Russell Investments Group Ltd. Grows Stock Holdings in Triumph Financial, Inc. $TFIN

Key Points

• Russell Investments Group Ltd. increased its stake in Triumph Financial by 33.7% during the first quarter, owning 112,983 shares worth approximately $6.53 million at the end of the quarter.
• Several major investors, including Bank of America Corp DE and Northern Trust Corp, significantly raised their holdings in Triumph Financial, with institutional investors now holding 91.11% of the stock.
• Analysts have mixed ratings for Triumph Financial, with a consensus target price of $70.75, though analysts have lowered some price objectives in recent reports.

Russell Investments Group Ltd. raised its position in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 33.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 112,983 shares of the company's stock after acquiring an additional 28,507 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.48% of Triumph Financial worth $6,530,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. CWM LLC grew its stake in shares of Triumph Financial by 48.0% in the first quarter. CWM LLC now owns 589 shares of the company's stock worth $34,000 after purchasing an additional 191 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Triumph Financial by 84.7% during the first quarter. GAMMA Investing LLC now owns 698 shares of the company's stock valued at $40,000 after buying an additional 320 shares during the period. NBC Securities Inc. raised its holdings in shares of Triumph Financial by 88,233.3% during the first quarter. NBC Securities Inc. now owns 2,650 shares of the company's stock valued at $153,000 after acquiring an additional 2,647 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Triumph Financial during the fourth quarter valued at approximately $219,000. Finally, Balyasny Asset Management L.P. purchased a new stake in Triumph Financial in the fourth quarter worth $237,000. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

Triumph Financial Stock Performance

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

Triumph Financial (NASDAQ:TFIN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The company reported $0.15 earnings per share for the quarter, topping 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, analysts forecast that Triumph Financial, Inc. will post 1.08 EPS for the current year.

Analysts Set New Price Targets

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

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.