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

Millennium Management LLC trimmed its holdings in Stifel Financial Corporation (NYSE:SF - Free Report) by 39.0% in 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 period. Millennium Management LLC owned 0.64% of Stifel Financial worth $61,870,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SF. Journey Strategic Wealth LLC raised its holdings in shares of Stifel Financial by 4.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 2,907 shares of the financial services provider's stock worth $274,000 after buying an additional 117 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of Stifel Financial by 3.0% during the 1st quarter. Stratos Wealth Partners LTD. now owns 4,328 shares of the financial services provider's stock worth $408,000 after buying an additional 127 shares in the last quarter. Allworth Financial LP grew its position in Stifel Financial by 67.7% during the 1st quarter. Allworth Financial LP now owns 337 shares of the financial services provider's stock worth $29,000 after acquiring an additional 136 shares during the last quarter. Venturi Wealth Management LLC grew its position in Stifel Financial by 2.7% during the 1st quarter. Venturi Wealth Management LLC now owns 5,549 shares of the financial services provider's stock worth $523,000 after acquiring an additional 146 shares during the last quarter. Finally, Snowden Capital Advisors LLC grew its position in Stifel Financial by 2.0% during the 4th quarter. Snowden Capital Advisors LLC now owns 8,436 shares of the financial services provider's stock worth $895,000 after acquiring an additional 163 shares during the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Trading Down 0.0%

Shares of NYSE SF traded down $0.03 during trading on Friday, reaching $115.29. The company had a trading volume of 858,559 shares, compared to its average volume of 630,044. Stifel Financial Corporation has a 12 month low of $73.27 and a 12 month high of $120.64. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 0.28. The company's fifty day moving average price is $112.27 and its 200-day moving average price is $100.34. The stock has a market cap of $11.78 billion, a P/E ratio of 22.34 and a beta of 1.13.

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

Stifel Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Stifel Financial's dividend payout ratio is 35.66%.

Analysts Set New Price Targets

SF has been the topic of a number of research reports. Stifel Nicolaus set a $135.00 price objective on Stifel Financial in a research report on Thursday, July 31st. Wall Street Zen upgraded Stifel Financial from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. JMP Securities boosted their price objective on Stifel Financial from $120.00 to $130.00 and gave the stock a "market outperform" rating in a research report on Monday, July 14th. Wells Fargo & Company boosted their price objective on Stifel Financial from $102.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Finally, Zacks Research lowered Stifel Financial from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 8th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $115.78.

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.