Sheaff Brock Investment Advisors increased its Truist Financial stake and the company beat earnings estimates, announcing a dividend.

Sheaff Brock Investment Advisors LLC increased its stake in Truist Financial Co. by 4,518 shares, totaling 207,775 shares, worth $8.72 million. The company reported earnings of $0.97 per share, surpassing estimates and announced a $0.52 quarterly dividend. Analysts provided mixed ratings, with an average "Hold" and a consensus target price of $46.37. Institutional investors collectively own 71.28% of Truist Financial's stock.

November 14, 2024
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