Wedge Capital Management L L P NC Buys 4,942 Shares of Stifel Financial Corp. (NYSE:SF)

Wedge Capital Management L L P NC raised its holdings in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 28.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,568 shares of the financial services provider's stock after buying an additional 4,942 shares during the quarter. Wedge Capital Management L L P NC's holdings in Stifel Financial were worth $2,127,000 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 the business. Park Avenue Securities LLC lifted its holdings in shares of Stifel Financial by 0.9% during the 1st quarter. Park Avenue Securities LLC now owns 18,748 shares of the financial services provider's stock worth $1,767,000 after acquiring an additional 164 shares during the last quarter. Bank of New Hampshire bought a new stake in Stifel Financial during the first quarter worth about $899,000. UMB Bank n.a. boosted its holdings in shares of Stifel Financial by 50.2% in the 1st quarter. UMB Bank n.a. now owns 1,622 shares of the financial services provider's stock worth $153,000 after purchasing an additional 542 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Stifel Financial during the 1st quarter valued at about $235,000. Finally, AEGON ASSET MANAGEMENT UK Plc increased its position in shares of Stifel Financial by 54.7% during the 1st quarter. AEGON ASSET MANAGEMENT UK Plc now owns 416,693 shares of the financial services provider's stock valued at $39,244,000 after purchasing an additional 147,263 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on SF. TD Cowen decreased their price target on shares of Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Wolfe Research upgraded shares of Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 target price on the stock in a research report on Thursday, April 24th. Wall Street Zen raised shares of Stifel Financial from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Citigroup reduced their price objective on Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Finally, JPMorgan Chase & Co. decreased their price objective on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Five equities research 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, the company has an average rating of "Hold" and a consensus target price of $105.50.

Stifel Financial Trading Down 0.1%

Shares of NYSE SF traded down $0.10 during trading hours on Thursday, hitting $96.58. The company's stock had a trading volume of 159,509 shares, compared to its average volume of 815,346. Stifel Financial Corp. has a 12 month low of $73.27 and a 12 month high of $120.64. The stock has a market cap of $9.92 billion, a price-to-earnings ratio of 15.48 and a beta of 1.07. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The business has a 50-day simple moving average of $90.05 and a 200-day simple moving average of $100.85.

Stifel Financial (NYSE:SF - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($1.15). Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. The business had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same period last year, the firm posted $1.49 earnings per share. Stifel Financial's quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts anticipate that Stifel Financial Corp. 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 will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Monday, June 2nd. Stifel Financial's payout ratio is 35.18%.

Insider Activity at Stifel Financial

In other Stifel Financial news, Director Michael J. Zimmerman sold 10,000 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $96.69, for a total value of $966,900.00. Following the completion of the transaction, the director now owns 45,833 shares in the company, valued at approximately $4,431,592.77. This represents a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.28% of the stock is owned by corporate insiders.

Stifel Financial Company 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.