JPMorgan Chase & Co. Has $1.53 Million Stock Position in Triumph Financial, Inc. (NASDAQ:TFIN)

JPMorgan Chase & Co. raised its position in Triumph Financial, Inc. (NASDAQ:TFIN) by 2.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,238 shares of the company’s stock after purchasing an additional 536 shares during the quarter. JPMorgan Chase & Co.’s holdings in Triumph Financial were worth $1,530,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TFIN. BNP Paribas Financial Markets grew its holdings in shares of Triumph Financial by 77.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,080 shares of the company’s stock valued at $1,199,000 after acquiring an additional 6,601 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Triumph Financial during the third quarter worth approximately $49,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Triumph Financial by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 195,532 shares of the company’s stock worth $15,553,000 after acquiring an additional 7,021 shares during the period. Barclays PLC raised its position in shares of Triumph Financial by 88.8% in the third quarter. Barclays PLC now owns 51,325 shares of the company’s stock valued at $4,082,000 after buying an additional 24,144 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Triumph Financial by 17.1% in the third quarter. HighTower Advisors LLC now owns 6,177 shares of the company’s stock valued at $491,000 after buying an additional 902 shares in the last quarter. Institutional investors and hedge funds own 91.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TFIN. B. Riley restated a “neutral” rating and set a $65.00 price objective on shares of Triumph Financial in a research report on Wednesday, October 2nd. Stephens reissued an “equal weight” rating and issued a $109.00 price objective on shares of Triumph Financial in a research note on Thursday. Finally, DA Davidson upped their price target on shares of Triumph Financial from $74.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $78.60.

Insider Activity

In other news, CEO Aaron P. Graft sold 13,500 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $106.36, for a total transaction of $1,435,860.00. Following the completion of the transaction, the chief executive officer now directly owns 151,533 shares of the company’s stock, valued at $16,117,049.88. This represents a 8.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.15% of the company’s stock.

Triumph Financial Trading Down 14.3 %

TFIN opened at $78.86 on Friday. 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 fifty-two week low of $66.85 and a fifty-two week high of $110.58. The firm has a market capitalization of $1.84 billion, a PE ratio of 101.10 and a beta of 1.24. The company’s 50-day moving average is $96.15 and its 200 day moving average is $88.68.

Triumph Financial (NASDAQ:TFIN) last posted its earnings results on Wednesday, January 22nd. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). Triumph Financial had a return on equity of 2.64% and a net margin of 4.47%. As a group, research analysts predict that Triumph Financial, Inc. will post 0.63 earnings per share for the current fiscal year.

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.