1492 Capital Management LLC Trims Stock Position in Stifel Financial Corporation (NYSE:SF)

1492 Capital Management LLC trimmed its holdings in Stifel Financial Corporation (NYSE:SF - Free Report) by 5.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,277 shares of the financial services provider's stock after selling 2,744 shares during the period. Stifel Financial accounts for approximately 2.5% of 1492 Capital Management LLC's holdings, making the stock its 11th largest position. 1492 Capital Management LLC's holdings in Stifel Financial were worth $4,739,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Stifel Financial in the fourth quarter valued at approximately $137,448,000. FMR LLC raised its holdings in shares of Stifel Financial by 8.5% in the 4th quarter. FMR LLC now owns 8,628,832 shares of the financial services provider's stock worth $915,346,000 after acquiring an additional 672,420 shares during the last quarter. Wellington Management Group LLP grew its stake in Stifel Financial by 32.2% in the 4th quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider's stock worth $274,637,000 after buying an additional 630,255 shares in the last quarter. GAMMA Investing LLC grew its stake in Stifel Financial by 47,124.2% in the 1st quarter. GAMMA Investing LLC now owns 425,018 shares of the financial services provider's stock worth $40,062,000 after buying an additional 424,118 shares in the last quarter. Finally, Walleye Capital LLC lifted its holdings in shares of Stifel Financial by 477.9% in the 4th quarter. Walleye Capital LLC now owns 238,945 shares of the financial services provider's stock worth $25,347,000 after acquiring an additional 197,598 shares during the last quarter. 82.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

SF has been the topic of several analyst reports. TD Cowen decreased their target price on shares of Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Citigroup lifted their target price on shares of Stifel Financial from $94.00 to $115.00 and gave the stock a "neutral" rating in a research note on Monday, July 7th. JMP Securities lifted their price target on shares of Stifel Financial from $120.00 to $130.00 and gave the company a "market outperform" rating in a report on Monday, July 14th. The Goldman Sachs Group cut their price target 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. Finally, Wells Fargo & Company lifted their price target on shares of Stifel Financial from $102.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Stifel Financial presently has a consensus rating of "Hold" and a consensus target price of $110.88.

Insider Buying and Selling

In related news, Director Michael J. Zimmerman sold 10,000 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $96.69, for a total value of $966,900.00. Following the sale, the director directly owned 45,833 shares in the company, valued at approximately $4,431,592.77. The trade was a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.28% of the company's stock.

Stifel Financial Stock Up 1.5%

Shares of NYSE:SF traded up $1.65 on Friday, hitting $112.67. 743,254 shares of the company traded hands, compared to its average volume of 796,769. The company has a quick ratio of 0.77, a current ratio of 0.81 and a debt-to-equity ratio of 0.28. Stifel Financial Corporation has a 52 week low of $73.27 and a 52 week high of $120.64. The company has a market cap of $11.57 billion, a PE ratio of 21.54 and a beta of 1.09. The stock has a 50 day simple moving average of $101.21 and a 200-day simple moving average of $99.74.

Stifel Financial (NYSE:SF - Get Free Report) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $1.64 by ($1.15). Stifel Financial had a return on equity of 13.88% and a net margin of 12.26%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the business posted $1.49 EPS. Stifel Financial's revenue was up 7.9% on a year-over-year basis. As a group, research analysts expect that Stifel Financial Corporation will post 8.26 earnings per share for the current year.

Stifel Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Monday, June 2nd. Stifel Financial's payout ratio is 35.18%.

About Stifel Financial

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.