Envestnet Portfolio Solutions Inc. Has $849,000 Stock Position in Stifel Financial Corporation (NYSE:SF)

Envestnet Portfolio Solutions Inc. reduced its position in Stifel Financial Corporation (NYSE:SF - Free Report) by 47.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,002 shares of the financial services provider's stock after selling 8,211 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Stifel Financial were worth $849,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. acquired a new position in Stifel Financial during the first quarter worth $26,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Stifel Financial by 123.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 183 shares during the last quarter. Bessemer Group Inc. boosted its holdings in 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 acquiring an additional 110 shares during the last quarter. Quarry LP bought a new position in Stifel Financial in the fourth quarter valued at about $49,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Stifel Financial by 26.6% in the fourth 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 last quarter. 82.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SF has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their target price on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. TD Cowen reduced their target price on Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Wolfe Research upgraded Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 target price on the stock in a report on Thursday, April 24th. Citigroup cut their price objective on Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Finally, Wells Fargo & Company cut their price objective on Stifel Financial from $106.00 to $102.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $105.50.

Insider Activity at Stifel Financial

In other Stifel Financial news, Director Michael J. Zimmerman sold 10,000 shares of the business'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 transaction, the director now owns 45,833 shares of the company's stock, valued at $4,431,592.77. The trade was a 17.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.57% of the stock is owned by insiders.

Stifel Financial Stock Up 0.7%

Stifel Financial stock traded up $0.67 during midday trading on Friday, reaching $103.82. The stock had a trading volume of 1,015,479 shares, compared to its average volume of 684,251. The firm's fifty day simple moving average is $93.99 and its 200-day simple moving average is $99.39. Stifel Financial Corporation has a 1-year low of $73.27 and a 1-year high of $120.64. The stock has a market capitalization of $10.67 billion, a P/E ratio of 19.85 and a beta of 1.07. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.81.

Stifel Financial (NYSE:SF - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analyst estimates of $1.32 billion. During the same period in the prior year, the business posted $1.49 EPS. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. As a group, analysts expect that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Announces Dividend

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

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.