King Luther Capital Management Corp significantly increased its stake in Truist Financial Corporation (NYSE:TFC) by 94.2% in the third quarter, acquiring an additional 115,809 shares. This makes their total holdings 238,788 shares valued at $10.92 million. Concurrently, other hedge funds also adjusted their positions, and Truist Financial has seen insider selling from its CFO and a director, while analysts have issued a mix of “Buy” and “Hold” ratings with an average target price of $56.47.
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King Luther Capital Management Corp Acquires 115,809 Shares of Truist Financial Corporation $TFC
King Luther Capital Management Corp significantly increased its stake in Truist Financial Corporation (NYSE:TFC) by 94.2% in the third quarter, acquiring an additional 115,809 shares. This makes their total holdings 238,788 shares valued at $10.92 million. Concurrently, other hedge funds also adjusted their positions, and Truist Financial has seen insider selling from its CFO and a director, while analysts have issued a mix of “Buy” and “Hold” ratings with an average target price of $56.47.