Ameriprise Financial Inc. Has $22.85 Million Stock Holdings in Triumph Financial, Inc. (NASDAQ:TFIN)

Ameriprise Financial Inc. trimmed its stake in Triumph Financial, Inc. (NASDAQ:TFIN) by 15.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 251,371 shares of the company’s stock after selling 45,790 shares during the quarter. Ameriprise Financial Inc. owned about 1.07% of Triumph Financial worth $22,845,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Schonfeld Strategic Advisors LLC acquired a new stake in Triumph Financial in the fourth quarter worth $849,000. Northern Trust Corp grew its holdings in Triumph Financial by 7.6% in the fourth quarter. Northern Trust Corp now owns 227,875 shares of the company’s stock worth $20,709,000 after purchasing an additional 16,061 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Triumph Financial by 14.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,198 shares of the company’s stock valued at $1,291,000 after buying an additional 1,750 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in shares of Triumph Financial during the fourth quarter valued at about $410,000. Finally, Hsbc Holdings PLC grew its holdings in shares of Triumph Financial by 185.4% during the fourth quarter. Hsbc Holdings PLC now owns 7,571 shares of the company’s stock valued at $690,000 after buying an additional 4,918 shares during the last quarter. 91.11% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Debra A. Bradford bought 1,508 shares of the company’s stock in a transaction on Wednesday, April 23rd. The shares were purchased at an average price of $49.39 per share, with a total value of $74,480.12. Following the transaction, the director now directly owns 3,348 shares in the company, valued at $165,357.72. This represents a 81.96% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harrison B. Barnes bought 1,000 shares of the company’s stock in a transaction on 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 transaction, the director now owns 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. Insiders have bought a total of 4,008 shares of company stock valued at $208,380 in the last 90 days. 5.58% of the stock is currently owned by corporate insiders.

Triumph Financial Trading Down 2.4%

NASDAQ:TFIN opened at $60.96 on Thursday. Triumph Financial, Inc. has a 52 week low of $42.90 and a 52 week high of $110.58. The firm has a 50-day moving average price of $55.57 and a two-hundred day moving average price of $76.73. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 112.89 and a beta of 1.27.

Triumph Financial (NASDAQ:TFIN) last posted its earnings results on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). Triumph Financial had a return on equity of 1.93% and a net margin of 3.30%. The firm had revenue of $101.57 million for the quarter, compared to the consensus estimate of $104.49 million. During the same period in the prior year, the business earned $0.14 EPS. On average, equities analysts expect that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TFIN. Keefe, Bruyette & Woods reduced their price objective on shares of Triumph Financial from $68.00 to $56.00 and set a “market perform” rating for the company in a report on Monday, April 21st. B. Riley reiterated a “neutral” rating and set a $55.00 price objective (down from $65.00) on shares of Triumph Financial in a report on Wednesday, April 23rd. Stephens reiterated an “equal weight” rating and set a $109.00 price objective on shares of Triumph Financial in a report on Thursday, January 23rd. Finally, DA Davidson reduced their price objective on shares of Triumph Financial from $68.00 to $56.00 and set a “neutral” rating for the company in a report on Monday, April 21st. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, Triumph Financial has a consensus rating of “Hold” and an average price target 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.