Truist Financial
About: Based in Charlotte, North Carolina, Truist is the combination of BB&T and SunTrust. Truist is a regional bank with a presence primarily in the Southeastern United States. In addition to commercial banking, retail banking, and investment banking operations, the company operates several nonbank segments.
Employees: 50,832
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
40% more call options, than puts
Call options by funds: $485M | Put options by funds: $347M
34% more first-time investments, than exits
New positions opened: 150 | Existing positions closed: 112
6% more capital invested
Capital invested by funds: $38.4B [Q2] → $40.6B (+$2.2B) [Q3]
3% more funds holding
Funds holding: 1,402 [Q2] → 1,440 (+38) [Q3]
4% less repeat investments, than reductions
Existing positions increased: 533 | Existing positions reduced: 553
2.97% less ownership
Funds ownership: 73.93% [Q2] → 70.96% (-2.97%) [Q3]
27% less funds holding in top 10
Funds holding in top 10: 15 [Q2] → 11 (-4) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Wells Fargo Mike Mayo 75% 1-year accuracy 21 / 28 met price target | 8%upside $52 | Overweight Maintained | 15 Nov 2024 |
UBS Erika Najarian 100% 1-year accuracy 11 / 11 met price target | 2%upside $49 | Buy Maintained | 18 Oct 2024 |
RBC Capital Gerard Cassidy 97% 1-year accuracy 37 / 38 met price target | 4%downside $46 | Outperform Maintained | 18 Oct 2024 |
Stephens & Co. Terry McEvoy 96% 1-year accuracy 26 / 27 met price target | 4%upside $50 | Overweight Reiterated | 10 Sept 2024 |
Financial journalist opinion
Based on 13 articles about TFC published over the past 30 days
