Diversified Trust Co Makes New $1.11 Million Investment in Stifel Financial Corporation (NYSE:SF)

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

A number of other institutional investors have also recently added to or reduced their stakes in SF. NBC Securities Inc. purchased a new stake in shares of Stifel Financial in the 1st quarter worth about $26,000. Alpine Bank Wealth Management acquired a new position in Stifel Financial during the first quarter worth about $27,000. MassMutual Private Wealth & Trust FSB raised its position in Stifel Financial by 123.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider's stock worth $31,000 after acquiring an additional 183 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Stifel Financial by 52.1% in the fourth quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 110 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Stifel Financial in the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 82.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Wall Street Zen upgraded Stifel Financial from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. JMP Securities cut their price target on 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 decreased their price objective on Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. dropped their price objective on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, 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 note on Wednesday, April 9th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $105.50.

Insider Activity

In other Stifel Financial news, Director Michael J. Zimmerman sold 10,000 shares of the company's stock in a transaction that occurred on 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 owned 45,833 shares in the company, valued at $4,431,592.77. This represents a 17.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 4.57% of the company's stock.

Stifel Financial Trading Up 1.8%

Stifel Financial stock traded up $1.92 during trading on Wednesday, hitting $107.18. The company's stock had a trading volume of 487,674 shares, compared to its average volume of 682,901. 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 stock has a market capitalization of $11.01 billion, a price-to-earnings ratio of 20.47 and a beta of 1.09. The stock's fifty day moving average is $94.79 and its 200 day moving average is $99.38. 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 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 analyst estimates of $1.32 billion. Stifel Financial had a net margin of 12.26% and a return on equity of 13.88%. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.49 EPS. As a group, equities research analysts predict that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid 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 yield of 1.72%. 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.