Wellington Management Group LLP Cuts Stake in Triumph Financial, Inc. $TFIN

Key Points

• Wellington Management Group LLP significantly reduced its stake in Triumph Financial, Inc. by selling 226,555 shares, representing a 69.5% decrease, leaving it with approximately 99,454 shares valued at $5.75 million.
• Despite Wellington's sell-off, other institutional investors have increased their stakes, with notable rises from CWM LLC and GAMMA Investing LLC, indicating mixed interest in the company's stock.
• DA Davidson raised its price target for Triumph Financial from $56.00 to $63.00, although analysts currently maintain a consensus rating of "Hold" with an average target price of $70.75.

Wellington Management Group LLP cut its stake in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 69.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,454 shares of the company's stock after selling 226,555 shares during the quarter. Wellington Management Group LLP owned approximately 0.42% of Triumph Financial worth $5,748,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. First Trust Advisors LP grew its stake in shares of Triumph Financial by 10.7% in the fourth quarter. First Trust Advisors LP now owns 15,648 shares of the company's stock valued at $1,422,000 after acquiring an additional 1,513 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Triumph Financial by 7.6% in the fourth quarter. MetLife Investment Management LLC now owns 13,320 shares of the company's stock valued at $1,211,000 after acquiring an additional 946 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Triumph Financial by 2.1% in the fourth quarter. Stifel Financial Corp now owns 38,078 shares of the company's stock valued at $3,461,000 after acquiring an additional 785 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Triumph Financial by 185.4% in the fourth quarter. Hsbc Holdings PLC now owns 7,571 shares of the company's stock valued at $690,000 after acquiring an additional 4,918 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Triumph Financial by 14.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,198 shares of the company's stock valued at $1,291,000 after acquiring an additional 1,750 shares in the last quarter. 91.11% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Triumph Financial Price Performance

Shares of TFIN traded down $0.09 during mid-day trading on Friday, reaching $61.60. The company had a trading volume of 143,302 shares, compared to its average volume of 222,828. The company's 50 day simple moving average is $59.22 and its 200 day simple moving average is $58.86. Triumph Financial, Inc. has a 1-year low of $42.90 and a 1-year high of $110.58. 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 company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 139.99 and a beta of 1.29.

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

Analysts Set New Price Targets

Separately, DA Davidson increased 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 investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $70.75.

Triumph Financial 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.