Those following along with Truist Financial Corporation (NYSE:TFC) will no doubt be intrigued by the recent purchase of shares by William Rogers, CEO & Director of the company, who spent a stonking US$4.1m on stock at an average price of US$61.85. While that only increased their holding size by 6.7%, it is still a big swing by our standards.
See our latest analysis for Truist Financial
Truist Financial Insider Transactions Over The Last Year
Notably, that recent purchase by William Rogers is the biggest insider purchase of Truist Financial shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is US$63.58. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Truist Financial share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was William Rogers.
You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Truist Financial is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Truist Financial Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Truist Financial insiders own about US$242m worth of shares (which is 0.3% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Truist Financial Tell Us?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Truist Financial. Looks promising! Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Truist Financial.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using 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 account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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