Levin Easterly Partners’ Latest Portfolio: Top 5 Stock Picks

3. Truist Financial Corporation (NYSE:TFC)

Levin Easterly Partners’ Stake Value: $26,440,000

Percentage of Levin Easterly Partners’ 13F Portfolio: 2.35%     

Number of Hedge Fund Holders(Q1): 36

Since disclosing its stake for the first time during the third quarter of 2021, Levin Easterly Partners has been increasing its holdings in Truist Financial Corporation (NYSE:TFC) every quarter. This consistent buying made the Charlotte, North Carolina-based bank with 150 years of history, Levin Easterly Partners’ third most loved stock at the end of June.

Unlike several other banking stocks, Truist Financial Corporation’s (NYSE:TFC) shares have recovered substantially since the global financial crisis and have returned 60% to shareholders through price appreciation alone in the last ten years. Truist Financial Corporation (NYSE:TFC) has a decades-long history of consistently paying dividends to its shareholders. As of August 2022, the bank pays an annual dividend of $2.08 per share, which translates to an annual dividend yield of 4.08% based on its current stock price.