Wellington Management Group LLP Reduces Stock Holdings in Stifel Financial Corporation $SF

Wellington Management Group LLP lessened its position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 30.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,565,429 shares of the financial services provider's stock after selling 1,132,739 shares during the quarter. Wellington Management Group LLP owned approximately 1.70% of Stifel Financial worth $178,990,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. purchased a new position in Stifel Financial during the 2nd quarter valued at about $1,031,197,000. AQR Capital Management LLC lifted its holdings in shares of Stifel Financial by 94.8% in the fourth quarter. AQR Capital Management LLC now owns 2,893,850 shares of the financial services provider's stock valued at $362,368,000 after purchasing an additional 1,408,347 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Stifel Financial by 51.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,616,616 shares of the financial services provider's stock valued at $193,403,000 after purchasing an additional 890,810 shares in the last quarter. Boston Partners grew its position in shares of Stifel Financial by 2.0% in the third quarter. Boston Partners now owns 2,371,880 shares of the financial services provider's stock valued at $269,128,000 after purchasing an additional 45,631 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Stifel Financial by 58.7% in the first quarter. Bank of America Corp DE now owns 1,875,501 shares of the financial services provider's stock valued at $138,637,000 after purchasing an additional 693,437 shares during the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Stifel Financial Stock Down 0.6%

Shares of NYSE SF opened at $80.78 on Tuesday. The firm has a market cap of $12.20 billion, a P/E ratio of 14.46 and a beta of 0.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.88. Stifel Financial Corporation has a 1 year low of $67.81 and a 1 year high of $89.83. The firm's 50 day moving average price is $79.04 and its 200 day moving average price is $76.23.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.09. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the firm posted $1.71 EPS. Stifel Financial's revenue was up 13.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Stifel Financial Corporation will post 6.36 earnings per share for the current year.

Stifel Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 1st. Stifel Financial's dividend payout ratio (DPR) is presently 24.33%.

Insider Buying and Selling

In other Stifel Financial news, Director Maryam S. Brown sold 4,700 shares of Stifel Financial stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total value of $372,240.00. Following the completion of the sale, the director owned 5,729 shares in the company, valued at $453,736.80. The trade was a 45.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.36% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Zacks Research upgraded Stifel Financial from a "strong sell" rating to a "hold" rating in a research report on Wednesday, May 20th. JPMorgan Chase & Co. raised their price target on Stifel Financial from $80.00 to $86.00 and gave the stock a "neutral" rating in a research report on Thursday, July 23rd. UBS Group set a $90.00 price target on Stifel Financial in a report on Thursday, July 23rd. Wall Street Zen downgraded Stifel Financial from a "buy" rating to a "hold" rating in a research report on Sunday, August 9th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Stifel Financial in a research note on Wednesday, August 26th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $91.90.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm's main business activities are organized into two core segments: Private Client Group and Institutional Group.

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