Vanguard Group Inc. Reduces Stock Position in Triumph Financial, Inc. $TFIN

Key Points

• Vanguard Group Inc. reduced its stake in Triumph Financial, Inc. by 1.6%, owning 1,994,551 shares worth approximately $115.29 million as of the latest quarter.
• Other firms, including Bank of America Corp DE and Hsbc Holdings PLC, significantly increased their investments in Triumph Financial during the recent quarters.
• Triumph Financial reported an EPS of $0.15 for the quarter, exceeding estimates, and analysts anticipate an EPS of 1.08 for the current year.

Vanguard Group Inc. lowered its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 1.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,994,551 shares of the company's stock after selling 32,869 shares during the period. Vanguard Group Inc. owned approximately 8.52% of Triumph Financial worth $115,285,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted 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 buying an additional 320 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of Triumph Financial in the 4th quarter worth approximately $219,000. Hsbc Holdings PLC boosted its stake in shares of Triumph Financial by 185.4% in the 4th quarter. Hsbc Holdings PLC now owns 7,571 shares of the company's stock worth $690,000 after buying an additional 4,918 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Triumph Financial by 478.3% in the 4th 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 last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of Triumph Financial by 13.1% in the 1st quarter. New York State Common Retirement Fund now owns 75,021 shares of the company's stock worth $4,336,000 after buying an additional 8,670 shares during the last quarter. Hedge funds and other institutional investors own 91.11% of the company's stock.

Analysts Set New Price Targets

Separately, DA Davidson boosted their target price on Triumph Financial from $56.00 to $63.00 and gave the stock a "neutral" rating in a research note on Friday, July 18th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Triumph Financial currently has an average rating of "Hold" and a consensus target price of $70.75.

Insider Activity at Triumph Financial

In related news, EVP Adam D. Nelson sold 3,500 shares of the company's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $60.39, for a total value of $211,365.00. Following the transaction, the executive vice president owned 27,832 shares in the company, valued at approximately $1,680,774.48. This represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Aaron P. Graft sold 6,500 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $60.18, for a total value of $391,170.00. Following the sale, the chief executive officer owned 144,558 shares in the company, valued at approximately $8,699,500.44. This represents a 4.30% decrease in their position. The disclosure for this sale can be found here. 5.58% of the stock is currently owned by corporate insiders.

Triumph Financial Stock Performance

Triumph Financial stock traded up $0.25 during trading on Wednesday, hitting $62.29. The stock had a trading volume of 221,443 shares, compared to its average volume of 223,787. Triumph Financial, Inc. has a 1 year low of $42.90 and a 1 year high of $110.58. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.05. The stock's 50 day moving average is $58.94 and its two-hundred day moving average is $59.17. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 141.58 and a beta of 1.29.

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