SteelPeak Wealth LLC Grows Stock Position in Truist Financial Corporation $TFC

02 Jan 2026, 07:34 by Doug Wharley · The Cerbat Gem

SteelPeak Wealth LLC lifted its stake in Truist Financial Corporation (NYSE:TFC – Free Report) by 80.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 190,918 shares of the insurance provider’s stock after purchasing an additional 85,220 shares during the quarter. SteelPeak Wealth LLC’s holdings in Truist Financial were worth $8,729,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of TFC. Vanguard Group Inc. raised its holdings in shares of Truist Financial by 1.3% in the second quarter. Vanguard Group Inc. now owns 120,440,153 shares of the insurance provider’s stock worth $5,177,722,000 after buying an additional 1,529,478 shares during the last quarter. Geode Capital Management LLC raised its stake in Truist Financial by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 28,191,122 shares of the insurance provider’s stock worth $1,205,855,000 after acquiring an additional 74,728 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Truist Financial by 0.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 17,566,519 shares of the insurance provider’s stock worth $755,185,000 after acquiring an additional 164,034 shares during the period. Invesco Ltd. grew its stake in Truist Financial by 6.5% during the 2nd quarter. Invesco Ltd. now owns 13,995,108 shares of the insurance provider’s stock valued at $601,650,000 after purchasing an additional 854,826 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Truist Financial by 6.6% during the second quarter. American Century Companies Inc. now owns 12,834,800 shares of the insurance provider’s stock worth $551,768,000 after purchasing an additional 793,276 shares during the period. 71.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on TFC shares. Robert W. Baird reiterated a “neutral” rating and issued a $52.00 price target on shares of Truist Financial in a report on Thursday, December 11th. TD Cowen upgraded shares of Truist Financial from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Tuesday, October 21st. Keefe, Bruyette & Woods boosted their target price on shares of Truist Financial from $49.00 to $53.00 and gave the company a “market perform” rating in a research report on Wednesday, December 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Truist Financial in a research note on Monday. Finally, Citigroup lifted their price target on Truist Financial from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $50.47.

Check Out Our Latest Stock Analysis on Truist Financial

Insider Buying and Selling at Truist Financial

In related news, Director K. David Jr. Boyer sold 5,160 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $46.45, for a total value of $239,682.00. Following the transaction, the director directly owned 10,153 shares of the company’s stock, valued at approximately $471,606.85. This trade represents a 33.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.17% of the stock is currently owned by company insiders.

Truist Financial Stock Performance

Shares of TFC stock opened at $49.24 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.70. Truist Financial Corporation has a 12-month low of $33.56 and a 12-month high of $50.86. The business’s 50 day moving average is $46.95 and its two-hundred day moving average is $45.29. The company has a market capitalization of $62.99 billion, a P/E ratio of 13.24, a P/E/G ratio of 1.07 and a beta of 0.89.

Truist Financial (NYSE:TFC – Get Free Report) last posted its quarterly earnings data on Friday, October 17th. The insurance provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.05. Truist Financial had a return on equity of 8.73% and a net margin of 16.84%.The business had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.20 billion. During the same period in the previous year, the business earned $0.97 earnings per share. The business’s revenue was up 1.9% compared to the same quarter last year. Analysts expect that Truist Financial Corporation will post 4 EPS for the current fiscal year.

Truist Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.2%. Truist Financial’s payout ratio is currently 55.91%.

Truist Financial declared that its board has authorized a stock repurchase plan on Tuesday, December 16th that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the insurance provider to buy up to 15.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Truist Financial Profile

(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.