SG Americas Securities LLC Raises Stock Holdings in Truist Financial Corporation $TFC

Posted by Geri Gentry on Jun 22nd, 2026

SG Americas Securities LLC raised its position in Truist Financial Corporation (NYSE:TFC – Free Report) by 768.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 2,330,586 shares of the insurance provider’s stock after purchasing an additional 2,062,274 shares during the period. SG Americas Securities LLC’s holdings in Truist Financial were worth $107,137,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Pinnacle Financial Partners Inc. boosted its stake in shares of Truist Financial by 30.0% during the third quarter. Pinnacle Financial Partners Inc. now owns 174,839 shares of the insurance provider’s stock worth $7,994,000 after buying an additional 40,393 shares during the period. Legal & General Group Plc grew its holdings in shares of Truist Financial by 9.0% during the third quarter. Legal & General Group Plc now owns 7,902,804 shares of the insurance provider’s stock worth $361,316,000 after buying an additional 655,542 shares during the last quarter. Equitable Trust Co. increased its position in Truist Financial by 48.9% in the 3rd quarter. Equitable Trust Co. now owns 118,261 shares of the insurance provider’s stock valued at $5,407,000 after acquiring an additional 38,850 shares during the period. Cadence Bank increased its position in Truist Financial by 8.0% in the 3rd quarter. Cadence Bank now owns 335,969 shares of the insurance provider’s stock valued at $15,361,000 after acquiring an additional 24,745 shares during the period. Finally, Ritholtz Wealth Management raised its stake in Truist Financial by 91.9% during the 4th quarter. Ritholtz Wealth Management now owns 45,749 shares of the insurance provider’s stock valued at $2,251,000 after acquiring an additional 21,903 shares during the last quarter. 71.28% of the stock is owned by institutional investors and hedge funds.

Truist Financial Trading Down 0.0%

NYSE TFC opened at $48.33 on Monday. The stock has a market capitalization of $60.21 billion, a P/E ratio of 11.99, a P/E/G ratio of 0.83 and a beta of 0.89. Truist Financial Corporation has a 52-week low of $39.94 and a 52-week high of $56.19. The firm has a 50-day moving average price of $49.16 and a 200 day moving average price of $49.26. 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 (NYSE:TFC – Get Free Report) last announced its quarterly earnings data on Friday, April 17th. The insurance provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. Truist Financial had a return on equity of 9.55% and a net margin of 18.14%.The company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.18 billion. During the same quarter in the previous year, the company earned $0.87 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts expect that Truist Financial Corporation will post 4.5 EPS for the current year.

Truist Financial Dividend Announcement

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

Analysts Set New Price Targets

TFC has been the subject of a number of recent research reports. Morgan Stanley decreased their price objective on Truist Financial from $63.00 to $62.00 and set an “overweight” rating for the company in a research report on Monday, April 20th. Weiss Ratings raised Truist Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. JPMorgan Chase & Co. cut their price target on Truist Financial from $57.00 to $51.50 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Stephens began coverage on Truist Financial in a report on Monday, June 15th. They set an “overweight” rating and a $59.00 price target for the company. Finally, Jefferies Financial Group reiterated a “mixed” rating and issued a $45.00 price objective on shares of Truist Financial in a research report on Friday, April 17th. Ten analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Truist Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.79.

Get Our Latest Analysis on Truist Financial

About Truist Financial

(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.