Campbell & CO Investment Adviser LLC Sells 11,642 Shares of Stifel Financial Corporation $SF

Key Points

• Campbell & CO Investment Adviser LLC reduced its stake in Stifel Financial Corporation by 19.9%, selling 11,642 shares during the first quarter, now holding 46,920 shares valued at approximately $4.4 million.
• Analysts have recently upgraded their ratings for Stifel Financial, with JMP Securities raising its price target from $120.00 to $130.00 and Citigroup upgrading from "neutral" to "buy" with a target increase to $135.00.
• Stifel Financial declared a quarterly dividend of $0.46 to be paid on September 16th, representing an annualized yield of 1.6% and a payout ratio of 35.66%.

Campbell & CO Investment Adviser LLC decreased its position in Stifel Financial Corporation (NYSE:SF - Free Report) by 19.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 46,920 shares of the financial services provider's stock after selling 11,642 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in Stifel Financial were worth $4,423,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Hancock Whitney Corp boosted its holdings in shares of Stifel Financial by 1.3% during the fourth quarter. Hancock Whitney Corp now owns 7,541 shares of the financial services provider's stock worth $800,000 after purchasing an additional 99 shares during the last quarter. Journey Strategic Wealth LLC grew its holdings in Stifel Financial by 4.2% in the first quarter. Journey Strategic Wealth LLC now owns 2,907 shares of the financial services provider's stock valued at $274,000 after purchasing an additional 117 shares during the period. Stratos Wealth Partners LTD. raised its stake in Stifel Financial by 3.0% during the first quarter. Stratos Wealth Partners LTD. now owns 4,328 shares of the financial services provider's stock worth $408,000 after purchasing an additional 127 shares during the period. MML Investors Services LLC boosted its holdings in shares of Stifel Financial by 0.5% in the 4th quarter. MML Investors Services LLC now owns 28,657 shares of the financial services provider's stock valued at $3,040,000 after purchasing an additional 136 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of Stifel Financial by 67.7% during the 1st quarter. Allworth Financial LP now owns 337 shares of the financial services provider's stock valued at $29,000 after buying an additional 136 shares during the period. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Stock Down 0.0%

Shares of NYSE SF traded down $0.01 during trading hours on Thursday, hitting $116.37. The stock had a trading volume of 544,682 shares, compared to its average volume of 790,661. The company has a market capitalization of $11.89 billion, a P/E ratio of 22.55 and a beta of 1.11. The firm's 50-day moving average price is $109.61 and its two-hundred day moving average price is $99.86. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.82. Stifel Financial Corporation has a 52 week low of $73.27 and a 52 week high of $120.64.

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

Stifel Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Stifel Financial's dividend payout ratio (DPR) is presently 35.66%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SF. Citigroup upgraded Stifel Financial from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $115.00 to $135.00 in a research note on Thursday, July 31st. Wells Fargo & Company boosted their price objective on shares of Stifel Financial from $102.00 to $125.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Stifel Nicolaus set a $135.00 price target on Stifel Financial in a report on Thursday, July 31st. Wall Street Zen raised Stifel Financial from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Finally, JMP Securities boosted their price target on shares of Stifel Financial from $120.00 to $130.00 and gave the stock a "market outperform" rating in a research report on Monday, July 14th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $115.78.

Insiders Place Their Bets

In other news, Director Michael J. Zimmerman sold 10,000 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $96.69, for a total transaction of $966,900.00. Following the completion of the transaction, the director directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired a total of 7 shares of company stock worth $781 in the last 90 days. 3.28% of the stock is 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.