Stifel Financial Corporation (NYSE:SF) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its holdings in Stifel Financial Corporation (NYSE:SF - Free Report) by 35.4% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 169,363 shares of the financial services provider's stock after selling 92,647 shares during the period. Los Angeles Capital Management LLC owned approximately 0.16% of Stifel Financial worth $15,964,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of SF. NBC Securities Inc. purchased a new position in shares of Stifel Financial in the 1st quarter valued at approximately $26,000. Alpine Bank Wealth Management purchased a new position in shares of Stifel Financial in the 1st quarter valued at approximately $27,000. Allworth Financial LP lifted its stake 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 period. MassMutual Private Wealth & Trust FSB increased its stake in shares of Stifel Financial by 123.6% during the first 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 in the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of Stifel Financial by 52.1% during the fourth quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 110 shares in the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on SF. The Goldman Sachs Group decreased their price objective on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. TD Cowen lowered their price target on shares of Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Wells Fargo & Company lifted their price target on shares of Stifel Financial from $102.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, July 11th. JPMorgan Chase & Co. lowered their price objective 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. Finally, Citigroup increased their target price on Stifel Financial from $94.00 to $115.00 and gave the stock a "neutral" rating in a research report on Monday, July 7th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $110.88.

Stifel Financial Stock Performance

Shares of SF traded up $1.86 during mid-day trading on Tuesday, reaching $110.67. The company had a trading volume of 533,009 shares, compared to its average volume of 687,305. Stifel Financial Corporation has a 52-week low of $73.27 and a 52-week high of $120.64. The company has a quick ratio of 0.77, a current ratio of 0.81 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average of $100.29 and a two-hundred day moving average of $99.57. The stock has a market capitalization of $11.37 billion, a P/E ratio of 21.16 and a beta of 1.09.

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 business had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter last year, the business earned $1.49 EPS. The company's quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts expect that Stifel Financial Corporation will post 8.26 earnings per share for the current year.

Stifel Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.46 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.84 dividend on an annualized basis and a yield of 1.66%. Stifel Financial's payout ratio is 35.18%.

Insider Buying and Selling

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 owned 45,833 shares of the company's stock, valued at approximately $4,431,592.77. The trade was a 17.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 4.57% of the company's stock.

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.