Asset Management One Co. Ltd. Acquires Shares of 12,355 Stifel Financial Corporation (NYSE:SF)

Asset Management One Co. Ltd. acquired a new stake in shares of Stifel Financial Corporation (NYSE:SF - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,355 shares of the financial services provider's stock, valued at approximately $1,165,000.

Other large investors have also recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of Stifel Financial by 8.5% in the fourth quarter. FMR LLC now owns 8,628,832 shares of the financial services provider's stock valued at $915,346,000 after buying an additional 672,420 shares during the period. Wellington Management Group LLP raised its position 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 valued at $274,637,000 after buying an additional 630,255 shares during the last quarter. Norges Bank bought a new stake in Stifel Financial in the 4th quarter valued at approximately $137,448,000. Invesco Ltd. boosted its position in Stifel Financial by 18.2% during the 4th quarter. Invesco Ltd. now owns 1,207,465 shares of the financial services provider's stock worth $128,088,000 after acquiring an additional 186,352 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Stifel Financial by 14.8% during the 4th quarter. Northern Trust Corp now owns 1,128,978 shares of the financial services provider's stock worth $119,762,000 after acquiring an additional 145,902 shares in the last quarter. Institutional investors own 82.01% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Stifel Financial from $123.00 to $100.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Citigroup dropped their target price on Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. JMP Securities cut their price objective on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. TD Cowen lowered 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. Finally, The Goldman Sachs Group cut 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 note on Thursday, April 3rd. Six 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 an average price target of $105.50.

Insider Buying and Selling at Stifel Financial

In related news, Director Michael J. Zimmerman sold 10,000 shares of the business's 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 directly owned 45,833 shares in the company, valued at $4,431,592.77. The trade was a 17.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 4.57% of the company's stock.

Stifel Financial Stock Performance

SF stock traded up $1.43 during midday trading on Tuesday, reaching $105.21. 534,959 shares of the company were exchanged, compared to its average volume of 810,364. Stifel Financial Corporation has a one year low of $73.27 and a one year high of $120.64. The firm has a market capitalization of $10.81 billion, a price-to-earnings ratio of 20.12 and a beta of 1.07. The business has a 50-day moving average price of $94.40 and a two-hundred day moving average price of $99.34. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.77.

Stifel Financial (NYSE:SF - Get Free Report) last announced its earnings results 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 company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. Stifel Financial had a return on equity of 13.88% and a net margin of 12.26%. The business's quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.49 EPS. Equities research analysts forecast that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Monday, June 2nd. Stifel Financial's payout ratio is 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.