Integrated Advisors Network LLC Lowers Position in Stifel Financial Corp. (NYSE:SF)

Integrated Advisors Network LLC decreased its holdings in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 94.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SF. V Square Quantitative Management LLC acquired a new position in Stifel Financial in the 4th quarter valued at $26,000. FORA Capital LLC acquired a new stake in shares of Stifel Financial during the 4th quarter worth about $672,000. Wedge Capital Management L L P NC increased its position in shares of Stifel Financial by 28.0% during the 1st quarter. Wedge Capital Management L L P NC now owns 22,568 shares of the financial services provider's stock worth $2,127,000 after purchasing an additional 4,942 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Stifel Financial by 26.1% during the 1st quarter. Harbor Capital Advisors Inc. now owns 51,957 shares of the financial services provider's stock worth $4,897,000 after purchasing an additional 10,757 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc boosted its holdings in Stifel Financial by 54.7% during the 1st quarter. AEGON ASSET MANAGEMENT UK Plc now owns 416,693 shares of the financial services provider's stock valued at $39,244,000 after acquiring an additional 147,263 shares during the period. Hedge funds and other institutional investors own 82.01% of the company's stock.

Wall Street Analysts Forecast Growth

SF has been the subject of a number of research analyst reports. Wall Street Zen upgraded Stifel Financial from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. The Goldman Sachs Group cut their target price on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. JPMorgan Chase & Co. cut their target price on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company cut their price target on Stifel Financial from $106.00 to $102.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, Wolfe Research raised Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price target on the stock in a research report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $105.50.

Insider Transactions at Stifel Financial

In related news, Director Michael J. Zimmerman sold 10,000 shares of the company's 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 completion of the transaction, the director now directly owns 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.28% of the company's stock.

Stifel Financial Stock Down 1.6%

Stifel Financial stock opened at $95.39 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. Stifel Financial Corp. has a 1-year low of $73.27 and a 1-year high of $120.64. The company has a market cap of $9.80 billion, a PE ratio of 15.29 and a beta of 1.07. The stock's 50 day moving average price is $90.81 and its 200 day moving average price is $100.34.

Stifel Financial (NYSE:SF - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $1.64 by ($1.15). The firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.32 billion. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.49 earnings per share. On average, sell-side analysts predict that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.46 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.93%. Stifel Financial's dividend payout ratio (DPR) is 35.18%.

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.

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