Geode Capital Management LLC Has $41.22 Million Stake in Triumph Financial, Inc. (NASDAQ:TFIN)

Geode Capital Management LLC grew its holdings in Triumph Financial, Inc. (NASDAQ:TFIN) by 1.7% during the third quarter, Holdings Channel.com reports. The firm owned 518,112 shares of the company’s stock after acquiring an additional 8,609 shares during the period. Geode Capital Management LLC’s holdings in Triumph Financial were worth $41,218,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC raised its position in Triumph Financial by 258.3% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,630,607 shares of the company’s stock worth $215,052,000 after purchasing an additional 1,896,348 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Triumph Financial by 7.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,142,820 shares of the company’s stock valued at $93,425,000 after buying an additional 79,777 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Triumph Financial by 108.3% during the second quarter. Envestnet Asset Management Inc. now owns 149,150 shares of the company’s stock worth $12,193,000 after acquiring an additional 77,546 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Triumph Financial by 12.6% during the second quarter. American Century Companies Inc. now owns 570,688 shares of the company’s stock valued at $46,654,000 after acquiring an additional 63,760 shares during the period. Finally, Sei Investments Co. boosted its holdings in Triumph Financial by 96.7% in the second quarter. Sei Investments Co. now owns 89,974 shares of the company’s stock valued at $7,355,000 after acquiring an additional 44,233 shares during the last quarter. Institutional investors own 91.11% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Aaron P. Graft sold 13,500 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $106.36, for a total transaction of $1,435,860.00. Following the sale, the chief executive officer now owns 151,533 shares of the company’s stock, valued at $16,117,049.88. This trade represents a 8.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 6.15% of the company’s stock.

Triumph Financial Stock Performance

Shares of TFIN stock opened at $92.70 on Wednesday. The stock has a market cap of $2.17 billion, a PE ratio of 118.85 and a beta of 1.21. The stock has a 50-day moving average of $96.82 and a 200-day moving average of $86.80. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99. Triumph Financial, Inc. has a one year low of $66.85 and a one year high of $110.58.

Triumph Financial (NASDAQ:TFIN) last posted its earnings results on Wednesday, October 16th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. Triumph Financial had a net margin of 4.47% and a return on equity of 2.64%. The company had revenue of $125.57 million for the quarter, compared to analyst estimates of $106.29 million. During the same period last year, the business posted $0.51 earnings per share. As a group, sell-side analysts expect that Triumph Financial, Inc. will post 0.62 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TFIN. DA Davidson boosted their price objective on Triumph Financial from $74.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. B. Riley restated a “neutral” rating and issued a $65.00 price objective on shares of Triumph Financial in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $71.60.

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.