Diversified Trust Co Makes New Investment in Stifel Financial Corporation (NYSE:SF)

Diversified Trust Co purchased a new position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,796 shares of the financial services provider's stock, valued at approximately $1,112,000.

Other hedge funds have also modified their holdings of the company. Hancock Whitney Corp boosted its holdings in Stifel Financial by 1.3% during the 4th quarter. Hancock Whitney Corp now owns 7,541 shares of the financial services provider's stock valued at $800,000 after acquiring an additional 99 shares during the period. Bessemer Group Inc. boosted its holdings in Stifel Financial by 52.1% during the 4th quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 110 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Stifel Financial by 26.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider's stock valued at $56,000 after acquiring an additional 111 shares during the period. MML Investors Services LLC boosted its holdings in Stifel Financial by 0.5% during 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 acquiring an additional 136 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in Stifel Financial by 7.2% during the 4th quarter. Quadrant Capital Group LLC now owns 2,060 shares of the financial services provider's stock valued at $219,000 after acquiring an additional 138 shares during the period. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SF has been the subject of a number of research analyst reports. TD Cowen lowered their target price on Stifel Financial from $124.00 to $84.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. JPMorgan Chase & Co. decreased their price objective on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Citigroup decreased their price objective on Stifel Financial from $125.00 to $105.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Wall Street Zen upgraded Stifel Financial from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, Wolfe Research upgraded 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. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Stifel Financial currently has an average rating of "Hold" and a consensus price target of $105.50.

Insider Transactions at Stifel Financial

In other news, Director Michael J. Zimmerman sold 10,000 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $96.69, for a total transaction of $966,900.00. Following the sale, the director now owns 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.28% of the company's stock.

Stifel Financial Stock Up 0.7%

Shares of SF traded up $0.67 during midday trading on Friday, hitting $103.82. The company had a trading volume of 1,015,479 shares, compared to its average volume of 684,251. The company's 50-day simple moving average is $93.99 and its 200-day simple moving average is $99.47. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.81. The firm has a market capitalization of $10.67 billion, a P/E ratio of 19.85 and a beta of 1.07. Stifel Financial Corporation has a 1 year low of $73.27 and a 1 year high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last issued its 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 return on equity of 13.88% and a net margin of 12.26%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the business posted $1.49 EPS. Stifel Financial's revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts expect that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Monday, June 2nd. Stifel Financial's dividend payout ratio (DPR) is presently 35.18%.

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.