Modera Wealth Management LLC cut its stake in Truist Financial Corporation (NYSE:TFC – Free Report) by 4.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 226,430 shares of the insurance provider’s stock after selling 9,734 shares during the period. Modera Wealth Management LLC’s holdings in Truist Financial were worth $10,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kemnay Advisory Services Inc. purchased a new position in Truist Financial during the fourth quarter worth approximately $25,000. Swiss RE Ltd. purchased a new stake in Truist Financial in the 4th quarter valued at $26,000. McMillan Office Inc. purchased a new stake in Truist Financial in the 4th quarter valued at $31,000. Maseco LLP increased its stake in shares of Truist Financial by 53.8% in the 4th quarter. Maseco LLP now owns 652 shares of the insurance provider’s stock worth $32,000 after acquiring an additional 228 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC increased its stake in shares of Truist Financial by 190.7% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 657 shares of the insurance provider’s stock worth $32,000 after acquiring an additional 431 shares during the last quarter. Institutional investors and hedge funds own 71.28% of the company’s stock.
Truist Financial Price Performance
NYSE:TFC opened at $52.50 on Friday. Truist Financial Corporation has a 52 week low of $40.78 and a 52 week high of $56.19. The stock’s fifty day moving average is $49.40 and its two-hundred day moving average is $49.50. The company has a market capitalization of $65.41 billion, a P/E ratio of 12.04, a P/E/G ratio of 0.92 and a beta of 0.89. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.70.
Truist Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 8th were given a dividend of $0.52 per share. The ex-dividend date was Friday, May 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.0%. Truist Financial’s dividend payout ratio (DPR) is currently 47.71%.
Wall Street Analysts Forecast Growth
TFC has been the topic of several analyst reports. Wall Street Zen lowered Truist Financial from a “hold” rating to a “sell” rating in a report on Monday, June 29th. Bank of America restated a “neutral” rating and set a $56.00 price objective (up from $54.00) on shares of Truist Financial in a research report on Wednesday, July 8th. Weiss Ratings raised shares of Truist Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Citigroup lowered shares of Truist Financial from a “buy” rating to a “neutral” rating and decreased their target price for the company from $63.00 to $54.00 in a report on Tuesday, June 30th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Truist Financial from $57.00 to $51.50 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $54.47.
View Our Latest Report on Truist Financial
Truist Financial News Roundup
Here are the key news stories impacting Truist Financial this week:
- Positive Sentiment: Truist beat Q2 expectations with earnings of $1.23 per share versus $1.08 expected, and revenue of $5.31 billion versus $5.24 billion expected, helped by stronger net interest income, fee income, loan growth, and lower credit provisions. Truist reports second quarter 2026 results
- Positive Sentiment: Capital markets improved, with investment banking and trading benefiting from a rebound in activity and market volatility, which helped lift quarterly profit. Truist’s quarterly profit rises on strength in investment banking and trading
- Positive Sentiment: Consumer activity remained healthy, with spending holding up, mobile engagement increasing, and credit losses easing, suggesting underlying banking demand is still resilient. Truist Bets on Digital Engagement to Deepen Banking Ties
- Neutral Sentiment: Truist also provided updated 2026 and third-quarter guidance, but the market appears to be waiting for clearer details on earnings power and the full impact of the outlook revisions. Truist reports second quarter 2026 results
- Negative Sentiment: Shares are being pressured by concerns over net interest margin compression and rising funding costs as customers move cash into higher-yielding accounts. TFC Q2 Earnings Beat on Lower Provisions, Stock Dips on NIM Concern
- Negative Sentiment: Investors are also watching the CEO transition to Michael Lyons, which adds strategic uncertainty even after the earnings beat. Truist Financial Earnings May Offer Clues About the Bank’s Next Chapter
About Truist Financial
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.
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