Rep. Dan Newhouse Sells Off Shares of Truist Financial Corporation (NYSE:TFC)

Representative Dan Newhouse (R-Washington) recently sold shares of Truist Financial Corporation (NYSE:TFC). In a filing disclosed on January 15th, the Representative disclosed that they had sold between $1,001 and $15,000 in Truist Financial stock on December 11th. The trade occurred in the Representative’s “EDWARD JONES IRA” account.

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

• Purchased $1,001 – $15,000 in shares of Royal Caribbean Cruises (NYSE:RCL) on 12/31/2025.
• Purchased $1,001 – $15,000 in shares of Broadridge Financial Solutions (NYSE:BR) on 12/31/2025.
• Purchased $1,001 – $15,000 in shares of Synopsys (NASDAQ:SNPS) on 12/31/2025.
• Sold $1,001 – $15,000 in shares of Brown & Brown (NYSE:BRO) on 12/11/2025.
• Purchased $1,001 – $15,000 in shares of Charles Schwab (NYSE:SCHW) on 12/11/2025.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 12/11/2025.
• Purchased $1,001 – $15,000 in shares of T-Mobile US (NASDAQ:TMUS) on 12/11/2025.
• Purchased $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 12/11/2025.
• Purchased $1,001 – $15,000 in shares of Textron (NYSE:TXT) on 12/11/2025.
• Sold $1,001 – $15,000 in shares of Magna International (NYSE:MGA) on 12/11/2025.

Truist Financial Price Performance

TFC opened at $50.01 on Monday. The stock’s 50-day moving average price is $48.29 and its 200 day moving average price is $46.03. Truist Financial Corporation has a 12-month low of $33.56 and a 12-month high of $51.51. The firm has a market cap of $63.98 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 0.95 and a beta of 0.89. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.70.

Truist Financial (NYSE:TFC) last issued its quarterly earnings results on Friday, October 17th. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.05. Truist Financial had a net margin of 16.84% and a return on equity of 8.73%. The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.20 billion. During the same period in the prior year, the firm earned $0.97 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, sell-side analysts expect that Truist Financial Corporation will post 4 earnings per share for the current year.

Truist Financial declared that its board has initiated a stock buyback program on Tuesday, December 16th that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the insurance provider to reacquire up to 15.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Truist Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Friday, November 14th. Truist Financial’s payout ratio is currently 55.91%.

Analyst Ratings Changes

A number of research firms have issued reports on TFC. Wall Street Zen lowered shares of Truist Financial from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Evercore ISI raised Truist Financial from a “hold” rating to an “outperform” rating and upped their price objective for the stock from $49.00 to $58.00 in a research report on Tuesday, January 6th. Piper Sandler set a $48.00 target price on Truist Financial in a report on Monday, October 20th. TD Cowen boosted their target price on Truist Financial from $55.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Finally, Cowen restated a “buy” rating on shares of Truist Financial in a report on Wednesday, January 7th. Seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $52.80.

Institutional Investors Weigh In On Truist Financial

Institutional investors have recently added to or reduced their stakes in the business. Valley Wealth Managers Inc. purchased a new stake in shares of Truist Financial during the 3rd quarter worth approximately $28,000. Aspect Partners LLC raised its stake in Truist Financial by 71.5% during the 2nd quarter. Aspect Partners LLC now owns 643 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 268 shares in the last quarter. Ancora Advisors LLC lifted its position in Truist Financial by 259.1% in the third quarter. Ancora Advisors LLC now owns 693 shares of the insurance provider’s stock valued at $32,000 after acquiring an additional 500 shares during the last quarter. Darwin Wealth Management LLC lifted its position in Truist Financial by 631.6% in the third quarter. Darwin Wealth Management LLC now owns 695 shares of the insurance provider’s stock valued at $32,000 after acquiring an additional 600 shares during the last quarter. Finally, Princeton Global Asset Management LLC acquired a new position in Truist Financial in the second quarter valued at $30,000. Hedge funds and other institutional investors own 71.28% of the company’s stock.

Insider Activity at Truist Financial

In other news, Director K. David Jr. Boyer sold 5,160 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $46.45, for a total value of $239,682.00. Following the completion of the sale, the director directly owned 10,153 shares of the company’s stock, valued at approximately $471,606.85. The trade was a 33.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.17% 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 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.