Triumph Financial will move its stock listing to NYSE, retaining its ticker TFIN, with a preferred stock ticker change.
Quiver AI Summary
Triumph Financial, Inc. announced that it will transfer the listing of its common and preferred stock from Nasdaq to the New York Stock Exchange (NYSE), with an expected start date of August 19, 2025. The common stock ticker will remain TFIN, while the preferred stock ticker will change to TFIN PR. Additionally, Triumph will dual list its common stock on NYSE Texas, which is set to begin trading on August 20, 2025. CEO Aaron Graft expressed the company's honor in joining the NYSE and highlighted the potential benefits for shareholders, while NYSE Group's Chris Taylor welcomed Triumph as a founding member of NYSE Texas. The company, based in Dallas, focuses on modernizing freight transactions through financial and technology services.
Potential Positives
- Triumph Financial is transitioning its stock listing from Nasdaq to the prestigious New York Stock Exchange, which is likely to enhance its visibility and attract new investors.
- The company will dual list its common stock on the newly established NYSE Texas, demonstrating a commitment to its Texas roots and further solidifying its presence in the local market.
- This move is expected to provide Triumph Financial with a broader platform and resources, potentially unlocking greater value for the company and its shareholders.
- Triumph Financial is recognized as a Founding Member of NYSE Texas, positioning it alongside other respected companies and enhancing its credibility in the marketplace.
Potential Negatives
- Changing the listing of the company's stocks from Nasdaq to NYSE may raise concerns among investors about the company's standing and perceived value compared to its previous exchange.
- The requirement for a ticker change for the preferred stock could lead to confusion among investors, potentially impacting trading volumes and investor sentiment.
- The reliance on dual listing in a new market (NYSE Texas) introduces additional complexity and uncertainty that could deter some investors unfamiliar with the new exchange.
FAQ
Why is Triumph Financial moving to the NYSE?
Triumph Financial is transferring to the NYSE to access better resources and unlock greater value for shareholders.
What is the new ticker symbol for Triumph's preferred stock?
The ticker for Triumph's preferred stock will change from “TFINP” to “TFIN PR” on the NYSE.
When will Triumph begin trading on the NYSE?
Triumph expects to start trading on the NYSE on or about August 19, 2025.
What does dual listing mean for Triumph Financial?
Dually listing means Triumph will trade on both the NYSE and NYSE Texas, enhancing its market presence.
Who can investors contact for more information about Triumph Financial?
Investors can contact Luke Wyse, Head of Investor Relations, at [email protected] or 214-365-6936.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TFIN Insider Trading Activity
$TFIN insiders have traded $TFIN stock on the open market 13 times in the past 6 months. Of those trades, 10 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $TFIN stock by insiders over the last 6 months:
- AARON P GRAFT (President & CEO) has made 0 purchases and 2 sales selling 15,500 shares for an estimated $1,011,615.
- EDWARD JOSEPH SCHREYER (EVP, Chief Operating Officer) sold 7,275 shares for an estimated $436,500
- CARLOS M SEPULVEDA has made 2 purchases buying 7,030 shares for an estimated $334,967 and 0 sales.
- CHARLES A ANDERSON purchased 3,950 shares for an estimated $201,292
- DAVIS R DEADMAN has made 3 purchases buying 2,500 shares for an estimated $101,870 and 0 sales.
