Parnassus Investments LLC has reduced its stake in
Truist Financial Corporation (TFC). However, a significant 78% of TFC is still held by institutional investors who enjoyed a 3.3% increase in stock last week.
Oregon Public Employees Retirement Fund has boosted its stock holdings in TFC while
Robeco Institutional Asset Management and
Benjamin Edwards Inc. have also purchased considerable shares amounting to $10.41 million and 35,166 shares respectively. Readily available are
December 2028 Options for TFC, which also announced a $10B Common Stock Repurchase Program. A boost in confidence is evident in recent price target upgrades by
Raymond James and
TD Cowen. However, Nisa Investment Advisors LLC reduced their holdings. TFC hired
Lo Li to head technology, data, and operations in the consumer banking sector, upgraded their digital onboarding process, and unveiled a team to cover middle-market private equity sponsors. With its Q3 earnings and revenue estimates surpassed, TFC maintains a robust financial performance. Reduced positions by other companies, such as
Generali Asset Management SPA SGR, and a reduced prime rate to 6.75% were also announced. Despite a neutral rating by
Morgan Stanley, TFC's potential as an undervalued stock under $50 remains.
Truist Financial Corporation TFC News Analytics from Thu, 17 Apr 2025 07:00:00 GMT to Sat, 10 Jan 2026 12:51:31 GMT -
Rating 1
- Innovation 0
- Information 8
- Rumor -3
