Marshall Wace LLP Takes $2.15 Million Position in Triumph Financial, Inc. (NASDAQ:TFIN)

Marshall Wace LLP purchased a new position in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 23,685 shares of the company's stock, valued at approximately $2,152,000. Marshall Wace LLP owned 0.10% of Triumph Financial as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Legal & General Group Plc raised its position in shares of Triumph Financial by 1.3% in the 4th quarter. Legal & General Group Plc now owns 62,973 shares of the company's stock worth $5,723,000 after buying an additional 789 shares during the period. Bank of Montreal Can purchased a new position in shares of Triumph Financial in the 4th quarter worth about $219,000. Federated Hermes Inc. lifted its stake in shares of Triumph Financial by 4.3% in the 4th quarter. Federated Hermes Inc. now owns 3,578 shares of the company's stock valued at $325,000 after purchasing an additional 147 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Triumph Financial by 1.7% during the 4th quarter. Alliancebernstein L.P. now owns 24,836 shares of the company's stock worth $2,257,000 after purchasing an additional 405 shares during the period. Finally, Pictet Asset Management Holding SA increased its position in Triumph Financial by 9.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,004 shares of the company's stock worth $273,000 after purchasing an additional 270 shares in the last quarter. Hedge funds and other institutional investors own 91.11% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TFIN shares. Keefe, Bruyette & Woods dropped their price objective on shares of Triumph Financial from $68.00 to $56.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. DA Davidson cut their price objective on Triumph Financial from $68.00 to $56.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. B. Riley reaffirmed a "neutral" rating and issued a $55.00 target price (down previously from $65.00) on shares of Triumph Financial in a research report on Wednesday, April 23rd. Finally, Stephens reiterated an "equal weight" rating and set a $109.00 target price on shares of Triumph Financial in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, Triumph Financial currently has an average rating of "Hold" and a consensus target price of $68.20.

Triumph Financial Stock Up 1.0 %

TFIN traded up $0.54 on Friday, reaching $54.92. The company's stock had a trading volume of 41,767 shares, compared to its average volume of 168,553. Triumph Financial, Inc. has a 1 year low of $42.90 and a 1 year high of $110.58. The business's 50 day moving average is $57.11 and its 200 day moving average is $78.59. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 101.59 and a beta of 1.18.

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

Insider Activity

In other Triumph Financial news, Director Harrison B. Barnes acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was acquired at an average price of $53.65 per share, with a total value of $53,650.00. Following the transaction, the director now directly owns 21,565 shares in the company, valued at approximately $1,156,962.25. This represents a 4.86 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Debra A. Bradford bought 1,508 shares of the firm's stock in a transaction on Wednesday, April 23rd. The stock was bought at an average price of $49.39 per share, with a total value of $74,480.12. Following the completion of the purchase, the director now owns 3,348 shares of the company's stock, valued at $165,357.72. This trade represents a 81.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 4,008 shares of company stock worth $208,380. 5.58% of the stock is currently owned by corporate insiders.

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.