Principal Financial Group Inc. Has $8.26 Million Stock Holdings in Triumph Financial, Inc. (NASDAQ:TFIN)

Principal Financial Group Inc. decreased its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 16.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 103,792 shares of the company's stock after selling 20,289 shares during the period. Principal Financial Group Inc. owned 0.44% of Triumph Financial worth $8,256,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC increased its position in Triumph Financial by 258.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,630,607 shares of the company's stock worth $215,052,000 after buying an additional 1,896,348 shares during the period. Thrivent Financial for Lutherans increased its position in Triumph Financial by 7.5% during the second quarter. Thrivent Financial for Lutherans now owns 1,142,820 shares of the company's stock worth $93,425,000 after acquiring an additional 79,777 shares during the period. Envestnet Asset Management Inc. increased its position in Triumph Financial by 108.3% during the second quarter. Envestnet Asset Management Inc. now owns 149,150 shares of the company's stock worth $12,193,000 after acquiring an additional 77,546 shares during the period. American Century Companies Inc. boosted its holdings in Triumph Financial by 12.6% in the 2nd quarter. American Century Companies Inc. now owns 570,688 shares of the company's stock valued at $46,654,000 after purchasing an additional 63,760 shares during the period. Finally, Sei Investments Co. grew its position in shares of Triumph Financial by 96.7% during the 2nd quarter. Sei Investments Co. now owns 89,974 shares of the company's stock worth $7,355,000 after purchasing an additional 44,233 shares in the last quarter. Institutional investors and hedge funds own 91.11% of the company's stock.

Insider Buying and Selling at Triumph Financial

In related news, CEO Aaron P. Graft sold 13,500 shares of the stock in a transaction that occurred 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 owns 151,533 shares of the company's stock, valued at $16,117,049.88. This represents a 8.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.15% of the company's stock.

Wall Street Analyst Weigh In

TFIN has been the subject of a number of analyst reports. 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. DA Davidson lifted their price objective on Triumph Financial from $74.00 to $84.00 and gave the company a "neutral" rating in a report on Friday, October 18th. 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 has an average rating of "Hold" and an average price target of $71.60.

Triumph Financial Price Performance

Shares of NASDAQ TFIN traded down $0.27 during trading hours on Wednesday, hitting $90.88. 54,168 shares of the stock were exchanged, compared to its average volume of 152,277. The company's fifty day simple moving average is $97.53 and its two-hundred day simple moving average is $87.61. The company has a market cap of $2.13 billion, a PE ratio of 116.51 and a beta of 1.21. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99. Triumph Financial, Inc. has a 1-year low of $66.85 and a 1-year high of $110.58.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last issued its earnings results on Wednesday, October 16th. The company reported $0.19 earnings per share for the quarter, beating 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 firm had revenue of $125.57 million for the quarter, compared to the consensus estimate of $106.29 million. During the same quarter last year, the business posted $0.51 EPS. On average, sell-side analysts predict that Triumph Financial, Inc. will post 0.62 EPS for the current year.

Triumph Financial Company Profile

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.