Hotchkis & Wiley Capital Management Adds $35M in Truist Financial Corporation ($TFC)
Key Points
- Hotchkis & Wiley Capital Management changed its Truist Financial Corporation ($TFC) stake by 10.14% last quarter, boosting to 7,537,029 shares worth $375.49 million.
- $TFC last traded around $49.82.
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Hotchkis & Wiley Capital Management increased its position in Truist Financial Corporation ($TFC) by 10.14% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,537,029 shares of Truist Financial Corporation after buying 693,680 shares during the quarter. Hotchkis & Wiley Capital Management's holdings in Truist Financial Corporation were worth $375.49 million as of its most recent filing.
Truist Financial Corporation Stock Down 1.2%
Shares of Truist Financial Corporation ($TFC) traded around $49.82 on Saturday, down 1.2% for the day.
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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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