mutual Wealth Management Co. grew its holdings in shares of Truist Financial Corporation (NYSE:TFC – Free Report) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,379,694 shares of the insurance provider’s stock after buying an additional 42,494 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.11% of Truist Financial worth $67,895,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TFC. Independent Advisor Alliance lifted its holdings in shares of Truist Financial by 9.7% during the third quarter. Independent Advisor Alliance now owns 329,093 shares of the insurance provider’s stock valued at $15,046,000 after purchasing an additional 29,191 shares during the last quarter. Cullen Capital Management LLC increased its position in Truist Financial by 10.3% during the 3rd quarter. Cullen Capital Management LLC now owns 4,591,783 shares of the insurance provider’s stock valued at $209,936,000 after buying an additional 427,067 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in Truist Financial by 18.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 169,030 shares of the insurance provider’s stock valued at $7,728,000 after buying an additional 26,530 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in Truist Financial by 2.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 421,809 shares of the insurance provider’s stock valued at $19,285,000 after buying an additional 10,706 shares during the last quarter. Finally, Versor Investments LP boosted its holdings in Truist Financial by 64.4% in the third quarter. Versor Investments LP now owns 25,008 shares of the insurance provider’s stock worth $1,143,000 after acquiring an additional 9,800 shares in the last quarter. 71.28% of the stock is currently owned by institutional investors.

Truist Financial Trading Up 0.7%

Truist Financial stock opened at $48.12 on Friday. Truist Financial Corporation has a 1 year low of $38.67 and a 1 year high of $56.19. The firm’s 50 day moving average price is $48.28 and its 200-day moving average price is $48.86. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $59.96 billion, a P/E ratio of 11.94, a PEG ratio of 0.82 and a beta of 0.92.

Truist Financial (NYSE:TFC – Get Free Report) last issued its earnings results on Friday, April 17th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.09. The firm had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.18 billion. Truist Financial had a return on equity of 9.55% and a net margin of 18.14%.The business’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.87 earnings per share. On average, equities analysts predict that Truist Financial Corporation will post 4.52 earnings per share for the current fiscal year.

Truist Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 8th will be given a $0.52 dividend. The ex-dividend date is Friday, May 8th. This represents a $2.08 dividend on an annualized basis and a yield of 4.3%. Truist Financial’s dividend payout ratio (DPR) is currently 51.61%.

Analyst Ratings Changes

A number of research firms have recently commented on TFC. Royal Bank Of Canada increased their price target on shares of Truist Financial from $51.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Weiss Ratings upgraded shares of Truist Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Jefferies Financial Group reaffirmed a “mixed” rating and set a $45.00 target price on shares of Truist Financial in a report on Friday, April 17th. JPMorgan Chase & Co. dropped their price target on shares of Truist Financial from $57.00 to $51.50 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Finally, Morgan Stanley cut their price objective on shares of Truist Financial from $63.00 to $62.00 and set an “overweight” rating for the company in a research report on Monday, April 20th. Nine research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $55.59.

View Our Latest Report on TFC

Truist Financial Company Profile

(Free Report)

Truist Financial Corporation is an American bank holding company that provides a broad range of financial services through its primary subsidiary, Truist Bank, and other operating units. The company offers traditional retail banking products and services such as deposit accounts, consumer and residential mortgage lending, and credit and debit card services. Truist also serves commercial clients with middle-market and corporate lending, treasury and payment solutions, and specialty finance products.

Beyond core banking, Truist operates wealth management, asset management, insurance and capital markets businesses.