Moran Wealth Management LLC Purchases Shares of 108,209 Stifel Financial Corporation (NYSE:SF)

Moran Wealth Management LLC bought a new stake in Stifel Financial Corporation (NYSE:SF - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 108,209 shares of the financial services provider's stock, valued at approximately $10,200,000. Moran Wealth Management LLC owned about 0.10% of Stifel Financial at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. purchased a new position in Stifel Financial in the first quarter valued at about $1,165,000. Cambridge Investment Research Advisors Inc. purchased a new position in Stifel Financial in the first quarter valued at about $361,000. TT International Asset Management LTD grew its stake in Stifel Financial by 46.5% in the first quarter. TT International Asset Management LTD now owns 38,126 shares of the financial services provider's stock valued at $3,594,000 after purchasing an additional 12,108 shares during the last quarter. State of Alaska Department of Revenue grew its stake in Stifel Financial by 0.8% in the first quarter. State of Alaska Department of Revenue now owns 36,742 shares of the financial services provider's stock valued at $3,462,000 after purchasing an additional 300 shares during the last quarter. Finally, QRG Capital Management Inc. grew its stake in Stifel Financial by 2.2% in the first quarter. QRG Capital Management Inc. now owns 17,032 shares of the financial services provider's stock valued at $1,605,000 after purchasing an additional 372 shares during the last quarter. Hedge funds and other institutional investors own 82.01% of the company's stock.

Insider Buying and Selling

In related news, Director Michael J. Zimmerman sold 10,000 shares of Stifel Financial stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $96.69, for a total transaction of $966,900.00. Following the completion of the sale, the director now owns 45,833 shares of the company's stock, valued at $4,431,592.77. The trade was a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.28% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on SF shares. Wall Street Zen upgraded Stifel Financial from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Wolfe Research upgraded Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price target on the stock in a research note on Thursday, April 24th. JMP Securities dropped their price target on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. dropped their price target on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, Wells Fargo & Company dropped their price target on Stifel Financial from $106.00 to $102.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Stifel Financial currently has an average rating of "Hold" and a consensus target price of $105.50.

Stifel Financial Stock Up 0.7%

Shares of SF stock traded up $0.67 during trading hours on Friday, reaching $103.82. 1,015,479 shares of the company's stock were exchanged, compared to its average volume of 684,251. 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 Corporation has a 1 year low of $73.27 and a 1 year high of $120.64. The stock has a market cap of $10.67 billion, a PE ratio of 19.85 and a beta of 1.07. The stock's fifty day moving average price is $93.99 and its two-hundred day moving average price is $99.47.

Stifel Financial (NYSE:SF - Get Free Report) last released 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). Stifel Financial had a return on equity of 13.88% and a net margin of 12.26%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the firm earned $1.49 EPS. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. Research analysts predict that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Monday, June 2nd. Stifel Financial's dividend payout ratio (DPR) is 35.18%.

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.