Wellington Management Group LLP Cuts Position in Triumph Financial, Inc. (NASDAQ:TFIN)

Wellington Management Group LLP cut its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 16.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 326,009 shares of the company's stock after selling 64,378 shares during the quarter. Wellington Management Group LLP owned about 1.39% of Triumph Financial worth $29,628,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Triumph Financial by 11.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,234 shares of the company's stock worth $5,201,000 after purchasing an additional 5,782 shares during the period. Sovereign s Capital Management LLC acquired a new position in shares of Triumph Financial during the 4th quarter worth $637,000. ProShare Advisors LLC grew its stake in shares of Triumph Financial by 44.5% during the 4th quarter. ProShare Advisors LLC now owns 6,657 shares of the company's stock worth $605,000 after purchasing an additional 2,049 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Triumph Financial by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,574 shares of the company's stock worth $1,143,000 after purchasing an additional 467 shares during the period. Finally, Deutsche Bank AG grew its stake in shares of Triumph Financial by 49.2% during the 4th quarter. Deutsche Bank AG now owns 20,633 shares of the company's stock worth $1,875,000 after purchasing an additional 6,800 shares during the period. 91.11% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Triumph Financial

In other news, Director Harrison B. Barnes bought 1,000 shares of Triumph Financial stock in a transaction on Tuesday, April 29th. The shares were bought at an average cost of $53.65 per share, for a total transaction of $53,650.00. Following the acquisition, the director now owns 21,565 shares in the company, valued at approximately $1,156,962.25. This trade represents a 4.86% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Davis R. Deadman acquired 1,500 shares of the business's stock in a transaction dated Friday, April 25th. The shares were bought at an average price of $53.50 per share, for a total transaction of $80,250.00. Following the completion of the acquisition, the director now owns 10,220 shares in the company, valued at approximately $546,770. This trade represents a 17.20% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 4,008 shares of company stock worth $208,380. Corporate insiders own 5.58% of the company's stock.

Triumph Financial Price Performance

NASDAQ TFIN traded down $0.48 during trading hours on Monday, reaching $57.29. The company's stock had a trading volume of 149,597 shares, compared to its average volume of 174,874. The stock has a market cap of $1.34 billion, a PE ratio of 106.09 and a beta of 1.27. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The company's 50-day moving average is $55.09 and its two-hundred day moving average is $73.53. Triumph Financial, Inc. has a fifty-two week low of $42.90 and a fifty-two week high of $110.58.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last released its earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). The firm had revenue of $101.57 million during the quarter, compared to analysts' expectations of $104.49 million. Triumph Financial had a net margin of 3.30% and a return on equity of 1.93%. During the same quarter last year, the company posted $0.14 earnings per share. Analysts forecast that Triumph Financial, Inc. will post 1.08 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on TFIN. B. Riley reissued a "neutral" rating and issued a $55.00 price objective (down from $65.00) on shares of Triumph Financial in a research note on Wednesday, April 23rd. DA Davidson lowered their price objective on shares of Triumph Financial from $68.00 to $56.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Triumph Financial from $68.00 to $56.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $68.20.

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.