Principal Financial Group Inc. Acquires 2,666 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

Principal Financial Group Inc. raised its holdings in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 2.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 109,677 shares of the company’s stock after acquiring an additional 2,666 shares during the quarter. Principal Financial Group Inc. owned approximately 0.47% of Triumph Financial worth $6,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC lifted its position in Triumph Financial by 84.7% during the first quarter. GAMMA Investing LLC now owns 698 shares of the company’s stock valued at $40,000 after purchasing an additional 320 shares in the last quarter. NBC Securities Inc. raised its stake in shares of Triumph Financial by 88,233.3% in the first quarter. NBC Securities Inc. now owns 2,650 shares of the company’s stock worth $153,000 after buying an additional 2,647 shares during the period. Bank of Montreal Can bought a new position in shares of Triumph Financial in the fourth quarter worth about $219,000. Balyasny Asset Management L.P. purchased a new position in shares of Triumph Financial during the 4th quarter valued at about $237,000. Finally, Pictet Asset Management Holding SA grew its stake in shares of Triumph Financial by 9.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,004 shares of the company’s stock valued at $273,000 after acquiring an additional 270 shares during the period. Institutional investors own 91.11% of the company’s stock.

Insider Buying and Selling

In other news, Director Davis R. Deadman purchased 1,500 shares of the business’s stock in a transaction on Friday, April 25th. The stock was acquired at an average price of $53.50 per share, for a total transaction of $80,250.00. Following the acquisition, the director directly owned 10,220 shares of the company’s stock, valued at $546,770. This represents a 17.20% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Harrison B. Barnes acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, April 29th. The shares were purchased at an average cost of $53.65 per share, for a total transaction of $53,650.00. Following the completion of the acquisition, the director directly owned 21,565 shares in the company, valued at approximately $1,156,962.25. This represents a 4.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 4,008 shares of company stock worth $208,380. Corporate insiders own 5.58% of the company’s stock.

Triumph Financial Trading Up 2.3%

Triumph Financial stock opened at $63.58 on Thursday. Triumph Financial, Inc. has a 1 year low of $42.90 and a 1 year high of $110.58. The firm’s 50 day moving average price is $59.54 and its 200-day moving average price is $64.69. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $1.49 billion, a P/E ratio of 171.84 and a beta of 1.29.

Triumph Financial (NASDAQ:TFIN) last announced its quarterly earnings results on Wednesday, July 16th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.06 by $0.09. Triumph Financial had a net margin of 2.44% and a return on equity of 1.61%. On average, equities analysts predict that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Triumph Financial from $68.00 to $56.00 and set a “market perform” rating on the stock in a research note on Monday, April 21st. DA Davidson decreased their price objective on shares of Triumph Financial from $68.00 to $56.00 and set a “neutral” rating on the stock in a research report on Monday, April 21st. Finally, B. Riley reaffirmed a “neutral” rating and issued a $55.00 target price (down previously from $65.00) on shares of Triumph Financial in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, Triumph Financial currently has a consensus rating of “Hold” and an average target price of $68.20.

Triumph Financial Company 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.