TT International Asset Management LTD Has $3.59 Million Position in Stifel Financial Corporation (NYSE:SF)

TT International Asset Management LTD boosted its position in Stifel Financial Corporation (NYSE:SF - Free Report) by 46.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,126 shares of the financial services provider's stock after buying an additional 12,108 shares during the period. Stifel Financial makes up about 0.5% of TT International Asset Management LTD's holdings, making the stock its 26th biggest position. TT International Asset Management LTD's holdings in Stifel Financial were worth $3,594,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. lifted its stake in shares of Stifel Financial by 10.1% during the 4th quarter. Principal Securities Inc. now owns 1,642 shares of the financial services provider's stock worth $174,000 after purchasing an additional 150 shares during the period. Sanctuary Advisors LLC boosted its position in shares of Stifel Financial by 0.9% in the fourth quarter. Sanctuary Advisors LLC now owns 49,578 shares of the financial services provider's stock worth $5,830,000 after acquiring an additional 465 shares during the last quarter. CIBC Asset Management Inc increased its position in Stifel Financial by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 3,183 shares of the financial services provider's stock worth $338,000 after purchasing an additional 164 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in Stifel Financial by 8.2% in the fourth quarter. Handelsbanken Fonder AB now owns 25,032 shares of the financial services provider's stock valued at $2,655,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Winebrenner Capital Management LLC purchased a new position in Stifel Financial in the fourth quarter valued at about $216,000. 82.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Stifel Financial

In other news, Director Michael J. Zimmerman sold 10,000 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $96.69, for a total transaction of $966,900.00. Following the sale, the director now owns 45,833 shares in the company, valued at $4,431,592.77. This represents a 17.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 4.57% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SF has been the topic of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company reduced their price objective on Stifel Financial from $106.00 to $102.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. TD Cowen cut their target price on Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Wolfe Research raised Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price target on the stock in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group reduced their price objective on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Stifel Financial currently has a consensus rating of "Hold" and an average target price of $105.50.

Stifel Financial Stock Up 1.6%

NYSE SF traded up $1.60 on Tuesday, reaching $100.73. The company had a trading volume of 676,716 shares, compared to its average volume of 681,582. The company's fifty day moving average is $92.88 and its 200-day moving average is $99.64. The firm has a market capitalization of $10.35 billion, a price-to-earnings ratio of 19.26 and a beta of 1.07. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.81. Stifel Financial Corporation has a 1-year low of $73.27 and a 1-year high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.64 by ($1.15). The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. Stifel Financial had a return on equity of 13.88% and a net margin of 12.26%. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.49 earnings per share. On average, research 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 announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Monday, June 2nd. Stifel Financial's payout ratio is 35.18%.

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.