GW&K Investment Management LLC Has $100.70 Million Position in Stifel Financial Corporation (NYSE:SF)

GW&K Investment Management LLC lowered its position in Stifel Financial Corporation (NYSE:SF - Free Report) by 1.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,068,343 shares of the financial services provider's stock after selling 16,825 shares during the period. Stifel Financial accounts for 0.9% of GW&K Investment Management LLC's portfolio, making the stock its 11th largest holding. GW&K Investment Management LLC owned 1.04% of Stifel Financial worth $100,702,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new stake in shares of Stifel Financial in the first quarter worth $26,000. Alpine Bank Wealth Management bought a new position in Stifel Financial in the first quarter worth $27,000. Allworth Financial LP lifted its position in Stifel Financial by 67.7% in the first quarter. Allworth Financial LP now owns 337 shares of the financial services provider's stock worth $29,000 after purchasing an additional 136 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position 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 worth $31,000 after purchasing an additional 183 shares during the period. Finally, Bessemer Group Inc. lifted its position in Stifel Financial by 52.1% in the fourth quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock worth $34,000 after purchasing an additional 110 shares during the period. Institutional investors and hedge funds own 82.01% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Citigroup lifted their price objective on Stifel Financial from $94.00 to $115.00 and gave the company a "neutral" rating in a report on Monday, July 7th. Wolfe Research raised Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price target for the company in a report on Thursday, April 24th. Wall Street Zen raised Stifel Financial from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. JPMorgan Chase & Co. cut their price target on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, JMP Securities lifted their price target on Stifel Financial from $120.00 to $130.00 and gave the company a "market outperform" rating in a report on Monday, July 14th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $110.88.

Stifel Financial Trading Up 1.0%

SF stock traded up $1.06 during midday trading on Thursday, reaching $111.67. The stock had a trading volume of 187,161 shares, compared to its average volume of 794,715. The business has a fifty day simple moving average of $100.95 and a two-hundred day simple moving average of $99.73. The company has a quick ratio of 0.77, a current ratio of 0.81 and a debt-to-equity ratio of 0.28. The firm has a market cap of $11.47 billion, a price-to-earnings ratio of 21.35 and a beta of 1.09. Stifel Financial Corporation has a twelve month low of $73.27 and a twelve month high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.32 billion. Stifel Financial had a return on equity of 13.88% and a net margin of 12.26%. Stifel Financial's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.49 earnings per share. As a group, research analysts expect that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.84 annualized dividend and a dividend yield of 1.65%. Stifel Financial's payout ratio is currently 35.18%.

Insider Activity

In other news, Director Michael J. Zimmerman sold 10,000 shares of Stifel Financial stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $96.69, for a total transaction of $966,900.00. Following the transaction, the director owned 45,833 shares in the company, valued at $4,431,592.77. The trade was a 17.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.28% of the company's stock.

Stifel Financial 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.