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Truist Financial Corporation $TFC Shares Sold by Kanawha Capital Management LLC
Kanawha Capital Management LLC significantly reduced its stake in Truist Financial Corporation (NYSE:TFC) in Q4, selling 29,601 shares. Several company insiders, including CAO Cynthia B. Powell and CFO Michael Baron Maguire, also offloaded substantial amounts of TFC stock, materially lowering their personal holdings. Despite insider selling, Truist Financial reported strong Q1 earnings, beating analyst estimates, and maintains a “Moderate Buy” consensus rating with a 4.1% dividend yield.