TT International Asset Management LTD Purchases 12,108 Shares of Stifel Financial Corporation (NYSE:SF)

TT International Asset Management LTD raised its position in Stifel Financial Corporation (NYSE:SF - Free Report) by 46.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,126 shares of the financial services provider's stock after buying an additional 12,108 shares during the quarter. Stifel Financial comprises about 0.5% of TT International Asset Management LTD's holdings, making the stock its 26th largest 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.

Several other hedge funds have also recently made changes to their positions in SF. NBC Securities Inc. bought a new stake in shares of Stifel Financial during the 1st quarter valued at $26,000. Bessemer Group Inc. raised its stake in shares of Stifel Financial by 52.1% during the 4th quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 110 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Stifel Financial by 123.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 183 shares during the period. Quarry LP purchased a new position in Stifel Financial during the fourth quarter worth about $49,000. Finally, Smartleaf Asset Management LLC grew its position in Stifel Financial by 26.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider's stock worth $56,000 after buying an additional 111 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. JPMorgan Chase & Co. reduced their target price on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. The Goldman Sachs Group reduced their target price on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Wolfe Research upgraded Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price objective for the company in a report on Thursday, April 24th. JMP Securities cut their price objective on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Finally, TD Cowen cut their price objective on Stifel Financial from $124.00 to $84.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Stifel Financial has a consensus rating of "Hold" and an average price target of $105.50.

Stifel Financial Trading Up 0.3%

SF stock traded up $0.25 during trading on Friday, hitting $97.47. 880,764 shares of the company traded hands, compared to its average volume of 680,520. The firm has a market capitalization of $10.01 billion, a PE ratio of 18.64 and a beta of 1.07. Stifel Financial Corporation has a 1 year low of $73.27 and a 1 year high of $120.64. The company has a 50-day moving average of $92.28 and a 200-day moving average of $99.84. 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 (NYSE:SF - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($1.15). The company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.32 billion. Stifel Financial had a net margin of 12.26% and a return on equity of 13.88%. The company's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.49 earnings per share. Analysts predict that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The business 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 1.89%. The ex-dividend date was Monday, June 2nd. Stifel Financial's dividend payout ratio is presently 35.18%.

Insider Activity at Stifel Financial

In other Stifel Financial 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 completion of the transaction, the director now owns 45,833 shares of the company's stock, valued at $4,431,592.77. This represents a 17.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.28% of the stock is currently owned by company insiders.

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.