Rep. Lloyd Smucker Sells Off Shares of Truist Financial Corporation (NYSE:TFC)

Representative Lloyd Smucker (Republican-Pennsylvania) recently sold shares of Truist Financial Corporation NYSE: TFC. In a filing disclosed on April 30th, the Representative disclosed that they had sold between $1,001 and $15,000 in Truist Financial stock on April 17th. The trade occurred in the Representative's "SALE OF SPOUSE INHERITED ASSETS" account.

Representative Lloyd Smucker also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Verizon Communications NYSE: VZ on 4/23/2026.
• Sold $1,001 - $15,000 in shares of ENB Financial OTCMKTS: ENBP on 4/23/2026.
• Sold $50,001 - $100,000 in shares of Fulton Financial NASDAQ: FULT on 4/23/2026.
• Sold $1,001 - $15,000 in shares of Prudential Financial NYSE: PRU on 4/23/2026.
• Sold $15,001 - $50,000 in shares of Wells Fargo & Company NYSE: WFC on 4/23/2026.
• Sold $100,001 - $250,000 in shares of Fulton Financial NASDAQ: FULT on 4/17/2026.

Truist Financial Stock Down 1.0%

Shares of NYSE TFC opened at $50.98 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. Truist Financial Corporation has a 52 week low of $38.27 and a 52 week high of $56.19. The firm's fifty day moving average is $48.10 and its 200 day moving average is $48.24. The company has a market cap of $63.26 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 0.88 and a beta of 0.92.

Truist Financial (NYSE:TFC - Get Free Report) last issued its earnings results on Friday, April 17th. The insurance provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.00 by $0.09. Truist Financial had a net margin of 18.14% and a return on equity of 9.55%. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.18 billion. During the same period in the previous year, the firm earned $0.87 earnings per share. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities research analysts expect that Truist Financial Corporation will post 4.52 earnings per share for the current year.

Truist Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 8th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, May 8th. Truist Financial's payout ratio is presently 51.61%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Kemnay Advisory Services Inc. bought a new stake in shares of Truist Financial during the 4th quarter valued at $25,000. Swiss RE Ltd. bought a new stake in shares of Truist Financial during the 4th quarter valued at $26,000. Valley Wealth Managers Inc. bought a new position in Truist Financial in the 3rd quarter worth about $28,000. McMillan Office Inc. bought a new position in Truist Financial in the 4th quarter worth about $31,000. Finally, Maseco LLP boosted its stake in Truist Financial by 53.8% in the 4th quarter. Maseco LLP now owns 652 shares of the insurance provider's stock worth $32,000 after purchasing an additional 228 shares in the last quarter. 71.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on TFC shares. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $58.00 target price on shares of Truist Financial in a research note on Tuesday, January 6th. Royal Bank Of Canada lifted their target price on shares of Truist Financial from $51.00 to $53.00 and gave the stock an "outperform" rating in a research note on Monday, April 20th. Piper Sandler lifted their target price on shares of Truist Financial from $50.00 to $53.00 and gave the stock a "neutral" rating in a research note on Thursday, January 22nd. TD Cowen lifted their target price on shares of Truist Financial from $59.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, January 22nd. Finally, Jefferies Financial Group reaffirmed a "mixed" rating and issued a $45.00 target price on shares of Truist Financial in a research note on Friday, April 17th. Nine equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $55.59.

Insider Transactions at Truist Financial

In related news, CAO Cynthia B. Powell sold 3,500 shares of the company's stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $52.49, for a total value of $183,715.00. Following the transaction, the chief accounting officer owned 667 shares in the company, valued at $35,010.83. The trade was a 83.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.15% of the stock is currently owned by insiders.

About Representative Smucker

Lloyd Smucker (Republican Party) is a member of the U.S. House, representing Pennsylvania's 11th Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2027. Smucker (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 11th Congressional District. He declared candidacy for the 2026 election. Smucker attended Franklin and Marshall and Lebanon Valley Colleges. His professional experience includes owning his own construction company from 1981 to 2005.

About Truist Financial

Truist Financial Corporation is an American bank holding company that provides a broad range of financial services through its primary subsidiary, Truist Bank, and other operating units. The company offers traditional retail banking products and services such as deposit accounts, consumer and residential mortgage lending, and credit and debit card services. Truist also serves commercial clients with middle-market and corporate lending, treasury and payment solutions, and specialty finance products.

Beyond core banking, Truist operates wealth management, asset management, insurance and capital markets businesses.

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