Stifel Financial Corp. (NYSE:SF) Shares Sold by Natixis Advisors L.P.

Natixis Advisors L.P. trimmed its position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 25.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,284 shares of the financial services provider's stock after selling 15,740 shares during the period. Natixis Advisors L.P.'s holdings in Stifel Financial were worth $3,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of SF. Raymond James & Associates raised its holdings in Stifel Financial by 10.9% during the 3rd quarter. Raymond James & Associates now owns 115,376 shares of the financial services provider's stock valued at $7,089,000 after buying an additional 11,303 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Stifel Financial by 21.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,179 shares of the financial services provider's stock worth $1,301,000 after purchasing an additional 3,790 shares during the period. First Horizon Advisors Inc. increased its stake in Stifel Financial by 97.5% in the third quarter. First Horizon Advisors Inc. now owns 640 shares of the financial services provider's stock worth $39,000 after purchasing an additional 316 shares during the period. Assetmark Inc. increased its stake in Stifel Financial by 1,054.5% in the third quarter. Assetmark Inc. now owns 9,328 shares of the financial services provider's stock worth $573,000 after purchasing an additional 8,520 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in Stifel Financial by 23.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 152,767 shares of the financial services provider's stock worth $9,386,000 after purchasing an additional 29,026 shares during the period. 82.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. StockNews.com lowered Stifel Financial from a "strong-buy" rating to a "buy" rating in a research note on Thursday. JMP Securities reiterated a "market outperform" rating and issued a $88.00 target price on shares of Stifel Financial in a research note on Tuesday, April 9th. Citigroup increased their target price on Stifel Financial from $74.00 to $80.00 and gave the stock a "neutral" rating in a research note on Thursday, April 11th. UBS Group raised their price target on Stifel Financial from $74.00 to $78.00 and gave the company a "neutral" rating in a research note on Monday, January 29th. Finally, TD Cowen upped their price objective on shares of Stifel Financial from $86.50 to $92.00 and gave the stock an "outperform" rating in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Stifel Financial has an average rating of "Moderate Buy" and a consensus price target of $84.50.

Insider Transactions at Stifel Financial

In other Stifel Financial news, insider Victor Nesi sold 36,000 shares of Stifel Financial stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $75.37, for a total transaction of $2,713,320.00. Following the completion of the sale, the insider now owns 54,732 shares of the company's stock, valued at approximately $4,125,150.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Stifel Financial news, SVP Thomas B. Michaud sold 25,421 shares of Stifel Financial stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $74.26, for a total transaction of $1,887,763.46. Following the completion of the transaction, the senior vice president now owns 90,055 shares in the company, valued at approximately $6,687,484.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Victor Nesi sold 36,000 shares of Stifel Financial stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $75.37, for a total value of $2,713,320.00. Following the transaction, the insider now owns 54,732 shares of the company's stock, valued at approximately $4,125,150.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,421 shares of company stock worth $5,639,783. Company insiders own 3.52% of the company's stock.

Stifel Financial Stock Down 0.8 %

Shares of NYSE SF traded down $0.68 during mid-day trading on Monday, reaching $82.84. 442,998 shares of the company were exchanged, compared to its average volume of 562,838. The firm has a 50-day moving average of $77.29 and a 200 day moving average of $71.34. Stifel Financial Corp. has a 1 year low of $54.81 and a 1 year high of $84.23. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. The stock has a market cap of $8.52 billion, a price-to-earnings ratio of 18.83 and a beta of 1.14.

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.62 by ($0.13). Stifel Financial had a net margin of 11.34% and a return on equity of 12.40%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the business posted $1.40 earnings per share. The firm's quarterly revenue was up 5.1% on a year-over-year basis. On average, research analysts expect that Stifel Financial Corp. will post 7.04 earnings per share for the current year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a $0.42 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.03%. Stifel Financial's dividend payout ratio is currently 38.18%.

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.