Wellington Management Group LLP Trims Stock Holdings in Triumph Financial, Inc. (NASDAQ:TFIN)

Wellington Management Group LLP lessened its position in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 6.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 390,387 shares of the company's stock after selling 24,716 shares during the period. Wellington Management Group LLP owned approximately 1.67% of Triumph Financial worth $31,051,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. 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 purchasing an additional 1,896,348 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Triumph Financial by 1.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,156,330 shares of the company's stock valued at $91,975,000 after purchasing an additional 13,510 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Triumph Financial by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,047,240 shares of the company's stock valued at $85,607,000 after purchasing an additional 8,541 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Triumph Financial by 1.0% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 881,323 shares of the company's stock valued at $72,048,000 after purchasing an additional 8,990 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of 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 last quarter. Institutional investors own 91.11% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. DA Davidson upped their price objective on shares of Triumph Financial from $74.00 to $84.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. B. Riley reissued a "neutral" rating and set a $65.00 target price on shares of Triumph Financial in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $71.60.

Triumph Financial Stock Down 1.2 %

Shares of Triumph Financial stock traded down $1.25 during trading hours on Friday, reaching $99.31. The company's stock had a trading volume of 38,567 shares, compared to its average volume of 152,949. Triumph Financial, Inc. has a one year low of $66.85 and a one year high of $110.58. The company has a market capitalization of $2.32 billion, a P/E ratio of 128.92 and a beta of 1.21. The stock's fifty day simple moving average is $94.32 and its two-hundred day simple moving average is $85.63. 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 (NASDAQ:TFIN - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $125.57 million for the quarter, compared to analyst estimates of $106.29 million. Triumph Financial had a net margin of 4.47% and a return on equity of 2.64%. During the same period last year, the firm earned $0.51 earnings per share. On average, research analysts forecast that Triumph Financial, Inc. will post 0.62 earnings per share for the current year.

Insider Activity

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

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.