Stifel Financial Corporation $SF Stock Position Cut by Great Lakes Advisors LLC

Great Lakes Advisors LLC lessened its stake in Stifel Financial Corporation (NYSE:SF) by 3.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 4,079 shares of the financial services provider’s stock after selling 137 shares during the quarter. Great Lakes Advisors LLC’s holdings in Stifel Financial were worth $384,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Caxton Associates LLP acquired a new stake in shares of Stifel Financial in the first quarter valued at $452,000. Voleon Capital Management LP acquired a new stake in Stifel Financial in the 1st quarter valued at about $1,132,000. Jones Financial Companies Lllp lifted its holdings in Stifel Financial by 1,162.6% in the 1st quarter. Jones Financial Companies Lllp now owns 2,702 shares of the financial services provider’s stock valued at $255,000 after acquiring an additional 2,488 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Stifel Financial in the 1st quarter valued at about $1,986,000. Finally, Teza Capital Management LLC acquired a new stake in Stifel Financial in the 1st quarter valued at about $337,000. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Price Performance

NYSE SF opened at $115.29 on Friday. The company has a 50 day simple moving average of $112.27 and a 200-day simple moving average of $100.37. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.82 and a quick ratio of 0.77. The firm has a market capitalization of $11.78 billion, a price-to-earnings ratio of 22.34 and a beta of 1.13. Stifel Financial Corporation has a 52-week low of $73.27 and a 52-week high of $120.64.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.06. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the firm earned $1.60 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. Equities research analysts predict that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $0.46 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $1.84 dividend on an annualized basis and a yield of 1.6%. Stifel Financial’s dividend payout ratio is currently 35.66%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus set a $135.00 price target on shares of Stifel Financial in a report on Thursday, July 31st. Wells Fargo & Company upped their price target on shares of Stifel Financial from $102.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Citigroup raised shares of Stifel Financial from a “neutral” rating to a “buy” rating and upped their price target for the company from $115.00 to $135.00 in a report on Thursday, July 31st. Wall Street Zen raised shares of Stifel Financial from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. Finally, JMP Securities upped their price target on shares of Stifel Financial from $120.00 to $130.00 and gave the company a “market outperform” rating in a report on Monday, July 14th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $115.78.

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.