4,630 Shares in Stifel Financial Corporation (NYSE:SF) Acquired by Whitener Capital Management Inc.

Whitener Capital Management Inc. purchased a new position in Stifel Financial Corporation (NYSE:SF - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,630 shares of the financial services provider's stock, valued at approximately $436,000.

Several other large investors have also added to or reduced their stakes in SF. CWM LLC raised its position in Stifel Financial by 590.5% in the first quarter. CWM LLC now owns 28,229 shares of the financial services provider's stock valued at $2,661,000 after purchasing an additional 24,141 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Stifel Financial by 0.7% during the 1st quarter. Louisiana State Employees Retirement System now owns 28,600 shares of the financial services provider's stock worth $2,696,000 after acquiring an additional 200 shares in the last quarter. State of Michigan Retirement System boosted its position in shares of Stifel Financial by 0.8% during the 1st quarter. State of Michigan Retirement System now owns 24,487 shares of the financial services provider's stock worth $2,308,000 after acquiring an additional 200 shares in the last quarter. Allworth Financial LP boosted its position in shares of Stifel Financial by 67.7% in the 1st quarter. Allworth Financial LP now owns 337 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 136 shares during the period. Finally, Rehmann Capital Advisory Group boosted its position in shares of Stifel Financial by 9.2% in the 1st quarter. Rehmann Capital Advisory Group now owns 3,893 shares of the financial services provider's stock valued at $367,000 after purchasing an additional 328 shares during the period. Hedge funds and other institutional investors own 82.01% of the company's stock.

Insider Activity at Stifel Financial

In related news, Director Michael J. Zimmerman sold 10,000 shares of Stifel Financial stock in a transaction on Friday, June 6th. The shares were sold at an average price of $96.69, for a total value of $966,900.00. Following the sale, the director 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 legal filing with the SEC, which is available at this link. Company insiders own 3.28% of the company's stock.

Wall Street Analysts Forecast Growth

SF has been the subject of a number of analyst reports. Wall Street Zen raised Stifel Financial from a "sell" rating to a "hold" rating in a research note on Sunday. Citigroup boosted their price objective on Stifel Financial from $94.00 to $115.00 and gave the stock a "neutral" rating in a research report on Monday, July 7th. TD Cowen dropped their price target on Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. The Goldman Sachs Group decreased their price objective on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Finally, JMP Securities boosted their target price on shares of Stifel Financial from $120.00 to $130.00 and gave the stock a "market outperform" rating in a research report on Monday. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $110.88.

Stifel Financial Trading Up 0.8%

Shares of NYSE:SF traded up $0.84 during trading on Monday, reaching $109.02. The stock had a trading volume of 108,772 shares, compared to its average volume of 691,837. The stock has a market cap of $11.20 billion, a price-to-earnings ratio of 20.89 and a beta of 1.09. Stifel Financial Corporation has a 52 week low of $73.27 and a 52 week high of $120.64. The firm's fifty day moving average is $98.38 and its 200 day moving average is $99.47. 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 released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $1.64 by ($1.15). Stifel Financial had a net margin of 12.26% and a return on equity of 13.88%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the business posted $1.49 earnings per share. Stifel Financial's revenue was up 7.9% compared to the same quarter last year. As a group, equities analysts forecast that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Monday, June 2nd. Stifel Financial's dividend payout ratio (DPR) is presently 35.18%.

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.