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Concord Asset Management LLC VA Purchases 55,237 Shares of Truist Financial Corporation $TFC
Concord Asset Management LLC VA significantly increased its stake in Truist Financial Corporation, purchasing an additional 55,237 shares to bring its total holdings to 65,686 shares valued at $3.23 million. Truist Financial reported strong quarterly earnings, beating expectations with $1.09 EPS and $5.20 billion in revenue, and maintains a “Moderate Buy” consensus rating from analysts with a target price of $55.41. The company also declared a quarterly dividend of $0.52 per share, offering an annualized yield of 4.1%.