Voya Investment Management LLC Trims Stake in Triumph Financial, Inc. (NASDAQ:TFIN)

Voya Investment Management LLC cut its stake in Triumph Financial, Inc. (NASDAQ:TFIN) by 6.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,700 shares of the company’s stock after selling 488 shares during the period. Voya Investment Management LLC’s holdings in Triumph Financial were worth $609,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TFIN. Smartleaf Asset Management LLC boosted its position in shares of Triumph Financial by 310.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 563 shares of the company’s stock valued at $51,000 after purchasing an additional 426 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Triumph Financial by 43.4% in the 4th quarter. Blue Trust Inc. now owns 674 shares of the company’s stock worth $61,000 after buying an additional 204 shares during the last quarter. KBC Group NV increased its position in Triumph Financial by 51.9% during the 4th quarter. KBC Group NV now owns 1,212 shares of the company’s stock valued at $110,000 after buying an additional 414 shares in the last quarter. Mechanics Bank Trust Department purchased a new position in Triumph Financial during the fourth quarter valued at $202,000. Finally, Cottonwood Capital Advisors LLC bought a new stake in Triumph Financial in the fourth quarter worth $215,000. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Insider Buying and Selling at Triumph Financial

In other Triumph Financial news, Director Harrison B. Barnes acquired 1,000 shares of the stock in a transaction dated Tuesday, April 29th. The shares were purchased at an average price of $53.65 per share, for a total transaction of $53,650.00. Following the purchase, the director now directly owns 21,565 shares of the company’s stock, valued at approximately $1,156,962.25. This trade represents a 4.86 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Davis R. Deadman bought 1,500 shares of the business’s stock in a transaction that occurred on Friday, April 25th. The shares were acquired at an average price of $53.50 per share, with a total value of $80,250.00. Following the completion of the transaction, the director now directly owns 10,220 shares of the company’s stock, valued at $546,770. This trade represents a 17.20 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 4,008 shares of company stock valued at $208,380. 5.58% of the stock is owned by company insiders.

Analysts Set New Price Targets

TFIN has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lowered their price target on Triumph Financial from $68.00 to $56.00 and set a “market perform” rating for the company in a research report on Monday, April 21st. DA Davidson dropped their target price on shares of Triumph Financial from $68.00 to $56.00 and set a “neutral” rating on the stock in a research note on Monday, April 21st. Stephens reissued an “equal weight” rating and set a $109.00 price target on shares of Triumph Financial in a research report on Thursday, January 23rd. Finally, B. Riley reaffirmed a “neutral” rating and issued a $55.00 price objective (down from $65.00) on shares of Triumph Financial in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $68.20.

Triumph Financial Stock Performance

Shares of TFIN stock opened at $56.60 on Friday. The firm has a market capitalization of $1.33 billion, a PE ratio of 104.82 and a beta of 1.27. The company has a 50 day moving average price of $55.79 and a 200-day moving average price of $77.52. Triumph Financial, Inc. has a 52 week low of $42.90 and a 52 week high of $110.58. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05.

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

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.