Alta Advisers Ltd has now a position in
Truist Financial Corporation (NYSE:TFC), reflecting the strong institutional backing of the company. Despite a volatile market, TFC's impressive performance, with a gain of 8.8% over the last week, has attracted more institutional owners. Several companies, including
Brookstone Capital Management, Mutual Advisors LLC, and IFM Investors Pty Ltd, have increased their stake in TFC, while others, like the
New York State Teachers Retirement System and Tandem Investment Advisors Inc., have reduced their holdings. TFC's earnings have exceeded analyst forecasts with
shares trading at a discount to book value, making it an ideal buy for both income and growth investors. The company has been assigned a 'Moderate Buy' rating by analysts, citing 'too much value on the table.'
Morgan Stanley also maintains an Equalweight rating for TFC, indicating a neutral stance. The company has made key appointments in its leadership, including naming Charles Alston as head of its new Nonprofit Hospitals, Higher Ed and Government banking team, and Jonathan Pruzan to its board of directors. High options trading further suggests trader enthusiasm.
Truist Financial Corporation TFC News Analytics from Wed, 06 Nov 2024 08:00:00 GMT to Sat, 05 Jul 2025 21:43:01 GMT -
Rating 8
- Innovation 1
- Information 7
- Rumor 6
