Truist Financial Corp Sells 7,975 Shares of Stifel Financial Corp. (NYSE:SF)

Truist Financial Corp trimmed its holdings in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 10.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 71,890 shares of the financial services provider's stock after selling 7,975 shares during the period. Truist Financial Corp owned approximately 0.07% of Stifel Financial worth $6,050,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc lifted its holdings in shares of Stifel Financial by 1,818.8% during the second quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 291 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Stifel Financial during the first quarter valued at approximately $32,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Stifel Financial in the 1st quarter worth approximately $33,000. Rothschild Investment LLC purchased a new position in Stifel Financial in the 2nd quarter worth approximately $64,000. Finally, Bessemer Group Inc. raised its holdings in Stifel Financial by 388.3% in the 1st quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider's stock worth $62,000 after acquiring an additional 633 shares during the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Stifel Financial Stock Performance

SF traded down $0.06 during mid-day trading on Monday, reaching $95.79. 448,535 shares of the company traded hands, compared to its average volume of 562,975. The stock has a market capitalization of $9.82 billion, a P/E ratio of 21.77 and a beta of 1.09. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The company's fifty day moving average price is $87.19 and its 200-day moving average price is $82.77. Stifel Financial Corp. has a 52-week low of $54.81 and a 52-week high of $96.89.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.06. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the firm posted $1.20 EPS. The company's revenue for the quarter was up 15.9% compared to the same quarter last year. On average, sell-side analysts expect that Stifel Financial Corp. will post 6.55 EPS for the current year.

Stifel Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Tuesday, September 3rd. Stifel Financial's payout ratio is 38.18%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SF. Wolfe Research lowered shares of Stifel Financial from an "outperform" rating to a "peer perform" rating in a report on Monday, July 22nd. JMP Securities restated a "market outperform" rating and issued a $105.00 price objective on shares of Stifel Financial in a report on Monday, September 9th. TD Cowen boosted their price objective on shares of Stifel Financial from $85.00 to $88.00 and gave the stock a "hold" rating in a report on Thursday, July 25th. The Goldman Sachs Group boosted their price objective on shares of Stifel Financial from $85.00 to $94.00 and gave the stock a "neutral" rating in a report on Thursday, September 26th. Finally, Citigroup boosted their price objective on shares of Stifel Financial from $90.00 to $102.00 and gave the stock a "neutral" rating in a report on Friday, September 27th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Stifel Financial currently has an average rating of "Hold" and a consensus price target of $94.67.

Stifel Financial Profile

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.