Jupiter Topco LLC Invests $785,000 in Triumph Financial, Inc. $TFIN

Jupiter Topco LLC bought a new position in shares of Triumph Financial, Inc. (NYSE:TFIN) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,269 shares of the company’s stock, valued at approximately $785,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in shares of Triumph Financial by 73.8% during the first quarter. Royal Bank of Canada now owns 27,541 shares of the company’s stock worth $1,592,000 after purchasing an additional 11,694 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Triumph Financial by 45.2% during the 1st quarter. AQR Capital Management LLC now owns 5,760 shares of the company’s stock valued at $333,000 after buying an additional 1,794 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Triumph Financial by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the company’s stock valued at $759,000 after buying an additional 564 shares during the period. Norges Bank acquired a new position in shares of Triumph Financial in the 2nd quarter valued at about $304,000. Finally, First Trust Advisors LP boosted its stake in shares of Triumph Financial by 59.8% in the second quarter. First Trust Advisors LP now owns 24,198 shares of the company’s stock worth $1,334,000 after buying an additional 9,052 shares during the last quarter. Institutional investors and hedge funds own 91.11% of the company’s stock.

Triumph Financial Price Performance

Triumph Financial stock opened at $69.43 on Monday. The stock has a market capitalization of $1.66 billion, a P/E ratio of 46.91 and a beta of 1.37. The company’s fifty day moving average price is $75.99 and its 200 day moving average price is $68.55. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.01 and a current ratio of 1.01. Triumph Financial, Inc. has a 1 year low of $46.43 and a 1 year high of $83.52.

Triumph Financial (NYSE:TFIN) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. Triumph Financial had a net margin of 7.17% and a return on equity of 4.69%. The business had revenue of $120.24 million for the quarter, compared to the consensus estimate of $114.67 million. As a group, equities research analysts anticipate that Triumph Financial, Inc. will post 1.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TFIN has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Triumph Financial in a report on Friday, August 7th. B. Riley Financial boosted their target price on shares of Triumph Financial from $70.00 to $82.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Zacks Research lowered shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Stephens upped their price objective on shares of Triumph Financial from $82.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. Finally, DA Davidson increased their target price on shares of Triumph Financial from $65.00 to $82.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Six analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $85.00.

Insider Activity

In related news, EVP Adam Nelson sold 3,750 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $79.05, for a total transaction of $296,437.50. Following the completion of the transaction, the executive vice president owned 23,755 shares in the company, valued at $1,877,832.75. This represents a 13.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Edward Schreyer sold 2,900 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $73.75, for a total transaction of $213,875.00. Following the completion of the transaction, the executive vice president directly owned 15,534 shares in the company, valued at $1,145,632.50. This represents a 15.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.51% of the stock is owned by corporate insiders.

Triumph Financial Profile

Triumph Financial, Inc (NYSE: TFIN) is a financial holding company that operates through its banking subsidiary to provide commercial banking and related financial services. The company focuses on delivering deposit, lending and payment solutions customary to community-oriented banks and regional financial institutions.

Products and services typically offered include commercial and consumer lending, residential mortgage origination and servicing, deposit accounts, cash management and treasury services, and other fee-based banking products.