Stifel Financial Corporation $SF Shares Sold by Hotchkis & Wiley Capital Management LLC

Key Points

• Hotchkis & Wiley Capital Management LLC reduced its holdings in Stifel Financial Corporation by 1.3%, owning 404,229 shares valued at approximately $38.1 million following the sale of 5,475 shares.
• Multiple institutional investors, including Vanguard Group, have increased their holdings in Stifel Financial, with Vanguard growing its position by 2.1%, now owning over $1 billion worth of shares.
• Stifel Financial reported a quarterly earnings per share of $1.71, exceeding estimates by $0.06, alongside a revenue of $1.28 billion, which was also above analyst expectations.

Hotchkis & Wiley Capital Management LLC trimmed its stake in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 1.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 404,229 shares of the financial services provider's stock after selling 5,475 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.39% of Stifel Financial worth $38,103,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. acquired a new position in Stifel Financial during the 1st quarter worth $26,000. Alpine Bank Wealth Management purchased a new stake in Stifel Financial during the 1st quarter worth about $27,000. Allworth Financial LP lifted its holdings in shares of Stifel Financial by 67.7% in the 1st 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. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Stifel Financial by 123.6% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 183 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Stifel Financial by 53.0% in the 1st quarter. Bessemer Group Inc. now owns 491 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 170 shares during the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Michael J. Zimmerman sold 10,000 shares of Stifel Financial stock in a transaction 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 trade 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 can be accessed through the SEC website. Insiders acquired a total of 7 shares of company stock worth $781 in the last 90 days. 4.57% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SF has been the subject of several research reports. Citigroup raised Stifel Financial from a "neutral" rating to a "buy" rating and boosted their target price for the company from $115.00 to $135.00 in a report on Thursday, July 31st. JMP Securities boosted their target price 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. Stifel Nicolaus set a $135.00 target price on Stifel Financial in a research report on Thursday, July 31st. Wall Street Zen upgraded Stifel Financial from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Finally, Wells Fargo & Company upped their price target on Stifel Financial from $102.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Stifel Financial presently has an average rating of "Moderate Buy" and a consensus price target of $115.78.

Stifel Financial Price Performance

NYSE:SF traded up $0.51 during trading hours on Wednesday, reaching $116.51. 839,980 shares of the company traded hands, compared to its average volume of 792,170. The firm's 50-day moving average is $109.23 and its 200-day moving average is $99.74. The stock has a market cap of $11.90 billion, a P/E ratio of 22.58 and a beta of 1.11. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.82 and a quick ratio of 0.77. 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 earnings results on Wednesday, July 30th. The financial services provider reported $1.71 EPS for the quarter, beating analysts' consensus estimates of $1.65 by $0.06. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%.The firm had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.25 billion. During the same quarter in the prior year, the firm earned $1.60 EPS. Stifel Financial's quarterly revenue was up 5.4% on a year-over-year basis. Equities research analysts expect that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.46 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $1.84 annualized dividend and a dividend yield of 1.6%. Stifel Financial's dividend payout ratio (DPR) is 35.66%.

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.