Diamond Hill Capital Management Inc. Decreases Stock Position in Stifel Financial Corporation (NYSE:SF)

Diamond Hill Capital Management Inc. decreased its stake in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 13.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 199,651 shares of the financial services provider's stock after selling 30,487 shares during the quarter. Diamond Hill Capital Management Inc. owned about 0.19% of Stifel Financial worth $18,819,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SF. Norges Bank bought a new stake in Stifel Financial in the 4th quarter worth approximately $137,448,000. FMR LLC lifted its holdings in 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 acquiring an additional 672,420 shares during the period. Wellington Management Group LLP boosted its position in Stifel Financial by 32.2% in 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 purchasing an additional 630,255 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Stifel Financial by 47,124.2% during the 1st quarter. GAMMA Investing LLC now owns 425,018 shares of the financial services provider's stock valued at $40,062,000 after purchasing an additional 424,118 shares during the period. Finally, Walleye Capital LLC increased its position in shares of Stifel Financial by 477.9% during the 4th quarter. Walleye Capital LLC now owns 238,945 shares of the financial services provider's stock valued at $25,347,000 after purchasing an additional 197,598 shares during the last quarter. 82.01% of the stock is owned by institutional investors.

Stifel Financial Price Performance

SF stock traded up $1.65 during mid-day trading on Friday, reaching $112.67. The company's stock had a trading volume of 743,254 shares, compared to its average volume of 667,335. Stifel Financial Corporation has a fifty-two week low of $73.27 and a fifty-two week high of $120.64. The stock has a market cap of $11.57 billion, a PE ratio of 21.54 and a beta of 1.09. The company has a current ratio of 0.81, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. The company's 50 day moving average is $101.21 and its two-hundred day moving average is $99.74.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($1.15). Stifel Financial had a net margin of 12.26% and a return on equity of 13.88%. The firm had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same period last year, the company earned $1.49 EPS. The business's quarterly revenue was up 7.9% on a year-over-year basis. Equities research analysts expect that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Monday, June 2nd. Stifel Financial's dividend payout ratio (DPR) is currently 35.18%.

Insiders Place Their Bets

In related news, Director Michael J. Zimmerman sold 10,000 shares of the business's 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 completion of 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 SEC, which is accessible through the SEC website. 3.28% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SF. TD Cowen cut their target price on shares of Stifel Financial from $124.00 to $84.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. The Goldman Sachs Group cut 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 report on Thursday, April 3rd. Wall Street Zen raised Stifel Financial from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. Wells Fargo & Company boosted their price target on Stifel Financial from $102.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Finally, JMP Securities upped 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. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $110.88.

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.