Russell Investments Group Ltd. lowered its position in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 11.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,476 shares of the company's stock after selling 11,385 shares during the quarter. Russell Investments Group Ltd. owned about 0.36% of Triumph Financial worth $7,677,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of TFIN. Vanguard Group Inc. increased its holdings in shares of Triumph Financial by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 2,027,420 shares of the company's stock worth $184,252,000 after buying an additional 24,868 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Triumph Financial by 1.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,175,616 shares of the company's stock worth $106,840,000 after acquiring an additional 19,286 shares during the last quarter. American Century Companies Inc. increased its stake in Triumph Financial by 34.0% during the fourth quarter. American Century Companies Inc. now owns 782,198 shares of the company's stock worth $71,086,000 after acquiring an additional 198,611 shares during the last quarter. Geode Capital Management LLC raised its position in Triumph Financial by 1.7% in the third quarter. Geode Capital Management LLC now owns 518,112 shares of the company's stock valued at $41,218,000 after purchasing an additional 8,609 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Triumph Financial by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 199,071 shares of the company's stock valued at $18,092,000 after purchasing an additional 3,539 shares during the last quarter. 91.11% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
TFIN has been the topic of several research analyst reports. Stephens restated an "equal weight" rating and issued a $109.00 price objective on shares of Triumph Financial in a report on Thursday, January 23rd. Keefe, Bruyette & Woods raised shares of Triumph Financial from an "underperform" rating to a "market perform" rating and reduced their price target for the company from $80.00 to $74.00 in a research note on Thursday, February 27th. Finally, DA Davidson decreased their price objective on shares of Triumph Financial from $100.00 to $82.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $79.00.
Get Our Latest Research Report on TFIN
Triumph Financial Stock Down 2.7 %
Shares of NASDAQ TFIN traded down $1.33 during midday trading on Friday, hitting $48.62. The company's stock had a trading volume of 1,033,324 shares, compared to its average volume of 169,472. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 90.04 and a beta of 1.18. The business's fifty day simple moving average is $61.22 and its two-hundred day simple moving average is $80.30. Triumph Financial, Inc. has a 1 year low of $42.90 and a 1 year high of $110.58.
Triumph Financial (NASDAQ:TFIN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). The business had revenue of $101.57 million during the quarter, compared to analyst estimates of $104.49 million. Triumph Financial had a return on equity of 1.93% and a net margin of 3.30%. During the same quarter last year, the firm earned $0.14 EPS. On average, equities analysts predict that Triumph Financial, Inc. will post 1.08 EPS for the current year.
About Triumph Financial
(
Free Report)
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.
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