Ameriprise Financial Inc. Has $22.85 Million Stake in Triumph Financial, Inc. (NASDAQ:TFIN)

Ameriprise Financial Inc. lowered its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 15.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 251,371 shares of the company's stock after selling 45,790 shares during the period. Ameriprise Financial Inc. owned approximately 1.07% of Triumph Financial worth $22,845,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Schonfeld Strategic Advisors LLC bought a new stake in Triumph Financial in the fourth quarter valued at about $849,000. Northern Trust Corp boosted its holdings in Triumph Financial by 7.6% during the fourth quarter. Northern Trust Corp now owns 227,875 shares of the company's stock valued at $20,709,000 after purchasing an additional 16,061 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Triumph Financial by 14.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,198 shares of the company's stock valued at $1,291,000 after purchasing an additional 1,750 shares during the period. Dark Forest Capital Management LP acquired a new position in shares of Triumph Financial in the 4th quarter worth approximately $410,000. Finally, Hsbc Holdings PLC boosted its position in Triumph Financial by 185.4% in the fourth quarter. Hsbc Holdings PLC now owns 7,571 shares of the company's stock valued at $690,000 after buying an additional 4,918 shares in the last quarter. Institutional investors own 91.11% of the company's stock.

Triumph Financial Stock Down 0.3%

TFIN stock traded down $0.18 during mid-day trading on Tuesday, reaching $61.50. The company had a trading volume of 29,364 shares, compared to its average volume of 218,070. Triumph Financial, Inc. has a 52 week low of $42.90 and a 52 week high of $110.58. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 113.90 and a beta of 1.27. 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 stock has a 50 day simple moving average of $55.68 and a two-hundred day simple moving average of $75.94.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last issued its earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). The firm had revenue of $101.57 million for 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 in the previous year, the firm posted $0.14 earnings per share. As a group, equities analysts predict that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TFIN shares. B. Riley reaffirmed a "neutral" rating and issued a $55.00 price objective (down from $65.00) on shares of Triumph Financial in a research note on Wednesday, April 23rd. Keefe, Bruyette & Woods reduced their price target on shares of Triumph Financial from $68.00 to $56.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. DA Davidson reduced their target price on Triumph Financial from $68.00 to $56.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Finally, Stephens reaffirmed an "equal weight" rating and set a $109.00 price target on shares of Triumph Financial in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $68.20.

Insider Activity at Triumph Financial

In other news, Director Davis R. Deadman bought 1,500 shares of the firm's stock in a transaction dated Friday, April 25th. The shares were bought at an average price of $53.50 per share, with a total value of $80,250.00. Following the completion of the transaction, the director now owns 10,220 shares of the company's stock, valued at $546,770. This trade represents a 17.20% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Debra A. Bradford bought 1,508 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were purchased at an average price of $49.39 per share, for a total transaction of $74,480.12. Following the purchase, the director now owns 3,348 shares of the company's stock, valued at $165,357.72. This trade represents a 81.96% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 4,008 shares of company stock worth $208,380. Insiders own 5.58% of the company's stock.

Triumph Financial 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.