Truist Financial Stock Plummets 10.88% with 6.75 Billion Shares Traded Ranking 203rd in Volume

On April 3, 2025, Truist Financial (TFC) experienced a significant drop in its stock price, declining by 10.88%. The trading volume for the day was 6.75 billion, marking a 93.61% increase from the previous day, placing it at the 203rd position in terms of trading volume for the day.

Raymond James downgraded its outlook for Truist Financial from Outperform to Market Perform on April 2, 2025. This change in rating reflects a shift in the firm's sentiment towards the company. The downgrade comes as the number of institutional owners reporting positions in Truist Financial decreased by 36, or 1.75%, in the last quarter. Despite this decrease, the average portfolio weight of all funds dedicated to TFC increased by 1.59% to 0.42%. Additionally, the total shares owned by institutions increased by 2.90% to 1,240,708K shares over the last three months.

Several major institutional investors have adjusted their holdings in Truist Financial. Capital International Investors increased its stake in the company by 20.65%, now holding 90,618K shares, which represents 6.94% ownership. The firm also increased its portfolio allocation in TFC by 25.10% over the last quarter. Jpmorgan Chase, on the other hand, decreased its holdings by 6.79%, now owning 48,327K shares, which represents 3.70% ownership. The firm decreased its portfolio allocation in TFC by 6.93% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares decreased its holdings by 1.97%, now owning 41,676K shares, which represents 3.19% ownership. The firm decreased its portfolio allocation in TFC by 1.98% over the last quarter. Bank Of America decreased its holdings by 9.73%, now owning 38,237K shares, which represents 2.93% ownership. The firm decreased its portfolio allocation in TFC by 6.59% over the last quarter. VFINX - Vanguard 500 Index Fund Investor Shares increased its holdings by 2.40%, now owning 35,935K shares, which represents 2.75% ownership. The firm decreased its portfolio allocation in TFC by 1.68% over the last quarter.