News
Insider spends $2.5 million buying more Truist Financial shares
Truist Financial Corporation (NYSE:TFC) Shareholders (or potential shareholders) will be happy to see that Executive Chairman and CEO William Rogers recently purchased a whopping $2.5 million worth of shares at a price of $43.96. While this only increased the size of his holding by 5.3%, it’s still a big swing by our standards.
See our latest analysis for Truist Financial
Truist Financial’s Insider Transactions in the Last Year
Notably, this recent purchase by William Rogers is the largest insider purchase of Truist Financial shares that we have seen in the last year. So it is clear that an insider wanted to buy at around the current price of $44.42. While their view may have changed since the purchase was made, it at least suggests that they had confidence in the future of the company. If someone buys shares well below current prices, it is a good sign on the balance sheet, but keep in mind that they may no longer see value. The good news for Truist Financial shareholders is that an insider was buying at around the current price. William Rogers was the only individual insider to buy shares in the last twelve months.
William Rogers bought a total of 67.30K shares over the year at an average price of $41.60. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the chart below, you can see the precise details of each insider transaction!
insider trading volume
There are many other companies that have insiders buying shares. You probably have no I want to lose this free list of undervalued small cap companies that insiders are buying.
Internal property
Looking at the total insider ownership in a company can help inform your view of whether they are well aligned with common shareholders. High insider ownership generally makes company leadership more aware of shareholder interests. It’s great to see that Truist Financial insiders own 0.2% of the company, worth about $117 million. I like seeing this level of insider ownership because it increases the likelihood that management has the best interests of shareholders at heart.
So what does this data suggest about Truist Financial Insiders?
It’s certainly positive to see the recent insider buying. And a look at the transactions over the last year also gives us confidence. But on the other hand, the company has made a loss over the last year, which makes us a bit cautious. Once you consider the high insider ownership, it certainly seems like insiders are positive about Truist Financial. It looks promising! So, these insider transactions can help us build a thesis on the stock, but it’s also worth knowing the risks this company faces. Every company has risks, and we’ve identified them 1 warning sign for Truist Financial you should know about.
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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently count open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our aim is to bring you long-term focused analysis, driven by fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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