Charles Schwab Investment Management Inc. Purchases 7,021 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

Charles Schwab Investment Management Inc. grew its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 195,532 shares of the company's stock after acquiring an additional 7,021 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.84% of Triumph Financial worth $15,553,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in Triumph Financial by 122.7% in the third quarter. Blue Trust Inc. now owns 470 shares of the company's stock valued at $38,000 after acquiring an additional 259 shares during the period. KBC Group NV lifted its stake in shares of Triumph Financial by 46.4% in the 3rd quarter. KBC Group NV now owns 798 shares of the company's stock worth $63,000 after purchasing an additional 253 shares during the period. nVerses Capital LLC boosted its holdings in shares of Triumph Financial by 200.0% in the second quarter. nVerses Capital LLC now owns 900 shares of the company's stock worth $74,000 after buying an additional 600 shares during the last quarter. Profund Advisors LLC purchased a new position in shares of Triumph Financial in the second quarter worth approximately $209,000. Finally, LMR Partners LLP bought a new stake in Triumph Financial during the third quarter valued at approximately $225,000. 91.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Triumph Financial news, CEO Aaron P. Graft sold 13,500 shares of Triumph Financial stock in a transaction on Friday, November 29th. The shares were sold at an average price of $106.36, for a total value of $1,435,860.00. Following the completion of the transaction, the chief executive officer now directly owns 151,533 shares of the company's stock, valued at $16,117,049.88. This trade represents a 8.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 6.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TFIN. DA Davidson increased their price target on shares of Triumph Financial from $74.00 to $84.00 and gave the stock a "neutral" rating in a research report on Friday, October 18th. B. Riley reaffirmed a "neutral" rating and issued a $65.00 target price on shares of Triumph Financial in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $71.60.

Triumph Financial Price Performance

Shares of TFIN traded up $1.61 during mid-day trading on Friday, reaching $104.22. The stock had a trading volume of 68,422 shares, compared to its average volume of 127,152. The business has a fifty day moving average of $92.32 and a 200 day moving average of $85.02. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 133.62 and a beta of 1.21. Triumph Financial, Inc. has a 12 month low of $66.85 and a 12 month high of $110.58.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.02. Triumph Financial had a return on equity of 2.64% and a net margin of 4.47%. The company had revenue of $125.57 million for the quarter, compared to analysts' expectations of $106.29 million. During the same period in the previous year, the firm earned $0.51 EPS. Equities analysts predict that Triumph Financial, Inc. will post 0.62 EPS for the current year.

About Triumph Financial

Triumph Financial, Inc, a financial holding company, provides various payments, factoring, and banking services in the United States. It operates through Banking, Factoring, and Payments segments. The company offers deposit products, including checking, savings, money market and certificates of deposit; and loan products, such as commercial real estate, land, commercial construction and land development, residential real estate, commercial agriculture, and consumer loans, as well as commercial and industrial loans, equipment loans, asset-based loans, business loans for working capital and operational purposes, and liquid credit loans.