Abc Arbitrage 13F: Exits Truist Financial (TFC) Stake

Abc Arbitrage closed out its entire investment in Truist Financial Corporation TFC by selling all 99,790 shares it held. According to a Form 13F filing with the SEC on October 23, 2026, the fund completely exited the position, reducing its stake by 100%.

TFC Truist Financial Corporation

$48.44 ▲ +0.39% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Abc Arbitrage's Truist Financial Corporation Position

The fund parted ways with its entire holding of 99,790 shares in Truist Financial Corporation TFC. This complete sell-out brought its ending share count to zero, down from the 99,790 shares held prior to the filing.

Other Institutional Activity in Truist Financial Corporation

Auto-Owners Insurance also closed out its position entirely, selling 288,000 shares to end with zero holdings as of October 15, 2026. Meanwhile, Capital International Investors grew its holdings by 8,831,244 shares, ending with 93,340,762 shares worth about $4.52 billion as of June 30, 2026. Victory Capital Management Inc. cut its stake by 41.7%, selling 11,235,772 shares to finish with 15,702,067 shares valued at roughly $760.61 million as of June 30, 2026.

Truist Financial Corporation Stock Up 1.5%

Shares of Truist Financial Corporation TFC recently traded around $48.45 as of October 24, 2026, roughly even with its close of $48.44 on the October 23, 2026 filing date. The stock sits below its 50-day moving average of $48.78 and below its 200-day moving average of $49.55. Over the past year, the shares have traded between a low of $43.13 and a high of $56.20.

Recent Earnings

Truist Financial Corporation TFC posted trailing twelve-month revenue of $18.28 billion and earnings of $3.88 per share. The regional bank recorded a net profit margin of 28.4% and a return on equity of 8.2%. The company's next earnings report is scheduled for January 20, 2027.

Dividend

The company pays an annual dividend rate of $2.08 per share, yielding 4.3%. The payout ratio stands at 47.8%.

Insider Buying and Selling at Truist Financial Corporation

Chief Executive Officer William H. Rogers Jr. sold 13,250 shares on July 20, 2026, at an average price of $52.36 for a total value of $693,810. Director K. David Boyer Jr. sold 3,986 shares on July 23, 2026, at an average price of $50.70 for a total value of $202,090. Officer Donta L. Wilson sold 13,280 shares on July 31, 2026, at an average price of $51.85 for a total value of $688,618. President and CEO Michael P. Lyons bought 21,000 shares on September 17, 2026, at an average price of $48.36 for a total value of $1,015,576.

Analysts Set New Price Targets

On October 5, 2026, UBS maintained its neutral rating while adjusting its price target to $50.00 from $55.00. On October 19, 2026, RBC Capital maintained its outperform rating and moved its target to $51.00 from $53.00. On October 19, 2026, Keefe, Bruyette & Woods maintained its market perform rating while shifting its target to $54.00 from $55.00. On October 20, 2026, Stephens & Co. kept its overweight rating and adjusted its target to $54.00 from $55.00. On October 21, 2026, Citigroup maintained a neutral rating and lowered its target to $50.00 from $54.00. The stock carries a consensus hold recommendation backed by 19 analyst opinions and a mean price target of $53.19.

About Truist Financial Corporation

Truist Financial Corporation provides banking and trust services for consumers, small businesses, and wholesale clients across the Southeastern and Mid-Atlantic regions of the United States. Its offerings range from standard checking and savings accounts to specialized money market options and certificates of deposit.

Bottom Line

Institutional investors continue to adjust their exposure to Truist Financial Corporation TFC amid changing market conditions. Observers will look ahead to the company's upcoming earnings release on January 20, 2027, for further insight into its financial performance.