Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Truist Financial Co. NYSE: TFC. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in Truist Financial stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
- Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
- Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
- Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
- Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
Truist Financial Stock Up 0.2%
Shares of Truist Financial stock traded up $0.09 on Tuesday, reaching $41.21. The stock had a trading volume of 827,444 shares, compared to its average volume of 9,276,675. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $53.96 billion, a P/E ratio of 12.37, a P/E/G ratio of 1.63 and a beta of 0.83. Truist Financial Co. has a 1 year low of $33.56 and a 1 year high of $49.06. The company has a 50 day moving average price of $38.82 and a 200 day moving average price of $43.29.
Truist Financial (NYSE:TFC - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The insurance provider reported $0.87 earnings per share for the quarter, hitting the consensus estimate 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 return on equity of 9.32% and a net margin of 15.59%. During the same period last year, the firm earned $0.90 EPS. As a group, equities research analysts forecast that Truist Financial Co. will post 4 EPS for the current year.
Truist Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 9th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date of this dividend is Friday, May 9th. Truist Financial's dividend payout ratio (DPR) is currently 61.36%.
Hedge Funds Weigh In On Truist Financial
Institutional investors and hedge funds have recently bought and sold shares of the stock. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Truist Financial by 4.4% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 38,478 shares of the insurance provider's stock worth $1,583,000 after purchasing an additional 1,634 shares in the last quarter. National Pension Service boosted its holdings in shares of Truist Financial by 5.9% during the first quarter. National Pension Service now owns 3,118,640 shares of the insurance provider's stock valued at $128,332,000 after acquiring an additional 172,599 shares during the period. Klingman & Associates LLC raised its stake in Truist Financial by 2.2% during the 1st quarter. Klingman & Associates LLC now owns 11,756 shares of the insurance provider's stock valued at $484,000 after acquiring an additional 248 shares in the last quarter. Regal Partners Ltd raised its position in shares of Truist Financial by 37.9% during the 1st quarter. Regal Partners Ltd now owns 917,804 shares of the insurance provider's stock worth $37,768,000 after buying an additional 252,023 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Truist Financial by 4.9% during the 1st quarter. Russell Investments Group Ltd. now owns 432,277 shares of the insurance provider's stock valued at $17,738,000 after purchasing an additional 20,141 shares in the last quarter. Institutional investors and hedge funds own 71.28% of the company's stock.
Analyst Upgrades and Downgrades
TFC has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their target price on Truist Financial from $48.00 to $42.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Morgan Stanley reduced their target price on shares of Truist Financial from $50.00 to $43.00 and set an "equal weight" rating for the company in a research report on Monday, April 7th. Keefe, Bruyette & Woods dropped their price objective on shares of Truist Financial from $53.00 to $47.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. Robert W. Baird raised Truist Financial from a "neutral" rating to an "outperform" rating and increased their price target for the company from $48.00 to $52.00 in a report on Wednesday, March 5th. Finally, Argus set a $43.00 target price on Truist Financial in a research note on Monday, April 21st. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $48.06.
Check Out Our Latest Report on Truist Financial
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
About Truist Financial
(
Get Free Report)
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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