Trillium Asset Management LLC Grows Holdings in Stifel Financial Corporation (NYSE:SF)

Key Points

• Trillium Asset Management LLC increased its stake in Stifel Financial Corporation by 12.9%, acquiring an additional 9,441 shares, bringing its total holdings to 82,359 shares valued at approximately $7.76 million.
• A majority of analysts maintain a hold rating on Stifel Financial, with the average target price set at $115.78, while some brokerages have boosted their target significantly, with expectations reaching up to $135.00.
• Stifel Financial recently reported earnings that exceeded consensus estimates, with a net revenue of $1.28 billion for the quarter, up 5.4% year-over-year, alongside an announcement of a quarterly dividend of $0.46.

Trillium Asset Management LLC grew its holdings in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 12.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,359 shares of the financial services provider's stock after buying an additional 9,441 shares during the quarter. Trillium Asset Management LLC owned 0.08% of Stifel Financial worth $7,764,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Nuveen LLC purchased a new stake in Stifel Financial in the 1st quarter worth about $28,564,000. Virtu Financial LLC grew its stake in Stifel Financial by 44.5% in the 1st quarter. Virtu Financial LLC now owns 3,403 shares of the financial services provider's stock worth $321,000 after acquiring an additional 1,048 shares in the last quarter. Entropy Technologies LP grew its stake in Stifel Financial by 171.8% in the 1st quarter. Entropy Technologies LP now owns 25,371 shares of the financial services provider's stock worth $2,391,000 after acquiring an additional 16,037 shares in the last quarter. Invesco Ltd. grew its stake in Stifel Financial by 0.3% in the 1st quarter. Invesco Ltd. now owns 1,211,580 shares of the financial services provider's stock worth $114,204,000 after acquiring an additional 4,115 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Stifel Financial in the 1st quarter worth about $224,000. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Stifel Financial

In related news, Director Michael J. Zimmerman sold 10,000 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $96.69, for a total transaction of $966,900.00. Following the completion of the transaction, the director directly owned 45,833 shares in the company, valued at $4,431,592.77. The trade was a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.28% of the stock is owned by corporate insiders.

Stifel Financial Stock Performance

Shares of NYSE:SF traded down $0.45 during trading on Thursday, hitting $115.79. The stock had a trading volume of 697,462 shares, compared to its average volume of 745,610. Stifel Financial Corporation has a 12-month low of $73.27 and a 12-month high of $120.64. The stock has a market capitalization of $11.83 billion, a price-to-earnings ratio of 22.44 and a beta of 1.11. 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 stock has a 50-day simple moving average of $106.52 and a two-hundred day simple moving average of $99.92.

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

Stifel Financial Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have commented on SF shares. Stifel Nicolaus set a $135.00 target price on shares of Stifel Financial in a research note on Thursday, July 31st. Citigroup upgraded shares of Stifel Financial from a "neutral" rating to a "buy" rating and increased their price objective for the company from $115.00 to $135.00 in a research note on Thursday, July 31st. Wolfe Research upgraded shares of Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price objective on the stock in a research note on Thursday, April 24th. JMP Securities increased their price objective on shares of Stifel Financial from $120.00 to $130.00 and gave the company a "market outperform" rating in a research note on Monday, July 14th. Finally, Wall Street Zen upgraded shares of Stifel Financial from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Stifel Financial presently has an average rating of "Hold" and an average price target 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.