Bessemer Group Inc. Purchases 579,104 Shares of Truist Financial Corporation $TFC

Bessemer Group Inc. lifted its holdings in shares of Truist Financial Corporation (NYSE:TFC) by 32.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,382,131 shares of the insurance provider’s stock after acquiring an additional 579,104 shares during the quarter. Bessemer Group Inc.’s holdings in Truist Financial were worth $109,505,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Kemnay Advisory Services Inc. purchased a new stake in shares of Truist Financial during the 4th quarter valued at $25,000. Swiss RE Ltd. bought a new position in Truist Financial during the fourth quarter worth about $26,000. McMillan Office Inc. purchased a new position in shares of Truist Financial in the fourth quarter worth about $31,000. Maseco LLP raised its position in shares of Truist Financial by 53.8% in the fourth quarter. Maseco LLP now owns 652 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 228 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC raised its position in shares of Truist Financial by 190.7% in the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 657 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 431 shares during the period. 71.28% of the stock is currently owned by institutional investors.

Truist Financial Trading Down 1.4%

Truist Financial stock opened at $52.50 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.86 and a current ratio of 0.86. Truist Financial Corporation has a fifty-two week low of $40.78 and a fifty-two week high of $56.19. The stock has a market cap of $65.41 billion, a P/E ratio of 13.03, a PEG ratio of 0.93 and a beta of 0.89. The firm’s fifty day moving average price is $49.40 and its 200-day moving average price is $49.50.

Truist Financial (NYSE:TFC) last posted its quarterly earnings data on Friday, July 17th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.15. Truist Financial had a return on equity of 9.55% and a net margin of 18.14%.The company had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.24 billion. During the same quarter last year, the company earned $0.91 earnings per share. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. Equities research analysts forecast that Truist Financial Corporation will post 4.51 earnings per share for the current fiscal year.

Truist Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 8th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Friday, May 8th. Truist Financial’s dividend payout ratio (DPR) is 51.61%.

Trending Headlines about Truist Financial

Here are the key news stories impacting Truist Financial this week:

• Positive Sentiment: Truist beat Q2 expectations with earnings of $1.23 per share versus $1.08 expected, and revenue of $5.31 billion versus $5.24 billion expected, helped by stronger net interest income, fee income, loan growth, and lower credit provisions. Truist reports second quarter 2026 results
• Positive Sentiment: Capital markets improved, with investment banking and trading benefiting from a rebound in activity and market volatility, which helped lift quarterly profit. Truist’s quarterly profit rises on strength in investment banking and trading
• Positive Sentiment: Consumer activity remained healthy, with spending holding up, mobile engagement increasing, and credit losses easing, suggesting underlying banking demand is still resilient. Truist Bets on Digital Engagement to Deepen Banking Ties
• Neutral Sentiment: Truist also provided updated 2026 and third-quarter guidance, but the market appears to be waiting for clearer details on earnings power and the full impact of the outlook revisions. Truist reports second quarter 2026 results
• Negative Sentiment: Shares are being pressured by concerns over net interest margin compression and rising funding costs as customers move cash into higher-yielding accounts. TFC Q2 Earnings Beat on Lower Provisions, Stock Dips on NIM Concern
• Negative Sentiment: Investors are also watching the CEO transition to Michael Lyons, which adds strategic uncertainty even after the earnings beat. Truist Financial Earnings May Offer Clues About the Bank’s Next Chapter

Analyst Upgrades and Downgrades

Several research analysts recently commented on TFC shares. Jefferies Financial Group reaffirmed a “mixed” rating and issued a $45.00 price objective on shares of Truist Financial in a report on Friday, April 17th. Royal Bank Of Canada boosted their target price on shares of Truist Financial from $51.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Stephens initiated coverage on Truist Financial in a research report on Monday, June 15th. They set an “overweight” rating and a $59.00 target price on the stock. Citigroup lowered Truist Financial from a “buy” rating to a “neutral” rating and cut their price target for the stock from $63.00 to $54.00 in a report on Tuesday, June 30th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Truist Financial in a research report on Wednesday, July 1st. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $54.47.

About Truist Financial

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.