SG Americas Securities LLC Has $934,000 Stake in Triumph Financial, Inc. (NASDAQ:TFIN)

SG Americas Securities LLC grew its stake in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 759.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,742 shares of the company's stock after buying an additional 10,376 shares during the quarter. SG Americas Securities LLC owned 0.05% of Triumph Financial worth $934,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Arizona State Retirement System grew its stake in shares of Triumph Financial by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 6,205 shares of the company's stock worth $507,000 after acquiring an additional 124 shares in the last quarter. Callan Family Office LLC boosted its holdings in shares of Triumph Financial by 1.1% during the 2nd quarter. Callan Family Office LLC now owns 11,667 shares of the company's stock worth $954,000 after buying an additional 126 shares during the period. Texas Permanent School Fund Corp grew its stake in Triumph Financial by 0.8% in the 1st quarter. Texas Permanent School Fund Corp now owns 18,866 shares of the company's stock valued at $1,496,000 after buying an additional 153 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in Triumph Financial by 1.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company's stock valued at $891,000 after acquiring an additional 200 shares during the period. Finally, Federated Hermes Inc. lifted its position in Triumph Financial by 8.1% during the second quarter. Federated Hermes Inc. now owns 3,504 shares of the company's stock worth $286,000 after acquiring an additional 264 shares during the last quarter. Institutional investors own 91.11% of the company's stock.

Insider Buying and Selling at Triumph Financial

In related news, COO Edward Joseph Schreyer sold 6,128 shares of the firm's stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $81.41, for a total transaction of $498,880.48. Following the sale, the chief operating officer now owns 39,698 shares of the company's stock, valued at $3,231,814.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 6.15% of the company's stock.

Triumph Financial Price Performance

Shares of TFIN traded up $2.57 during midday trading on Friday, hitting $79.07. The company's stock had a trading volume of 95,767 shares, compared to its average volume of 156,462. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. Triumph Financial, Inc. has a one year low of $56.91 and a one year high of $95.46. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 60.36 and a beta of 1.20. The company's fifty day simple moving average is $80.61 and its two-hundred day simple moving average is $78.82.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last posted its earnings results on Wednesday, July 17th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.13). The company had revenue of $124.18 million during the quarter, compared to the consensus estimate of $103.43 million. Triumph Financial had a return on equity of 3.57% and a net margin of 6.05%. During the same period last year, the company posted $0.29 EPS. As a group, equities analysts expect that Triumph Financial, Inc. will post 0.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

TFIN has been the topic of a number of recent research reports. DA Davidson increased their target price on Triumph Financial from $68.00 to $74.00 and gave the stock a "neutral" rating in a research note on Friday, July 19th. Stephens reiterated an "equal weight" rating and issued a $74.00 price objective on shares of Triumph Financial in a research note on Thursday, July 18th. Piper Sandler increased their target price on shares of Triumph Financial from $60.00 to $65.00 and gave the stock an "underweight" rating in a research report on Friday, July 19th. B. Riley reiterated a "neutral" rating and issued a $65.00 price target on shares of Triumph Financial in a research report on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods lowered Triumph Financial from a "market perform" rating to an "underperform" rating and reduced their target price for the stock from $75.00 to $70.00 in a report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat.com, Triumph Financial currently has an average rating of "Hold" and a consensus target price of $69.60.

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.