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

Trust Point Inc. reduced its stake in Stifel Financial Corp. (NYSE:SF - Free Report) by 28.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,566 shares of the financial services provider's stock after selling 3,078 shares during the period. 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 added to or reduced their stakes in the company. Ritholtz Wealth Management grew its stake in shares of Stifel Financial by 15.0% during the first quarter. Ritholtz Wealth Management now owns 3,118 shares of the financial services provider's stock valued at $294,000 after acquiring an additional 406 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Stifel Financial by 263.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 19,711 shares of the financial services provider's stock valued at $1,858,000 after acquiring an additional 14,284 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Stifel Financial by 1.1% during the first quarter. Fifth Third Bancorp now owns 19,669 shares of the financial services provider's stock valued at $1,854,000 after acquiring an additional 206 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Stifel Financial by 108.5% during the first quarter. Assenagon Asset Management S.A. now owns 145,461 shares of the financial services provider's stock valued at $13,711,000 after acquiring an additional 75,700 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Stifel Financial by 136.9% during the first quarter. SG Americas Securities LLC now owns 8,605 shares of the financial services provider's stock valued at $811,000 after acquiring an additional 4,973 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Stock Up 2.2%

NYSE:SF opened at $97.49 on Tuesday. The company has a market capitalization of $10.01 billion, a price-to-earnings ratio of 15.62 and a beta of 1.07. Stifel Financial Corp. has a one year low of $73.27 and a one year high of $120.64. The stock has a 50-day simple moving average of $91.23 and a 200 day simple moving average of $100.22. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82.

Stifel Financial (NYSE:SF - Get Free Report) last issued 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 return on equity of 16.59% and a net margin of 14.00%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the business earned $1.49 EPS. The business's revenue was up 7.9% on a year-over-year basis. Sell-side analysts predict that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently announced 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 1.89%. Stifel Financial's dividend payout ratio is currently 35.18%.

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 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 transaction, the director now owns 45,833 shares of the company's stock, valued at $4,431,592.77. This trade represents a 17.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.28% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SF. 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 note on Thursday, April 24th. TD Cowen lowered their target price on Stifel Financial from $124.00 to $84.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. The Goldman Sachs Group lowered their target price on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Wall Street Zen upgraded Stifel Financial from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. lowered their target price on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company 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.

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