Truist Financial Corporation (TFC) is experiencing a significant fluctuation in its share distribution. Notably, several banks and advisory firms are adjusting their position in TFC, including First American Bank, Fifth Third Bancorp, Old Port Advisors, Dakota Wealth Management, and Thomasville National Bank.
While some institutions like Swedbank AB and UMB Bank have reduced their stake in TFC, others such as Orrstown Financial Services Inc. and IFM Investors Pty Ltd have increased their holdings. The corporation's Q1 and Q2 earnings for 2025 have surpassed earlier expectations despite increases in loan provisions.
An increase in institutional interest has led to Assenagon Asset Management holding a $141.67m stake in TFC, with LaFleur & Godfrey LLC holding $5.1m. Other firms such as Advisors Asset Management Inc. and Professional Advisory Services Inc. also have significant interests.
TFC's robust presence in the commercial and corporate banking sections has led to a strong performance compared to other regional banking stocks. The high institutional ownership is evidenced by an 8.8% rise in the stock over the last week. Also, TRUIST's significant multi-year investment plan targets high-growth markets.
Truist Financial Corporation TFC News Analytics from Thu, 13 Feb 2025 08:00:00 GMT to Sat, 27 Sep 2025 09:43:26 GMT - Rating 7 - Innovation -2 - Information 6 - Rumor -8
