Stifel Financial Corporation (NYSE:SF) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its stake in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 263.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,711 shares of the financial services provider's stock after acquiring an additional 14,284 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Stifel Financial were worth $1,858,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Stifel Financial in the 4th quarter worth about $137,448,000. FMR LLC lifted its position in shares of Stifel Financial by 8.5% in the 4th quarter. FMR LLC now owns 8,628,832 shares of the financial services provider's stock worth $915,346,000 after buying an additional 672,420 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Stifel Financial by 32.2% in the 4th quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider's stock worth $274,637,000 after buying an additional 630,255 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Stifel Financial by 47,124.2% in the 1st quarter. GAMMA Investing LLC now owns 425,018 shares of the financial services provider's stock worth $40,062,000 after buying an additional 424,118 shares during the last quarter. Finally, Walleye Capital LLC lifted its position in shares of Stifel Financial by 477.9% in the 4th quarter. Walleye Capital LLC now owns 238,945 shares of the financial services provider's stock worth $25,347,000 after buying an additional 197,598 shares during the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Stifel Financial from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. 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 report on Tuesday, April 8th. Citigroup cut their price objective on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. The Goldman Sachs Group cut their price objective on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Finally, TD Cowen cut their price objective on shares of Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $105.50.

Stifel Financial Stock Up 0.7%

SF stock opened at $103.82 on Monday. Stifel Financial Corporation has a 52 week low of $73.27 and a 52 week high of $120.64. The company has a market capitalization of $10.67 billion, a price-to-earnings ratio of 19.85 and a beta of 1.07. The firm's 50-day moving average is $93.99 and its two-hundred day moving average is $99.39. 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 released its quarterly 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 company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the firm posted $1.49 earnings per share. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. On average, analysts forecast that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.46 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.84 annualized dividend and a dividend yield of 1.77%. Stifel Financial's dividend payout ratio is currently 35.18%.

Insider Transactions at Stifel Financial

In other news, Director Michael J. Zimmerman sold 10,000 shares of Stifel Financial stock in a transaction that occurred on 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. The trade was a 17.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 4.57% of the company's stock.

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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