Edmp Inc. Buys New Shares in Stifel Financial Corporation (NYSE:SF)

Edmp Inc. acquired a new position in Stifel Financial Corporation (NYSE:SF - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,757 shares of the financial services provider's stock, valued at approximately $637,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SF. NBC Securities Inc. purchased a new stake in shares of Stifel Financial during the first quarter valued at approximately $26,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Stifel Financial by 123.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 183 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Stifel Financial by 52.1% during the fourth quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 110 shares in the last quarter. Quarry LP bought a new stake in shares of Stifel Financial during the fourth quarter valued at approximately $49,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Stifel Financial by 26.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider's stock valued at $56,000 after acquiring an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SF. JMP Securities reduced their price target on shares of Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Wolfe Research raised shares of Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price target for the company in a research report on Thursday, April 24th. TD Cowen reduced their price target on shares of Stifel Financial from $124.00 to $84.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. The Goldman Sachs Group reduced their price target on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Finally, Wall Street Zen raised shares of Stifel Financial from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $105.50.

Insider Transactions at Stifel Financial

In other news, Director Michael J. Zimmerman sold 10,000 shares of Stifel Financial stock in a transaction on Friday, June 6th. The shares were sold at an average price of $96.69, for a total transaction of $966,900.00. Following the transaction, the director now owns 45,833 shares in the company, valued at $4,431,592.77. This trade represents a 17.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.28% of the company's stock.

Stifel Financial Stock Performance

NYSE:SF traded up $0.67 during trading hours on Friday, reaching $103.82. The company had a trading volume of 1,015,479 shares, compared to its average volume of 684,251. The company has a current ratio of 0.81, a quick ratio of 0.77 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 firm has a market cap of $10.67 billion, a price-to-earnings ratio of 19.85 and a beta of 1.07. The firm's 50 day moving average price is $93.99 and its 200-day moving average price is $99.47.

Stifel Financial (NYSE:SF - Get Free Report) last posted 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 company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the firm posted $1.49 EPS. The company's revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts forecast that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Monday, June 2nd. Stifel Financial's dividend payout ratio is presently 35.18%.

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.