Stifel Financial Corporation (NYSE:SF) Shares Sold by Trust Point Inc.

Trust Point Inc. trimmed its position in Stifel Financial Corporation (NYSE:SF - Free Report) by 28.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,566 shares of the financial services provider's stock after selling 3,078 shares during the quarter. Trust Point Inc.'s holdings in Stifel Financial were worth $713,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Van ECK Associates Corp raised its position in shares of Stifel Financial by 35.6% during the 4th quarter. Van ECK Associates Corp now owns 72,889 shares of the financial services provider's stock valued at $7,732,000 after buying an additional 19,118 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in Stifel Financial during the fourth quarter valued at approximately $26,000. Legacy Capital Wealth Partners LLC lifted its stake in shares of Stifel Financial by 5.1% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 3,936 shares of the financial services provider's stock valued at $418,000 after purchasing an additional 190 shares during the last quarter. Principal Securities Inc. lifted its stake in shares of Stifel Financial by 10.1% in the 4th quarter. Principal Securities Inc. now owns 1,642 shares of the financial services provider's stock valued at $174,000 after purchasing an additional 150 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in shares of Stifel Financial by 0.9% in the 4th quarter. Sanctuary Advisors LLC now owns 49,578 shares of the financial services provider's stock worth $5,830,000 after purchasing an additional 465 shares during the period. 82.01% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Stifel Financial news, Director Michael J. Zimmerman sold 10,000 shares of the firm'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 sale, the director now directly 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.28% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SF. Wall Street Zen upgraded Stifel Financial from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Wells Fargo & Company cut their price objective on Stifel Financial from $106.00 to $102.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Wolfe Research upgraded Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 target price for the company in a research report on Thursday, April 24th. Citigroup lowered their target price on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Finally, JMP Securities reduced their price target on shares of 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. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $105.50.

Stifel Financial Price Performance

Shares of NYSE:SF traded up $0.25 during midday trading on Friday, hitting $97.47. The company had a trading volume of 853,735 shares, compared to its average volume of 679,170. Stifel Financial Corporation has a twelve month low of $73.27 and a twelve month high of $120.64. The stock has a market cap of $10.01 billion, a price-to-earnings ratio of 18.64 and a beta of 1.07. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.77. The business's 50-day simple moving average is $91.97 and its 200-day simple moving average is $100.04.

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly 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). The firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.32 billion. Stifel Financial had a net margin of 12.26% and a return on equity of 13.88%. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.49 EPS. On average, research analysts predict that Stifel Financial Corporation will post 8.26 earnings per share for the current year.

Stifel Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.89%. The ex-dividend date was Monday, June 2nd. Stifel Financial's dividend payout ratio is currently 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.