Stifel Financial Corp. (NYSE:SF) Shares Sold by Castleark Management LLC

Castleark Management LLC lowered its stake in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 4.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 73,660 shares of the financial services provider's stock after selling 3,170 shares during the period. Castleark Management LLC owned approximately 0.07% of Stifel Financial worth $7,814,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC grew 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 valued at $915,346,000 after acquiring an additional 672,420 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Stifel Financial by 32.2% during the fourth 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 during the period. Fisher Asset Management LLC raised its stake in shares of Stifel Financial by 5.2% in the fourth quarter. Fisher Asset Management LLC now owns 1,540,584 shares of the financial services provider's stock valued at $163,425,000 after acquiring an additional 76,163 shares in the last quarter. Norges Bank purchased a new position in Stifel Financial in the fourth quarter valued at $137,448,000. Finally, Invesco Ltd. boosted its holdings in Stifel Financial by 18.2% in the fourth quarter. Invesco Ltd. now owns 1,207,465 shares of the financial services provider's stock valued at $128,088,000 after purchasing an additional 186,352 shares during the period. Institutional investors and hedge funds own 82.01% of the company's stock.

Stifel Financial Stock Down 1.1%

Shares of NYSE:SF traded down $1.08 during trading on Monday, hitting $93.22. 613,206 shares of the company were exchanged, compared to its average volume of 684,517. The firm's 50 day moving average price is $90.16 and its 200-day moving average price is $102.49. Stifel Financial Corp. has a 12-month low of $73.27 and a 12-month high of $120.64. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The stock has a market capitalization of $9.58 billion, a P/E ratio of 14.94 and a beta of 1.07.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.64 by ($1.15). The company had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.32 billion. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. Stifel Financial's revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $1.49 earnings per share. On average, research analysts predict that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Monday, June 2nd. Stifel Financial's dividend payout ratio (DPR) is 35.18%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SF shares. Wells Fargo & Company reduced their price target on Stifel Financial from $106.00 to $102.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group reduced their target price on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. JMP Securities lowered their price target on shares of Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Citigroup dropped their price objective on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Finally, UBS Group boosted their target price on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $105.50.

Stifel Financial 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.