Stifel Financial Corp. (NYSE:SF) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its stake in Stifel Financial Corp. (NYSE:SF - Free Report) by 5.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,156,932 shares of the financial services provider's stock after selling 122,335 shares during the period. Stifel Financial Corp owned approximately 2.11% of Stifel Financial worth $228,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. V Square Quantitative Management LLC purchased a new stake in shares of Stifel Financial in the 4th quarter valued at approximately $26,000. Bessemer Group Inc. grew its position in Stifel Financial by 52.1% in the fourth quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock worth $34,000 after acquiring an additional 110 shares during the period. Versant Capital Management Inc increased its stake in Stifel Financial by 46.5% during the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider's stock worth $48,000 after acquiring an additional 145 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Stifel Financial by 26.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider's stock worth $56,000 after acquiring an additional 111 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in Stifel Financial by 84.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 553 shares of the financial services provider's stock valued at $59,000 after purchasing an additional 253 shares during the period. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Stifel Financial Stock Down 0.0 %

Stifel Financial stock traded down $0.01 during mid-day trading on Friday, reaching $85.73. 916,896 shares of the company's stock were exchanged, compared to its average volume of 679,664. The company has a fifty day moving average of $93.71 and a 200-day moving average of $103.93. The company has a market cap of $8.89 billion, a P/E ratio of 13.74 and a beta of 1.00. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. Stifel Financial Corp. has a twelve month low of $73.27 and a twelve month high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($1.12). Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the business posted $1.49 earnings per share. Sell-side analysts expect that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.15%. This is a positive change from Stifel Financial's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, March 3rd. Stifel Financial's dividend payout ratio is presently 29.49%.

Analyst Ratings Changes

SF has been the subject of a number of recent analyst reports. StockNews.com raised Stifel Financial from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. UBS Group lifted their price target on shares of Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. The Goldman Sachs Group decreased their price objective on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Stifel Financial from $123.00 to $100.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, Citigroup cut their target price on Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Stifel Financial presently has an average rating of "Hold" and an average price target of $105.50.

Stifel Financial Company 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.