Lowe Brockenbrough & Co. Inc. Has $2.38 Million Stock Position in Truist Financial Corporation $TFC

Lowe Brockenbrough & Co. Inc. lifted its stake in shares of Truist Financial Corporation (NYSE:TFC) by 90.1% during the first quarter, HoldingsChannel reports. The firm owned 51,670 shares of the insurance provider’s stock after acquiring an additional 24,483 shares during the quarter. Lowe Brockenbrough & Co. Inc.’s holdings in Truist Financial were worth $2,375,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TFC. Brighton Jones LLC lifted its stake in Truist Financial by 148.5% in the fourth quarter. Brighton Jones LLC now owns 23,581 shares of the insurance provider’s stock valued at $1,023,000 after acquiring an additional 14,093 shares during the last quarter. Woodline Partners LP increased its stake in shares of Truist Financial by 39.5% during the 1st quarter. Woodline Partners LP now owns 111,177 shares of the insurance provider’s stock worth $4,575,000 after purchasing an additional 31,454 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Truist Financial during the 2nd quarter worth about $575,000. AXA S.A. raised its holdings in shares of Truist Financial by 23.1% in the 2nd quarter. AXA S.A. now owns 26,192 shares of the insurance provider’s stock valued at $1,126,000 after purchasing an additional 4,921 shares during the period. Finally, Main Street Financial Solutions LLC raised its holdings in shares of Truist Financial by 20.1% in the 2nd quarter. Main Street Financial Solutions LLC now owns 6,783 shares of the insurance provider’s stock valued at $292,000 after purchasing an additional 1,134 shares during the period. Institutional investors and hedge funds own 71.28% of the company’s stock.

Key Stories Impacting 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 Ratings Changes

A number of equities analysts recently commented on TFC shares. JPMorgan Chase & Co. reduced their price target on Truist Financial from $57.00 to $51.50 and set a “neutral” rating for the company in a report on Tuesday, April 7th. UBS Group lowered Truist Financial from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $58.00 to $55.00 in a research note on Tuesday, July 7th. Wall Street Zen cut Truist Financial from a “hold” rating to a “sell” rating in a research report on Monday, June 29th. Morgan Stanley reiterated an “equal weight” rating and set a $54.00 target price (down from $62.00) on shares of Truist Financial in a research note on Monday, July 6th. Finally, Bank of America reissued a “neutral” rating and set a $56.00 target price (up from $54.00) on shares of Truist Financial in a report on Wednesday, July 8th. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $54.47.

Truist Financial Stock Performance

Shares of TFC stock opened at $52.50 on Monday. Truist Financial Corporation has a 52 week low of $40.78 and a 52 week high of $56.19. The company has a market capitalization of $65.41 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 0.92 and a beta of 0.89. The company has a 50-day simple moving average of $49.40 and a 200 day simple moving average of $49.50. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 0.86.

Truist Financial (NYSE:TFC) last released its quarterly earnings results on Friday, July 17th. The insurance provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.15. The firm had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.24 billion. Truist Financial had a net margin of 19.13% and a return on equity of 10.06%. The business’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. On average, sell-side analysts predict that Truist Financial Corporation will post 4.51 earnings per share for the current year.

Truist Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 8th were given a $0.52 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.08 annualized dividend and a dividend yield of 4.0%. Truist Financial’s dividend payout ratio is presently 47.71%.

Truist Financial Profile

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.