Charles Schwab Investment Management Inc. Purchases 7,021 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

Charles Schwab Investment Management Inc. grew its position in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 3.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 195,532 shares of the company’s stock after purchasing an additional 7,021 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.84% of Triumph Financial worth $15,553,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TFIN. Arizona State Retirement System boosted its stake in Triumph Financial by 2.0% in the second quarter. Arizona State Retirement System now owns 6,205 shares of the company’s stock worth $507,000 after buying an additional 124 shares in the last quarter. Callan Family Office LLC boosted its stake in shares of Triumph Financial by 1.1% in the 2nd quarter. Callan Family Office LLC now owns 11,667 shares of the company’s stock valued at $954,000 after purchasing an additional 126 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Triumph Financial by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock valued at $891,000 after purchasing an additional 200 shares during the last quarter. Kings Path Partners LLC grew its holdings in shares of Triumph Financial by 2.4% during the 3rd quarter. Kings Path Partners LLC now owns 9,125 shares of the company’s stock valued at $726,000 after purchasing an additional 216 shares during the last quarter. Finally, KBC Group NV raised its position in Triumph Financial by 46.4% in the 3rd quarter. KBC Group NV now owns 798 shares of the company’s stock worth $63,000 after purchasing an additional 253 shares during the period. 91.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Triumph Financial Price Performance

Shares of Triumph Financial stock opened at $104.22 on Friday. The company’s fifty day simple moving average is $92.32 and its two-hundred day simple moving average is $84.95. Triumph Financial, Inc. has a 12-month low of $66.85 and a 12-month high of $110.58. The firm has a market cap of $2.44 billion, a PE ratio of 133.62 and a beta of 1.21. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05.

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 analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $106.29 million. During the same period in the prior year, the business posted $0.51 earnings per share. As a group, equities analysts expect that Triumph Financial, Inc. will post 0.62 EPS for the current year.

Insider Transactions at Triumph Financial

In other Triumph Financial news, CEO Aaron P. Graft sold 13,500 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $106.36, for a total value of $1,435,860.00. Following the completion of the transaction, the chief executive officer now directly owns 151,533 shares in the company, valued at approximately $16,117,049.88. This represents a 8.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.15% of the company’s stock.

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.