Legal & General Group Plc Purchases Shares of 50,188 Triumph Financial, Inc. $TFIN

Legal & General Group Plc purchased a new stake in Triumph Financial, Inc. (NYSE:TFIN - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 50,188 shares of the company's stock, valued at approximately $3,829,000. Legal & General Group Plc owned about 0.21% of Triumph Financial as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Royal Bank of Canada increased its position in Triumph Financial by 73.8% during the 1st quarter. Royal Bank of Canada now owns 27,541 shares of the company's stock worth $1,592,000 after buying an additional 11,694 shares during the period. AQR Capital Management LLC raised its stake in Triumph Financial by 45.2% in the 1st quarter. AQR Capital Management LLC now owns 5,760 shares of the company's stock worth $333,000 after purchasing an additional 1,794 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Triumph Financial by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the company's stock worth $759,000 after purchasing an additional 564 shares in the last quarter. Norges Bank bought a new stake in Triumph Financial in the 2nd quarter valued at about $304,000. Finally, First Trust Advisors LP grew its position in shares of Triumph Financial by 59.8% during the 2nd quarter. First Trust Advisors LP now owns 24,198 shares of the company's stock worth $1,334,000 after purchasing an additional 9,052 shares in the last quarter. 91.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TFIN has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of Triumph Financial from $78.00 to $88.00 and gave the company a "market perform" rating in a research report on Thursday, July 23rd. DA Davidson raised their target price on shares of Triumph Financial from $65.00 to $82.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Triumph Financial in a report on Friday, August 7th. Zacks Research lowered shares of Triumph Financial from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 28th. Finally, B. Riley Financial lifted their price objective on shares of Triumph Financial from $70.00 to $82.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. Six research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Triumph Financial presently has an average rating of "Hold" and an average target price of $85.00.

Triumph Financial Stock Up 0.9%

Shares of NYSE:TFIN opened at $69.43 on Friday. Triumph Financial, Inc. has a 52-week low of $46.43 and a 52-week high of $83.52. The company has a market capitalization of $1.66 billion, a PE ratio of 46.91 and a beta of 1.37. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.01 and a current ratio of 1.01. The company has a fifty day moving average of $75.99 and a 200-day moving average of $68.50.

Triumph Financial (NYSE:TFIN - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $0.44 earnings per share for the quarter, hitting analysts' consensus estimates of $0.44. The business had revenue of $120.24 million for the quarter, compared to analyst estimates of $114.67 million. Triumph Financial had a return on equity of 4.69% and a net margin of 7.17%. On average, equities analysts predict that Triumph Financial, Inc. will post 1.93 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Adam Nelson sold 3,750 shares of Triumph Financial stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $79.05, for a total transaction of $296,437.50. Following the sale, the executive vice president directly owned 23,755 shares in the company, valued at $1,877,832.75. This trade represents a 13.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Edward Schreyer sold 2,900 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $73.75, for a total transaction of $213,875.00. Following the sale, the executive vice president directly owned 15,534 shares in the company, valued at $1,145,632.50. The trade was a 15.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.51% of the stock is owned by company insiders.

Triumph Financial Company Profile

Triumph Financial, Inc NYSE: TFIN is a financial holding company that operates through its banking subsidiary to provide commercial banking and related financial services. The company focuses on delivering deposit, lending and payment solutions customary to community-oriented banks and regional financial institutions.

Products and services typically offered include commercial and consumer lending, residential mortgage origination and servicing, deposit accounts, cash management and treasury services, and other fee-based banking products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source