Moran Wealth Management LLC Takes Position in Stifel Financial Corporation (NYSE:SF)

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

A number of other large investors also recently bought and sold shares of SF. Asset Management One Co. Ltd. purchased a new position in Stifel Financial in the first quarter valued at $1,165,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Stifel Financial in the 1st quarter valued at about $361,000. TT International Asset Management LTD raised its holdings in Stifel Financial by 46.5% in the 1st quarter. TT International Asset Management LTD now owns 38,126 shares of the financial services provider's stock worth $3,594,000 after purchasing an additional 12,108 shares during the period. State of Alaska Department of Revenue raised its holdings in Stifel Financial by 0.8% in the 1st quarter. State of Alaska Department of Revenue now owns 36,742 shares of the financial services provider's stock worth $3,462,000 after purchasing an additional 300 shares during the period. Finally, QRG Capital Management Inc. boosted its position in Stifel Financial by 2.2% during the first quarter. QRG Capital Management Inc. now owns 17,032 shares of the financial services provider's stock worth $1,605,000 after purchasing an additional 372 shares in the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Price Performance

SF traded up $0.89 on Thursday, hitting $103.29. 1,027,947 shares of the company's stock were exchanged, compared to its average volume of 684,386. Stifel Financial Corporation has a fifty-two week low of $73.27 and a fifty-two week high of $120.64. The stock has a market cap of $10.61 billion, a price-to-earnings ratio of 19.75 and a beta of 1.07. The firm has a 50-day moving average price of $93.25 and a 200-day moving average price of $99.66. 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 posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($1.15). The business had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.32 billion. Stifel Financial had a return on equity of 13.88% and a net margin of 12.26%. The business's quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.49 earnings per share. As a group, equities analysts anticipate that Stifel Financial Corporation will post 8.26 earnings per share for the current year.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Monday, June 2nd. Stifel Financial's dividend payout ratio (DPR) is 35.18%.

Insider Transactions at Stifel Financial

In other Stifel Financial 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 sale, the director now directly owns 45,833 shares in the company, valued at $4,431,592.77. This represents a 17.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.28% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JMP Securities cut their price objective on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. reduced their price objective on shares of Stifel Financial from $123.00 to $100.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. The Goldman Sachs Group decreased their price objective on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Wall Street Zen upgraded shares of Stifel Financial from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Finally, Wells Fargo & Company reduced their price target on shares of Stifel Financial from $106.00 to $102.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Stifel Financial presently has a consensus rating of "Hold" and a consensus target price of $105.50.

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.