Cramer Rosenthal Mcglynn LLC Sells 25,868 Shares of Truist Financial Corporation $TFC

Cramer Rosenthal Mcglynn LLC reduced its stake in Truist Financial Corporation (NYSE:TFC) by 8.7% in the third quarter, divesting 25,868 shares and now holding 270,929 shares valued at approximately $12.39 million. This sale comes as Truist reported a miss on earnings per share and revenue for the last quarter. Despite the sale, Truist maintains a “Moderate Buy” consensus rating from analysts, a $56.47 target price, a 4.3% dividend yield, and has authorized a $10 billion share buyback program.