American Century Companies Inc. Sells 79,949 Shares of Triumph Financial, Inc. $TFIN

Key Points

• American Century Companies Inc. has reduced its stake in Triumph Financial, Inc. by 10.2%, now owning approximately 3% of the company, valued at $40.59 million.
• Several institutional investors have increased their stakes in Triumph Financial, with NBC Securities Inc. raising their holding by 88,233.3% during the same quarter.
• Triumph Financial reported earnings of $0.15 per share, surpassing analyst estimates, and has a current average target price of $70.75.

American Century Companies Inc. trimmed its position in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 10.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 702,249 shares of the company's stock after selling 79,949 shares during the quarter. American Century Companies Inc. owned 3.00% of Triumph Financial worth $40,590,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Bank of America Corp DE increased its stake in shares of Triumph Financial by 478.3% in the fourth quarter. Bank of America Corp DE now owns 350,573 shares of the company's stock worth $31,860,000 after buying an additional 289,955 shares during the period. Northern Trust Corp increased its stake in shares of Triumph Financial by 7.6% in the fourth quarter. Northern Trust Corp now owns 227,875 shares of the company's stock worth $20,709,000 after buying an additional 16,061 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Triumph Financial by 3.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 206,865 shares of the company's stock worth $11,957,000 after buying an additional 7,794 shares during the period. Peregrine Capital Management LLC increased its stake in shares of Triumph Financial by 24.8% in the first quarter. Peregrine Capital Management LLC now owns 181,322 shares of the company's stock worth $10,480,000 after buying an additional 35,990 shares during the period. Finally, Diamond Hill Capital Management Inc. increased its stake in shares of Triumph Financial by 16.3% in the first quarter. Diamond Hill Capital Management Inc. now owns 165,914 shares of the company's stock worth $9,590,000 after buying an additional 23,244 shares during the period. 91.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, DA Davidson lifted their target price on shares of Triumph Financial from $56.00 to $63.00 and gave the stock a "neutral" rating in a research note on Friday, July 18th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $70.75.

Triumph Financial Trading Up 9.9%

NASDAQ:TFIN traded up $5.4390 during trading hours on Friday, hitting $60.1590. The company had a trading volume of 316,640 shares, compared to its average volume of 223,923. The company has a market capitalization of $1.43 billion, a PE ratio of 136.73 and a beta of 1.29. The stock has a 50-day moving average price of $58.59 and a 200 day moving average price of $59.50. Triumph Financial, Inc. has a 52 week low of $42.90 and a 52 week high of $110.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.96.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.11. The business had revenue of $108.06 million for the quarter, compared to analysts' expectations of $105.85 million. Triumph Financial had a net margin of 2.75% and a return on equity of 1.79%. On average, equities research analysts predict that Triumph Financial, Inc. will post 1.08 EPS for the current fiscal 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.