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

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 Price Performance

Shares of NYSE:TFC opened at $50.98 on Friday. Truist Financial Corporation has a 52 week low of $38.27 and a 52 week high of $56.19. The company has a 50-day moving average price of $48.10 and a 200 day moving average price of $48.24. The company has a market cap of $63.26 billion, a P/E ratio of 12.65, a PEG ratio of 0.88 and a beta of 0.92. 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 (NYSE:TFC) last issued its earnings results on Friday, April 17th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.18 billion. Truist Financial had a return on equity of 9.55% and a net margin of 18.14%.The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 EPS. Research analysts predict that Truist Financial Corporation will post 4.52 earnings per share for the current year.

Truist Financial Dividend Announcement

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

Hedge Funds Weigh In On Truist Financial

Hedge funds and other institutional investors have recently bought and sold shares of the company. Independent Advisor Alliance increased its stake in shares of Truist Financial by 9.7% during the 3rd quarter. Independent Advisor Alliance now owns 329,093 shares of the insurance provider’s stock worth $15,046,000 after purchasing an additional 29,191 shares in the last quarter. Cullen Capital Management LLC lifted its stake in Truist Financial by 10.3% in the 3rd quarter. Cullen Capital Management LLC now owns 4,591,783 shares of the insurance provider’s stock valued at $209,936,000 after buying an additional 427,067 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in Truist Financial by 18.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 169,030 shares of the insurance provider’s stock valued at $7,728,000 after buying an additional 26,530 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in Truist Financial by 2.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 421,809 shares of the insurance provider’s stock worth $19,285,000 after buying an additional 10,706 shares in the last quarter. Finally, Versor Investments LP increased its position in Truist Financial by 64.4% during the third quarter. Versor Investments LP now owns 25,008 shares of the insurance provider’s stock worth $1,143,000 after buying an additional 9,800 shares in the last quarter. 71.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TFC shares. Raymond James Financial upped their price objective on Truist Financial from $50.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Robert W. Baird restated a “neutral” rating and set a $55.00 target price on shares of Truist Financial in a research report on Friday. Argus upped their price target on shares of Truist Financial from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. The Goldman Sachs Group reiterated a “buy” rating and issued a $58.00 price target on shares of Truist Financial in a report on Tuesday, January 6th. Finally, Barclays cut shares of Truist Financial from an “equal weight” rating to an “underweight” rating and raised their price objective for the company from $47.00 to $56.00 in a research note on Monday, January 5th. Nine research analysts have rated the stock with a Buy rating, five 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 “Moderate Buy” and a consensus target price of $55.59.

Insider Buying and Selling at Truist Financial

In other news, CAO Cynthia B. Powell sold 3,500 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $52.49, for a total value of $183,715.00. Following the sale, the chief accounting officer directly owned 667 shares in the company, valued at $35,010.83. This represents a 83.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is currently owned by company 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.

Truist Financial Company Profile

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.