Millennium Management LLC Sells 419,389 Shares of Stifel Financial Corporation $SF

Millennium Management LLC lessened its position in Stifel Financial Corporation (NYSE:SF - Free Report) by 39.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 656,381 shares of the financial services provider's stock after selling 419,389 shares during the quarter. Millennium Management LLC owned 0.64% of Stifel Financial worth $61,870,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SF. AQR Capital Management LLC boosted its position in Stifel Financial by 314.1% during the first quarter. AQR Capital Management LLC now owns 1,383,836 shares of the financial services provider's stock valued at $126,925,000 after buying an additional 1,049,665 shares during the period. GAMMA Investing LLC boosted its position in Stifel Financial by 47,124.2% during the first quarter. GAMMA Investing LLC now owns 425,018 shares of the financial services provider's stock valued at $40,062,000 after buying an additional 424,118 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Stifel Financial by 529.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 398,633 shares of the financial services provider's stock valued at $37,576,000 after buying an additional 335,257 shares during the period. Nuveen LLC purchased a new stake in Stifel Financial during the first quarter valued at about $28,564,000. Finally, Vanguard Group Inc. boosted its position in Stifel Financial by 2.1% during the first quarter. Vanguard Group Inc. now owns 10,620,407 shares of the financial services provider's stock valued at $1,001,080,000 after buying an additional 217,415 shares during the period. Institutional investors own 82.01% of the company's stock.

Stifel Financial Stock Up 0.4%

SF traded up $0.43 on Wednesday, hitting $113.03. The company had a trading volume of 590,157 shares, compared to its average volume of 643,966. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.82 and a quick ratio of 0.77. Stifel Financial Corporation has a 52-week low of $73.27 and a 52-week high of $120.64. The stock has a fifty day simple moving average of $112.03 and a 200-day simple moving average of $100.22. The firm has a market capitalization of $11.55 billion, a P/E ratio of 21.90 and a beta of 1.13.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.71 EPS for the quarter, topping the consensus estimate of $1.65 by $0.06. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the business posted $1.60 earnings per share. Stifel Financial's quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts expect that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a $0.46 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $1.84 annualized dividend and a yield of 1.6%. Stifel Financial's dividend payout ratio (DPR) is 35.66%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Zacks Research lowered shares of Stifel Financial from a "strong-buy" rating to a "hold" rating in a research report on Monday. Citigroup upgraded shares of Stifel Financial from a "neutral" rating to a "buy" rating and upped their price target for the company from $115.00 to $135.00 in a research report on Thursday, July 31st. Stifel Nicolaus set a $135.00 target price on shares of Stifel Financial in a report on Thursday, July 31st. JMP Securities increased their target price on shares of Stifel Financial from $120.00 to $130.00 and gave the stock a "market outperform" rating in a report on Monday, July 14th. Finally, Wall Street Zen upgraded shares of Stifel Financial from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $115.78.

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.