Capital International Investors Reduces $1.2B in Truist Financial Corporation ($TFC)
Key Points
- Capital International Investors changed its Truist Financial Corporation ($TFC) stake by 22.0% last quarter, cutting to 84,512,937 shares worth $4.37 billion.
- $TFC last traded around $51.66.
Capital International Investors reduced its position in Truist Financial Corporation ($TFC) by 22.0% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,512,937 shares of Truist Financial Corporation after selling 23,845,227 shares during the quarter. Capital International Investors's holdings in Truist Financial Corporation were worth $4.37 billion as of its most recent filing.
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About Truist Financial Corporation
Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through two segments, Consumer and Small Business Banking; and Wholesale Banking. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts. The company also provides funding; asset management; credit card lending; home equity and mortgage lending; other direct retail lending; home mortgage lending; Investment brokerage services; mobile/online banking; payment solutions; point-of-sale lending; retail and small business deposit products; and small business lending. In addition, it offers asset-based lending, commercial deposit and treasury services; commercial lending; floor plan lending; derivatives; institutional trust services; insurance premium finance; international banking; investment banking and capital markets services; leasing; merchant services; mortgage warehouse lending; real estate lending; supply chain financing; and wealth management/private banking. The company was formerly known as BB&T Corporation and changed its name to Truist Financial Corporation in December 2019. Truist Financial Corporation was founded in 1872 and is headquartered in Charlotte, North Carolina.
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