- DEBRA A BRADFORD purchased 1,508 shares for an estimated $74,480
- HARRISON B. BARNES purchased 1,000 shares for an estimated $53,650
- MICHAEL P RAFFERTY has made 2 purchases buying 1,338 shares for an estimated $28,617 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$TFIN Hedge Fund Activity
We have seen 98 institutional investors add shares of $TFIN stock to their portfolio, and 103 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- THRIVENT FINANCIAL FOR LUTHERANS removed 493,113 shares (-41.9%) from their portfolio in Q1 2025, for an estimated $28,501,931
- KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC added 330,165 shares (+12.4%) to their portfolio in Q1 2025, for an estimated $19,083,537
- WELLINGTON MANAGEMENT GROUP LLP removed 226,555 shares (-69.5%) from their portfolio in Q1 2025, for an estimated $13,094,879
- AMERIPRISE FINANCIAL INC removed 204,472 shares (-81.3%) from their portfolio in Q1 2025, for an estimated $11,818,481
- BARROW HANLEY MEWHINNEY & STRAUSS LLC removed 185,500 shares (-22.0%) from their portfolio in Q1 2025, for an estimated $10,721,900
- WOODSON CAPITAL MANAGEMENT, LP removed 140,000 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $8,092,000
- INVESTMENT MANAGEMENT ASSOCIATES INC /ADV added 131,678 shares (+113.6%) to their portfolio in Q2 2025, for an estimated $7,256,774
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$TFIN Price Targets
Multiple analysts have issued price targets for $TFIN recently. We have seen 3 analysts offer price targets for $TFIN in the last 6 months, with a median target of $56.0.
Here are some recent targets:
- Gary Tenner from DA Davidson set a target price of $63.0 on 07/18/2025
- Hal Goetsch from B. Riley Securities set a target price of $55.0 on 04/23/2025
- Timothy Switzer from Keefe, Bruyette & Woods set a target price of $56.0 on 04/21/2025
Full Release
DALLAS, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Triumph Financial, Inc. (Nasdaq: TFIN) today announced that it will transfer the listing and trading of its common (TFIN) and preferred stock (TFINP) to the New York Stock Exchange (“NYSE”) from the Nasdaq Stock Market (“Nasdaq”). The company will retain its common stock ticker, TFIN; however, investors should note that the company’s preferred stock ticker will change from “TFINP” to “TFIN PR” in keeping with NYSE symbology. Simultaneously with this move, the company is announcing it will dual list its common stock on NYSE Texas, the new, fully electronic equities exchange based in Dallas, Texas, under the same ticker, TFIN.
TFIN expects to begin trading on the NYSE on or about August 19, 2025, and on NYSE Texas on or about August 20, 2025. The Company’s common and preferred stock is expected to continue to trade on Nasdaq until the close of the market on or about August 18, 2025.
“We’re honored to join the New York Stock Exchange,” said Aaron Graft, founder, vice chairman and chief executive officer. “We believe the NYSE’s platform and resources will help us unlock greater value for Triumph and our shareholders. It’s a privilege to stand alongside many of the world’s most respected companies and, building on our deep Texas roots and commitment to this state, we are proud to join some of these same companies as a Founding Member of NYSE Texas. We would like to extend our sincere thanks to Nasdaq for the partnership and support over the past decade since our IPO.”
“We are thrilled to welcome Triumph Financial as it transfers its primary listing to the NYSE and joins NYSE Texas as a Founding Member,” said Chris Taylor, chief development officer, NYSE Group. “We look forward to Triumph joining the NYSE’s best-in-class community of leading companies and to supporting their growth and future success.”
About Triumph
Triumph (Nasdaq: TFIN) is a financial and technology company focused on payments, factoring, intelligence and banking to modernize and simplify freight transactions. Headquartered in Dallas, Texas, its portfolio of brands includes Triumph, TBK Bank and LoadPay.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such statements are predictions and that actual events or results may differ materially. Triumph Financial’s expected financial results or other plans are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” and the forward-looking statement disclosure contained in the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 11, 2025. Forward-looking statements speak only as of the date made and Triumph Financial undertakes no duty to update the information.
Source : Triumph Financial, Inc.
Investor Relations:
Luke Wyse
Executive Vice President, Head of Investor Relations
[email protected]
214-365-6936
Media Contact:
Amanda Tavackoli
Senior Vice President, Director of Corporate Communication
[email protected]
214-365-6930
