Envestnet Asset Management Inc. Has $6.97 Million Holdings in Triumph Financial, Inc. $TFIN

Envestnet Asset Management Inc. trimmed its holdings in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 5.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 139,220 shares of the company’s stock after selling 8,805 shares during the quarter. Envestnet Asset Management Inc. owned about 0.59% of Triumph Financial worth $6,967,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of TFIN. Marshall Wace LLP grew its position in shares of Triumph Financial by 130.2% during the 2nd quarter. Marshall Wace LLP now owns 303,374 shares of the company’s stock worth $16,719,000 after purchasing an additional 171,580 shares in the last quarter. Investment Management Associates Inc. ADV increased its stake in Triumph Financial by 113.6% during the 2nd quarter. Investment Management Associates Inc. ADV now owns 247,580 shares of the company’s stock worth $13,644,000 after acquiring an additional 131,678 shares during the period. Bank of America Corp DE raised its holdings in Triumph Financial by 20.3% in the 2nd quarter. Bank of America Corp DE now owns 459,109 shares of the company’s stock valued at $25,301,000 after acquiring an additional 77,390 shares in the last quarter. Empirical Capital Management LLC bought a new stake in shares of Triumph Financial during the 2nd quarter valued at $2,480,000. Finally, Financial Gravity Companies Inc. bought a new stake in shares of Triumph Financial during the 2nd quarter valued at $2,290,000. Institutional investors own 91.11% of the company’s stock.

Triumph Financial Trading Up 0.5%

Shares of NASDAQ TFIN opened at $62.26 on Friday. The firm has a 50 day moving average price of $65.59 and a two-hundred day moving average price of $59.06. The stock has a market cap of $1.48 billion, a P/E ratio of 141.49 and a beta of 1.52. Triumph Financial, Inc. has a 52-week low of $42.90 and a 52-week high of $77.84. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 0.96.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods raised their price target on Triumph Financial from $66.00 to $70.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 28th. DA Davidson reiterated a “neutral” rating and set a $60.00 price objective on shares of Triumph Financial in a research note on Thursday, January 29th. Finally, B. Riley Financial reiterated a “neutral” rating and issued a $70.00 price target on shares of Triumph Financial in a research note on Monday, January 12th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $64.75.

Insider Transactions at Triumph Financial

In related news, EVP Adam D. Nelson sold 3,000 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $65.18, for a total transaction of $195,540.00. Following the completion of the transaction, the executive vice president directly owned 24,832 shares of the company’s stock, valued at $1,618,549.76. This trade represents a 10.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.58% of the stock is currently owned by corporate insiders.

Triumph Financial Company Profile

Triumph Financial, Inc is a bank holding company headquartered in Dallas, Texas. Through its wholly owned subsidiary, Triumph Bank, the company delivers a broad range of commercial and retail banking services to businesses and individuals. Since its foundation, Triumph Financial has focused on building a community-oriented banking platform that emphasizes personalized service and local decision-making.

The company’s commercial banking offerings include deposit products, treasury management solutions, digital cash management, equipment financing, and commercial real estate lending.