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Alps Advisors Inc. Lowers Stake in Truist Financial Corporation $TFC
Alps Advisors Inc. decreased its holdings in Truist Financial Corporation (NYSE:TFC) by 10% in the third quarter, selling 60,220 shares and retaining 542,736 shares valued at $24.81 million. This comes as Truist missed quarterly earnings and revenue estimates, though the company announced a $0.52 quarterly dividend and authorized a $10 billion share buyback program. The stock currently has an average “Hold” rating from analysts.