Truist Financial (NYSE:TFC) Shares Unloaded Rep. Dan Newhouse

Representative Dan Newhouse (R-Washington) recently sold shares of Truist Financial Co. NYSE: TFC. In a filing disclosed on May 16th, the Representative disclosed that they had sold between $1,001 and $15,000 in Truist Financial stock on April 11th. The trade occurred in the Representative's "EDWARD JONES IRA" account.

Representative Dan Newhouse also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Union Pacific NYSE: UNP on 4/11/2025.
• Sold $1,001 - $15,000 in shares of PayPal NASDAQ: PYPL on 4/11/2025.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Moody's NYSE: MCO on 4/11/2025.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Dollar General NYSE: DG on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Lowe's Companies NYSE: LOW on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 4/11/2025.
• Sold $1,001 - $15,000 in shares of BlackRock NYSE: BLK on 4/11/2025.

Truist Financial Trading Down 1.7%

TFC stock traded down $0.67 during mid-day trading on Friday, reaching $38.82. The company's stock had a trading volume of 1,210,092 shares, compared to its average volume of 8,220,396. The company has a market cap of $50.84 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 1.63 and a beta of 0.83. Truist Financial Co. has a 12 month low of $33.56 and a 12 month high of $49.06. The business's 50 day moving average price is $38.82 and its 200 day moving average price is $43.16. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61.

Truist Financial (NYSE:TFC - Get Free Report) last released its earnings results on Thursday, April 17th. The insurance provider reported $0.87 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.87. The company had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $4.99 billion. Truist Financial had a net margin of 15.59% and a return on equity of 9.32%. During the same quarter in the previous year, the company earned $0.90 EPS. On average, equities research analysts predict that Truist Financial Co. will post 4 EPS for the current year.

Truist Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 9th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 5.36%. The ex-dividend date is Friday, May 9th. Truist Financial's dividend payout ratio (DPR) is presently 61.36%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TFC shares. Citigroup dropped their price objective on shares of Truist Financial from $51.00 to $44.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. Piper Sandler lowered their target price on Truist Financial from $45.00 to $41.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Argus set a $43.00 price target on shares of Truist Financial in a research report on Monday, April 21st. TD Cowen began coverage on shares of Truist Financial in a research note on Thursday, May 15th. They set a "hold" rating and a $44.00 price target for the company. Finally, Raymond James lowered shares of Truist Financial from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $47.83.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. PBMares Wealth Management LLC grew its position in Truist Financial by 0.8% during the fourth quarter. PBMares Wealth Management LLC now owns 29,270 shares of the insurance provider's stock valued at $1,270,000 after buying an additional 224 shares during the period. Koshinski Asset Management Inc. lifted its position in shares of Truist Financial by 2.1% during the 4th quarter. Koshinski Asset Management Inc. now owns 10,825 shares of the insurance provider's stock valued at $470,000 after buying an additional 225 shares during the last quarter. Aaron Wealth Advisors LLC grew its stake in shares of Truist Financial by 3.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 7,712 shares of the insurance provider's stock worth $335,000 after acquiring an additional 227 shares during the period. FWG Holdings LLC increased its holdings in Truist Financial by 4.3% in the 4th quarter. FWG Holdings LLC now owns 5,694 shares of the insurance provider's stock worth $267,000 after acquiring an additional 234 shares during the last quarter. Finally, Klingman & Associates LLC increased its holdings in Truist Financial by 2.2% in the 1st quarter. Klingman & Associates LLC now owns 11,756 shares of the insurance provider's stock worth $484,000 after acquiring an additional 248 shares during the last quarter. Institutional investors own 71.28% of the company's stock.

About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington's 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington's 4th Congressional District. He won in the general election on November 5, 2024. Click here to see Newhouse's key votes in Congress. Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013. Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

About Truist Financial

Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings.Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.

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