Russell Investments Group Ltd. Sells 29,860 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

Russell Investments Group Ltd. decreased its holdings in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 27.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 78,280 shares of the company's stock after selling 29,860 shares during the quarter. Russell Investments Group Ltd. owned about 0.34% of Triumph Financial worth $6,277,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TFIN. Bares Capital Management Inc. grew its holdings in shares of Triumph Financial by 192.3% during the third quarter. Bares Capital Management Inc. now owns 231,388 shares of the company's stock valued at $14,992,000 after purchasing an additional 152,222 shares during the last quarter. New York State Common Retirement Fund increased its holdings in Triumph Financial by 374.2% in the third quarter. New York State Common Retirement Fund now owns 44,648 shares of the company's stock worth $2,893,000 after buying an additional 35,232 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Triumph Financial by 83.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 72,759 shares of the company's stock valued at $4,714,000 after purchasing an additional 33,135 shares in the last quarter. Legato Capital Management LLC raised its position in shares of Triumph Financial by 60.2% in the fourth quarter. Legato Capital Management LLC now owns 61,944 shares of the company's stock valued at $4,967,000 after purchasing an additional 23,270 shares during the period. Finally, Kennedy Capital Management LLC lifted its position in shares of Triumph Financial by 10.0% during the 3rd quarter. Kennedy Capital Management LLC now owns 184,683 shares of the company's stock worth $11,966,000 after purchasing an additional 16,753 shares during the last quarter. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

Triumph Financial Price Performance

NASDAQ:TFIN traded up $1.25 during trading hours on Thursday, hitting $74.75. 275,045 shares of the stock traded hands, compared to its average volume of 165,134. Triumph Financial, Inc. has a 1 year low of $46.96 and a 1 year high of $82.22. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 57.06 and a beta of 1.20. The stock has a 50 day moving average price of $74.71 and a 200 day moving average price of $73.31.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last posted its earnings results on Wednesday, April 17th. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.18). The business had revenue of $101.03 million during the quarter, compared to the consensus estimate of $106.01 million. Triumph Financial had a return on equity of 4.22% and a net margin of 7.16%. Sell-side analysts forecast that Triumph Financial, Inc. will post 1.35 EPS for the current fiscal year.

Insider Activity

In related news, Director Carlos M. Sepulveda sold 16,000 shares of Triumph Financial stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $71.12, for a total value of $1,137,920.00. Following the completion of the sale, the director now directly owns 351,484 shares in the company, valued at approximately $24,997,542.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.15% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TFIN shares. Stephens cut their target price on shares of Triumph Financial from $79.00 to $75.00 and set an "equal weight" rating for the company in a research note on Thursday, January 25th. DA Davidson reduced their target price on Triumph Financial from $73.00 to $68.00 and set a "neutral" rating for the company in a research note on Friday, April 19th. Keefe, Bruyette & Woods increased their price objective on shares of Triumph Financial from $61.00 to $68.00 and gave the company a "market perform" rating in a research note on Thursday, January 25th. Finally, Piper Sandler lowered Triumph Financial from a "neutral" rating to an "underweight" rating and boosted their target price for the company from $64.00 to $67.00 in a research note on Monday, February 12th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $65.40.

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.