Invesco Ltd. Purchases 4,115 Shares of Stifel Financial Corporation (NYSE:SF)

Invesco Ltd. lifted its position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 0.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,211,580 shares of the financial services provider's stock after purchasing an additional 4,115 shares during the quarter. Invesco Ltd. owned 1.18% of Stifel Financial worth $114,204,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in Stifel Financial by 47,124.2% in the 1st quarter. GAMMA Investing LLC now owns 425,018 shares of the financial services provider's stock valued at $40,062,000 after acquiring an additional 424,118 shares in the last quarter. Vanguard Group Inc. lifted its position in Stifel Financial by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 10,620,407 shares of the financial services provider's stock valued at $1,001,080,000 after acquiring an additional 217,415 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its position in Stifel Financial by 54.7% in 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 in the last quarter. Northern Trust Corp lifted its position in Stifel Financial by 14.8% in the 4th quarter. Northern Trust Corp now owns 1,128,978 shares of the financial services provider's stock valued at $119,762,000 after acquiring an additional 145,902 shares in the last quarter. Finally, Moran Wealth Management LLC bought a new stake in Stifel Financial in the 1st quarter valued at $10,200,000. 82.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SF shares. Wolfe Research raised shares of Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price objective on the stock in a research report on Thursday, April 24th. Citigroup raised shares of Stifel Financial from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $115.00 to $135.00 in a research report on Thursday, July 31st. Stifel Nicolaus set a $135.00 target price on shares of Stifel Financial in a research report on Thursday, July 31st. Wall Street Zen raised shares of Stifel Financial from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Finally, JMP Securities raised their target price on shares of Stifel Financial from $120.00 to $130.00 and gave the company a "market outperform" rating in a research report on Monday, July 14th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $115.78.

Insider Buying and Selling at Stifel Financial

In other news, Director Michael J. Zimmerman sold 10,000 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $96.69, for a total transaction of $966,900.00. Following the transaction, the director directly owned 45,833 shares in the company, 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 at this link. 3.28% of the stock is owned by corporate insiders.

Stifel Financial Stock Performance

Shares of SF opened at $115.79 on Friday. The company has a market cap of $11.83 billion, a PE ratio of 22.44 and a beta of 1.11. The firm has a 50-day moving average of $106.52 and a 200-day moving average of $99.92. Stifel Financial Corporation has a one year low of $73.27 and a one year high of $120.64. 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 (NYSE:SF - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.06. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. Stifel Financial's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.60 EPS. As a group, equities analysts forecast that Stifel Financial Corporation will post 8.26 earnings per share for the current year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid 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 payout ratio is currently 35.66%.

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.

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