6,757 Shares in Stifel Financial Corporation (NYSE:SF) Acquired by Edmp Inc.

Edmp Inc. acquired a new position in Stifel Financial Corporation (NYSE:SF - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 also recently made changes to their positions in the stock. Moran Wealth Management LLC acquired a new position in shares of Stifel Financial in the first quarter worth approximately $10,200,000. Asset Management One Co. Ltd. acquired a new position in shares of Stifel Financial in the first quarter worth approximately $1,165,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Stifel Financial in the first quarter worth approximately $361,000. TT International Asset Management LTD lifted its stake in Stifel Financial by 46.5% in the first quarter. TT International Asset Management LTD now owns 38,126 shares of the financial services provider's stock valued at $3,594,000 after buying an additional 12,108 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in Stifel Financial by 0.8% in the first quarter. State of Alaska Department of Revenue now owns 36,742 shares of the financial services provider's stock valued at $3,462,000 after buying an additional 300 shares during the period. 82.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Michael J. Zimmerman sold 10,000 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $96.69, for a total transaction of $966,900.00. Following the completion of the sale, the director now owns 45,833 shares in the company, valued at approximately $4,431,592.77. This represents a 17.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 4.57% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. The Goldman Sachs Group dropped their price target on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. TD Cowen dropped their price target on Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Wall Street Zen raised Stifel Financial from a "sell" rating to a "hold" rating in a research note on Saturday. Wells Fargo & Company dropped their price target on Stifel Financial from $106.00 to $102.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, Wolfe Research raised Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price target on the stock in a research note on Thursday, April 24th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Stifel Financial currently has a consensus rating of "Hold" and a consensus target price of $105.50.

Stifel Financial Trading Up 1.6%

NYSE SF opened at $100.73 on Wednesday. The company has a market cap of $10.35 billion, a price-to-earnings ratio of 19.26 and a beta of 1.07. Stifel Financial Corporation has a 52 week low of $73.27 and a 52 week high of $120.64. The business has a 50 day moving average price of $92.88 and a 200-day moving average price of $99.64. 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 (NYSE:SF - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $1.64 by ($1.15). The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. Stifel Financial had a net margin of 12.26% and a return on equity of 13.88%. The company's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.49 EPS. As a group, equities analysts expect that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.84 annualized dividend and a yield of 1.83%. Stifel Financial's dividend payout ratio (DPR) is currently 35.18%.

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.

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