Envestnet Asset Management Inc. Acquires 7,635 Shares of Triumph Financial, Inc. $TFIN

Envestnet Asset Management Inc. boosted its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 5.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,025 shares of the company’s stock after purchasing an additional 7,635 shares during the quarter. Envestnet Asset Management Inc. owned about 0.62% of Triumph Financial worth $8,158,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TFIN. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Triumph Financial by 12.4% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,991,713 shares of the company’s stock worth $172,921,000 after buying an additional 330,165 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Triumph Financial by 3.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 206,865 shares of the company’s stock valued at $11,957,000 after acquiring an additional 7,794 shares during the period. Diamond Hill Capital Management Inc. lifted its position in Triumph Financial by 16.3% during the first quarter. Diamond Hill Capital Management Inc. now owns 165,914 shares of the company’s stock worth $9,590,000 after acquiring an additional 23,244 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Triumph Financial by 33.7% during the first quarter. Russell Investments Group Ltd. now owns 112,983 shares of the company’s stock worth $6,530,000 after acquiring an additional 28,507 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Triumph Financial by 2.5% in the first quarter. Principal Financial Group Inc. now owns 109,677 shares of the company’s stock valued at $6,339,000 after purchasing an additional 2,666 shares during the last quarter. 91.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Triumph Financial

In other Triumph Financial news, CEO Aaron P. Graft sold 6,500 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $60.18, for a total value of $391,170.00. Following the transaction, the chief executive officer directly owned 144,558 shares of the company’s stock, valued at $8,699,500.44. This trade represents a 4.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Adam D. Nelson sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $60.39, for a total transaction of $211,365.00. Following the completion of the transaction, the executive vice president owned 27,832 shares of the company’s stock, valued at $1,680,774.48. The trade was a 11.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 5.58% of the company’s stock.

Analysts Set New Price Targets

TFIN has been the subject of several research reports. Stephens lifted their price target on Triumph Financial from $53.00 to $59.00 and gave the stock an “equal weight” rating in a report on Friday, October 17th. B. Riley raised Triumph Financial from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $55.00 to $70.00 in a report on Monday, October 20th. Finally, DA Davidson reissued a “neutral” rating and issued a $63.00 target price on shares of Triumph Financial in a research report on Thursday, October 16th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $62.00.

Triumph Financial Stock Down 0.3%

Shares of NASDAQ TFIN opened at $53.72 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 0.96. Triumph Financial, Inc. has a 52 week low of $42.90 and a 52 week high of $110.58. The stock has a market capitalization of $1.28 billion, a P/E ratio of 122.09 and a beta of 1.44. The stock’s fifty day moving average is $54.96 and its 200 day moving average is $57.25.

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.