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

Russell Investments Group Ltd. trimmed its stake in Triumph Financial, Inc. (NASDAQ:TFIN) by 27.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,280 shares of the company’s stock after selling 29,860 shares during the period. Russell Investments Group Ltd.’s holdings in Triumph Financial were worth $6,277,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Larson Financial Group LLC bought a new stake in Triumph Financial in the fourth quarter worth about $42,000. Allspring Global Investments Holdings LLC boosted its holdings in Triumph Financial by 77.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,400 shares of the company’s stock valued at $91,000 after acquiring an additional 610 shares during the period. Welch Group LLC bought a new position in Triumph Financial in the 4th quarter valued at $212,000. Howard Financial Services LTD. purchased a new stake in Triumph Financial in the fourth quarter worth $241,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Triumph Financial during the third quarter worth $200,000. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Insider Buying and Selling

In other Triumph Financial news, Director Carlos M. Sepulveda sold 16,000 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $71.12, for a total transaction of $1,137,920.00. Following the sale, the director now owns 351,484 shares of the company’s stock, valued at approximately $24,997,542.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods upped their price target on shares of Triumph Financial from $61.00 to $68.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. DA Davidson dropped their target price on shares of Triumph Financial from $73.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Stephens decreased their price target 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. Finally, Piper Sandler lowered Triumph Financial from a “neutral” rating to an “underweight” rating and boosted their price target for the company from $64.00 to $67.00 in a report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $65.40.

Triumph Financial Trading Up 0.2 %

NASDAQ:TFIN opened at $73.50 on Thursday. The firm has a 50-day simple moving average of $74.73 and a 200-day simple moving average of $73.30. Triumph Financial, Inc. has a one year low of $46.96 and a one year high of $82.22. The firm has a market cap of $1.72 billion, a P/E ratio of 56.11 and a beta of 1.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.00 and a current ratio of 1.00.

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.