Integrated Advisors Network LLC Sells 42,975 Shares of Stifel Financial Corporation (NYSE:SF)

Integrated Advisors Network LLC lessened its holdings in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 94.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,319 shares of the financial services provider's stock after selling 42,975 shares during the period. Integrated Advisors Network LLC's holdings in Stifel Financial were worth $219,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in SF. FMR LLC increased its stake in shares of Stifel Financial by 8.5% in the 4th quarter. FMR LLC now owns 8,628,832 shares of the financial services provider's stock valued at $915,346,000 after acquiring an additional 672,420 shares during the last quarter. Wellington Management Group LLP grew its holdings in Stifel Financial by 32.2% during the fourth quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider's stock valued at $274,637,000 after purchasing an additional 630,255 shares during the period. Fisher Asset Management LLC increased its stake in Stifel Financial by 5.2% in the fourth quarter. Fisher Asset Management LLC now owns 1,540,584 shares of the financial services provider's stock valued at $163,425,000 after purchasing an additional 76,163 shares in the last quarter. Norges Bank acquired a new stake in Stifel Financial in the fourth quarter worth $137,448,000. Finally, Invesco Ltd. raised its holdings in Stifel Financial by 18.2% in the fourth quarter. Invesco Ltd. now owns 1,207,465 shares of the financial services provider's stock worth $128,088,000 after purchasing an additional 186,352 shares during the period. Institutional investors own 82.01% of the company's stock.

Stifel Financial Stock Up 1.2%

Shares of Stifel Financial stock traded up $1.19 during trading on Thursday, reaching $97.16. The stock had a trading volume of 661,627 shares, compared to its average volume of 678,364. The company has a market capitalization of $9.98 billion, a price-to-earnings ratio of 18.58 and a beta of 1.07. The stock has a fifty day moving average price of $91.63 and a two-hundred day moving average price of $100.17. Stifel Financial Corporation has a 52 week low of $73.27 and a 52 week high of $120.64. The company has a current ratio of 0.81, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28.

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. Sell-side analysts predict that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Monday, June 2nd. Stifel Financial's dividend payout ratio is presently 35.18%.

Wall Street Analyst Weigh In

A number of research firms recently commented on SF. Wall Street Zen upgraded shares of Stifel Financial from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Citigroup decreased their target price 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. TD Cowen dropped their price target on Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. JPMorgan Chase & Co. cut their price objective on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. 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 report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $105.50.

Insider Buying and Selling

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 value of $966,900.00. Following the completion of the transaction, the director now owns 45,833 shares in the company, valued at $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 available at the SEC website. 3.28% of the stock is currently owned by corporate insiders.

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.