Triumph Financial, Inc. $TFIN Stake Lessened by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. reduced its holdings in Triumph Financial, Inc. by 31.6% in Q1, owning 87,439 shares worth about $5 million after selling 40,451 shares.
• Other institutional investors, including CWM LLC and NBC Securities Inc., significantly increased their stakes, with one increasing ownership by 88,233.3%.
• Triumph Financial reported a Q2 earnings per share of $0.15, surpassing expectations, and has a market capitalization of $1.38 billion.

Goldman Sachs Group Inc. lowered its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 31.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 87,439 shares of the company's stock after selling 40,451 shares during the period. Goldman Sachs Group Inc. owned approximately 0.37% of Triumph Financial worth $5,054,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. CWM LLC raised its position in Triumph Financial by 48.0% during the first quarter. CWM LLC now owns 589 shares of the company's stock valued at $34,000 after purchasing an additional 191 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Triumph Financial by 2.1% in the 1st quarter. Victory Capital Management Inc. now owns 9,867 shares of the company's stock worth $570,000 after acquiring an additional 205 shares during the last quarter. Comerica Bank raised its stake in Triumph Financial by 3.5% during the 1st quarter. Comerica Bank now owns 7,903 shares of the company's stock valued at $457,000 after buying an additional 269 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Triumph Financial by 84.7% in the 1st quarter. GAMMA Investing LLC now owns 698 shares of the company's stock worth $40,000 after purchasing an additional 320 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Triumph Financial by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,574 shares of the company's stock worth $1,143,000 after buying an additional 467 shares during the period. Institutional investors own 91.11% of the company's stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson raised their price objective 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 analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $70.75.

Insider Buying and Selling at Triumph Financial

In other Triumph Financial news, CEO Aaron P. Graft sold 6,500 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $60.18, for a total transaction of $391,170.00. Following the completion of the transaction, the chief executive officer directly owned 144,558 shares in the company, valued at approximately $8,699,500.44. This trade represents a 4.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Adam D. Nelson sold 3,500 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $60.39, for a total transaction of $211,365.00. Following the transaction, the executive vice president owned 27,832 shares of the company's stock, valued at $1,680,774.48. This trade represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.58% of the stock is currently owned by company insiders.

Triumph Financial Stock Down 4.2%

Shares of NASDAQ:TFIN traded down $2.47 during trading hours on Friday, reaching $56.83. The stock had a trading volume of 487,898 shares, compared to its average volume of 223,249. Triumph Financial, Inc. has a 1 year low of $42.90 and a 1 year high of $110.58. The firm's 50 day moving average is $59.06 and its 200-day moving average is $57.99. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 129.15 and a beta of 1.29.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last issued its earnings results on Wednesday, July 16th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.11. The business had revenue of $108.06 million during 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%. Research analysts predict that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.

About Triumph Financial

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.