Stifel Financial Corp. (NYSE:SF) Stock Position Lessened by GW&K Investment Management LLC

GW&K Investment Management LLC lowered its holdings in Stifel Financial Corp. (NYSE:SF - Free Report) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,328,922 shares of the financial services provider's stock after selling 70,122 shares during the quarter. Stifel Financial accounts for 0.9% of GW&K Investment Management LLC's holdings, making the stock its 15th biggest position. GW&K Investment Management LLC owned approximately 1.30% of Stifel Financial worth $91,895,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SF. Nomura Asset Management Co. Ltd. increased its stake in shares of Stifel Financial by 39.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 730 shares of the financial services provider's stock worth $45,000 after acquiring an additional 206 shares during the period. Montag A & Associates Inc. boosted its holdings in Stifel Financial by 336.2% during the fourth quarter. Montag A & Associates Inc. now owns 759 shares of the financial services provider's stock worth $52,000 after buying an additional 585 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new stake in Stifel Financial during the fourth quarter worth $53,000. Signaturefd LLC boosted its holdings in Stifel Financial by 29.4% during the fourth quarter. Signaturefd LLC now owns 1,030 shares of the financial services provider's stock worth $71,000 after buying an additional 234 shares in the last quarter. Finally, Principal Securities Inc. purchased a new stake in Stifel Financial during the fourth quarter worth $99,000. Institutional investors and hedge funds own 82.01% of the company's stock.

Stifel Financial Stock Down 1.4 %

Stifel Financial stock traded down $1.14 during trading on Monday, reaching $81.79. The stock had a trading volume of 608,183 shares, compared to its average volume of 561,108. Stifel Financial Corp. has a 52-week low of $54.81 and a 52-week high of $84.23. The business has a 50 day moving average price of $78.08 and a 200 day moving average price of $72.25. 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 $8.41 billion, a PE ratio of 18.59 and a beta of 1.14.

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

Stifel Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.42 per share. The ex-dividend date is Friday, May 31st. This represents a $1.68 annualized dividend and a dividend yield of 2.05%. Stifel Financial's dividend payout ratio is presently 38.18%.

Insider Transactions at Stifel Financial

In other news, Director David A. Peacock sold 13,000 shares of Stifel Financial stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $79.90, for a total value of $1,038,700.00. Following the transaction, the director now directly owns 18,646 shares of the company's stock, valued at approximately $1,489,815.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Stifel Financial news, Director David A. Peacock sold 13,000 shares of the business's stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $79.90, for a total value of $1,038,700.00. Following the transaction, the director now directly owns 18,646 shares of the company's stock, valued at approximately $1,489,815.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Thomas B. Michaud sold 25,421 shares of the business's stock in a transaction on Monday, March 11th. The shares were 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 directly owns 90,055 shares in the company, valued at $6,687,484.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 74,421 shares of company stock worth $5,639,783. 4.57% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

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.