12,355 Shares in Stifel Financial Corporation (NYSE:SF) Bought by Asset Management One Co. Ltd.

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

A number of other institutional investors and hedge funds have also recently made changes to their positions in SF. FMR LLC boosted its position in shares of Stifel Financial by 8.5% during 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 in the last quarter. Wellington Management Group LLP boosted its position in shares of Stifel Financial by 32.2% during 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 acquiring an additional 630,255 shares in the last quarter. Norges Bank acquired a new stake in shares of Stifel Financial during the 4th quarter worth approximately $137,448,000. Invesco Ltd. boosted its position in shares of 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 in the last quarter. Finally, Northern Trust Corp boosted its position 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 and hedge funds own 82.01% of the company's stock.

Insider Activity 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.28% of the company's stock.

Wall Street Analyst Weigh In

SF has been the topic of several analyst reports. Wells Fargo & Company reduced their price target on shares of Stifel Financial from $106.00 to $102.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. reduced their price target on shares of Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Citigroup dropped their price objective on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Wolfe Research raised shares of Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price objective for the company in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group dropped their price objective 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Stifel Financial currently has a consensus rating of "Hold" and an average target price of $105.50.

Stifel Financial Trading Up 1.7%

Shares of NYSE:SF traded up $1.85 during mid-day trading on Friday, reaching $109.20. 466,965 shares of the company's stock were exchanged, compared to its average volume of 685,576. The firm has a market capitalization of $11.22 billion, a price-to-earnings ratio of 20.88 and a beta of 1.09. The business's fifty day moving average price is $96.22 and its 200-day moving average price is $99.45. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.81. Stifel Financial Corporation has a twelve month low of $73.27 and a twelve month high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly 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). The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.32 billion. Stifel Financial had a return on equity of 13.88% and a net margin of 12.26%. Stifel Financial's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.49 EPS. On average, research analysts predict that Stifel Financial Corporation will post 8.26 EPS for the current fiscal 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 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 1.68%. Stifel Financial's dividend payout ratio (DPR) is presently 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.