Peregrine Capital Management LLC Acquires 5,012 Shares of Stifel Financial Corporation (NYSE:SF)

Peregrine Capital Management LLC increased its holdings in Stifel Financial Corporation (NYSE:SF - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 154,653 shares of the financial services provider's stock after purchasing an additional 5,012 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.15% of Stifel Financial worth $14,578,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. NBC Securities Inc. bought a new position in Stifel Financial during the 1st quarter worth approximately $26,000. Alpine Bank Wealth Management bought a new position in Stifel Financial during the first quarter worth $27,000. Bessemer Group Inc. raised its stake in Stifel Financial by 52.1% during the fourth quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock worth $34,000 after buying an additional 110 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Stifel Financial by 123.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider's stock valued at $31,000 after buying an additional 183 shares during the period. Finally, Quarry LP bought a new stake in Stifel Financial during the fourth quarter valued at $49,000. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Stifel Financial

In other news, Director Michael J. Zimmerman sold 10,000 shares of Stifel Financial stock in a transaction dated Friday, June 6th. The shares were 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 owns 45,833 shares in the company, valued at $4,431,592.77. This trade represents a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.57% of the company's stock.

Stifel Financial Trading Up 0.7%

SF opened at $103.82 on Monday. The firm has a market capitalization of $10.67 billion, a PE ratio of 19.85 and a beta of 1.07. Stifel Financial Corporation has a fifty-two week low of $73.27 and a fifty-two week high of $120.64. The company's 50-day moving average is $93.99 and its 200 day moving average is $99.39. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.77.

Stifel Financial (NYSE:SF - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $1.64 by ($1.15). Stifel Financial had a net margin of 12.26% and a return on equity of 13.88%. The firm had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter in the prior year, the company earned $1.49 EPS. The business's revenue for the quarter was up 7.9% on a year-over-year basis. As a group, research analysts predict that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid 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 was Monday, June 2nd. Stifel Financial's payout ratio is 35.18%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SF. Wolfe Research raised Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price objective on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group dropped their price target on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Wall Street Zen raised shares of Stifel Financial from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. JMP Securities lowered their price objective on shares of Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company cut their target price on shares of 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $105.50.

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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