Highland Capital Management LLC Sells 111,500 Shares of Truist Financial Corporation $TFC

Highland Capital Management LLC significantly reduced its stake in Truist Financial Corporation (NYSE:TFC) by selling 111,500 shares in Q4, retaining 15,828 shares valued at $779,000. Truist surpassed earnings expectations, reporting an EPS of $1.09 against a $1.00 consensus, and saw a 5% year-over-year revenue increase to $5.20 billion, with a net margin of 18.14% and ROE of 9.55%. The company declared a quarterly dividend of $0.52 per share, and analysts currently rate TFC as a “Moderate Buy” with an average price target of $55.59.

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