Fiera Capital Corp Sells 17,546 Shares of Stifel Financial Corporation (NYSE:SF)

Key Points

• Fiera Capital Corp reduced its stake in Stifel Financial Corporation by 2.7%, selling 17,546 shares, and now owns approximately 625,901 shares valued at $58.99 million.
• Stifel Financial recently paid a quarterly dividend of $0.46, representing a yield of 1.65%, with a dividend payout ratio of 35.18%.
• Analysts have mixed ratings for Stifel Financial, with some upgrading their price targets while others have downgraded the stock's rating, resulting in an average consensus rating of "Hold" and a price target of $110.88.

Fiera Capital Corp trimmed its stake in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 2.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 625,901 shares of the financial services provider's stock after selling 17,546 shares during the quarter. Fiera Capital Corp owned about 0.61% of Stifel Financial worth $58,997,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. NBC Securities Inc. bought a new stake in shares of Stifel Financial during the 1st quarter worth $26,000. Alpine Bank Wealth Management bought a new stake in shares of Stifel Financial during the 1st quarter worth $27,000. Bessemer Group Inc. lifted its position in shares of Stifel Financial by 52.1% during the 4th quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock worth $34,000 after buying an additional 110 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Stifel Financial by 123.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider's stock worth $31,000 after buying an additional 183 shares during the last quarter. Finally, Allworth Financial LP raised its position in Stifel Financial by 67.7% in the first quarter. Allworth Financial LP now owns 337 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 136 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SF has been the subject of several research reports. TD Cowen dropped their target price on Stifel Financial from $124.00 to $84.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Wall Street Zen downgraded Stifel Financial from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Citigroup upgraded Stifel Financial from a "neutral" rating to a "buy" rating and increased their target price for the company from $115.00 to $135.00 in a research report on Thursday. Wolfe Research upgraded Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 target price for the company in a research report on Thursday, April 24th. Finally, Stifel Nicolaus set a $135.00 target price on Stifel Financial in a research report on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Stifel Financial presently has an average rating of "Hold" and an average target price of $115.78.

Stifel Financial Trading Down 2.4%

Shares of SF stock traded down $2.75 on Friday, hitting $111.37. The company had a trading volume of 454,157 shares, compared to its average volume of 802,777. The firm has a market cap of $11.44 billion, a P/E ratio of 21.56 and a beta of 1.09. The stock's 50-day moving average is $102.80 and its two-hundred day moving average is $99.94. 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 Corporation has a twelve month low of $73.27 and a twelve month high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last released its earnings results on Wednesday, July 30th. The financial services provider reported $1.71 EPS for the quarter, topping the consensus estimate of $1.65 by $0.06. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%. The business had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.25 billion. During the same quarter last year, the firm posted $1.60 earnings per share. The firm's revenue was up 5.4% on a year-over-year basis. On average, equities research analysts anticipate that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.84 annualized dividend and a yield of 1.7%. Stifel Financial's dividend payout ratio (DPR) is currently 35.18%.

Insider Buying and Selling

In other Stifel Financial news, Director Michael J. Zimmerman sold 10,000 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $96.69, for a total value of $966,900.00. Following the transaction, the director owned 45,833 shares in the company, valued at approximately $4,431,592.77. This represents a 17.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.28% of the stock is owned by corporate insiders.

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.