Stifel Financial Corporation (NYSE:SF) Shares Acquired by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH increased its holdings in Stifel Financial Corporation by 187.9%, acquiring an additional 4,424 shares, bringing its total to 6,779 shares valued at $639,000.
• Stifel Financial's shares traded down 2.7% to $111.04, with a market cap of $11.41 billion and a P/E ratio of 21.52 as of the latest reporting.
• Stifel Financial recently declared a quarterly dividend of $0.46, representing a 1.7% dividend yield, with an annualized payout ratio of 35.66%.

Allianz Asset Management GmbH raised its stake in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 187.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,779 shares of the financial services provider's stock after buying an additional 4,424 shares during the quarter. Allianz Asset Management GmbH's holdings in Stifel Financial were worth $639,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SF. FMR LLC raised its position in 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 purchasing an additional 672,420 shares during the period. Invesco Ltd. grew its stake in shares of Stifel Financial by 18.2% during the fourth quarter. Invesco Ltd. now owns 1,207,465 shares of the financial services provider's stock valued at $128,088,000 after buying an additional 186,352 shares during the last quarter. Northern Trust Corp grew its stake in shares of Stifel Financial by 14.8% during the fourth quarter. Northern Trust Corp now owns 1,128,978 shares of the financial services provider's stock valued at $119,762,000 after buying an additional 145,902 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Stifel Financial by 2.9% in the fourth quarter. Bank of America Corp DE now owns 1,030,348 shares of the financial services provider's stock worth $109,299,000 after buying an additional 29,344 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of 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 valued at $40,062,000 after acquiring an additional 424,118 shares during the last quarter. Institutional investors own 82.01% of the company's stock.

Stifel Financial Trading Down 0.1%

Shares of NYSE:SF traded down $0.10 on Tuesday, hitting $112.17. The company had a trading volume of 134,392 shares, compared to its average volume of 799,828. 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 1 year low of $73.27 and a 1 year high of $120.64. The firm's 50-day simple moving average is $103.54 and its two-hundred day simple moving average is $99.80. The firm has a market capitalization of $11.52 billion, a price-to-earnings ratio of 21.73 and a beta of 1.11.

Stifel Financial (NYSE:SF - Get Free Report) last released its earnings results on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share for the quarter, topping analysts' consensus estimates of $1.65 by $0.06. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the firm earned $1.60 EPS. The company's revenue was up 5.4% compared to the same quarter last year. Equities analysts anticipate that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.46 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.6%. Stifel Financial's dividend payout ratio is presently 35.66%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JMP Securities raised their price target on Stifel Financial from $120.00 to $130.00 and gave the stock a "market outperform" rating in a research report on Monday, July 14th. TD Cowen cut their target price on shares of Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Wells Fargo & Company lifted their target price on shares of Stifel Financial from $102.00 to $125.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Citigroup raised shares of Stifel Financial from a "neutral" rating to a "buy" rating and increased their price target for the company from $115.00 to $135.00 in a research report on Thursday, July 31st. Finally, Wall Street Zen raised shares of Stifel Financial from a "sell" rating to a "hold" rating in a report on Sunday. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $115.78.

Insider Activity at Stifel Financial

In other Stifel Financial news, Director Michael J. Zimmerman sold 10,000 shares of Stifel Financial stock in a transaction on Friday, June 6th. The stock was sold at an average price of $96.69, for a total value of $966,900.00. Following the completion of the sale, the director owned 45,833 shares of the company's stock, valued at approximately $4,431,592.77. This trade represents a 17.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.57% of the stock is currently owned by insiders.

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.