Trillium Asset Management LLC lowered its stake in shares of Stifel Financial Corp (NYSE:SF) by 6.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,102 shares of the financial services provider’s stock after selling 2,048 shares during the quarter. Trillium Asset Management LLC’s holdings in Stifel Financial were worth $1,724,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. Bank of Montreal Can lifted its holdings in shares of Stifel Financial by 9.4% in the fourth quarter. Bank of Montreal Can now owns 28,026 shares of the financial services provider’s stock valued at $1,668,000 after buying an additional 2,408 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Stifel Financial by 8.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 404,606 shares of the financial services provider’s stock worth $24,099,000 after purchasing an additional 30,268 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Stifel Financial during the fourth quarter worth $535,000. Fox Run Management L.L.C. raised its position in shares of Stifel Financial by 41.0% during the fourth quarter. Fox Run Management L.L.C. now owns 8,884 shares of the financial services provider’s stock worth $529,000 after purchasing an additional 2,584 shares during the period. Finally, Smith Graham & Co. Investment Advisors LP raised its position in shares of Stifel Financial by 21.3% during the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 114,000 shares of the financial services provider’s stock worth $6,790,000 after purchasing an additional 20,040 shares during the period. Institutional investors and hedge funds own 87.15% of the company’s stock.
In other Stifel Financial news, Director Robert Edward Grady sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 8th. The stock was sold at an average price of $60.15, for a total value of $300,750.00. Following the completion of the transaction, the director now owns 5,828 shares of the company’s stock, valued at approximately $350,554.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 5.09% of the company’s stock.
Shares of SF traded down $0.57 during trading hours on Thursday, hitting $59.45. 276,335 shares of the company were exchanged, compared to its average volume of 422,448. The company has a market cap of $4.33 billion, a PE ratio of 14.90, a price-to-earnings-growth ratio of 1.00 and a beta of 1.71. Stifel Financial Corp has a 52 week low of $42.92 and a 52 week high of $68.76. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.63 and a current ratio of 0.70.
Stifel Financial (NYSE:SF) last announced its earnings results on Monday, April 30th. The financial services provider reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.07. Stifel Financial had a return on equity of 13.14% and a net margin of 6.87%. The firm had revenue of $750.36 million during the quarter, compared to the consensus estimate of $734.84 million. During the same quarter in the prior year, the company earned $0.74 EPS. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. research analysts predict that Stifel Financial Corp will post 5.05 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be issued a $0.12 dividend. The ex-dividend date is Thursday, May 31st. This represents a $0.48 annualized dividend and a yield of 0.81%. Stifel Financial’s dividend payout ratio (DPR) is 12.03%.
SF has been the topic of several recent analyst reports. ValuEngine raised Stifel Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research lowered Stifel Financial from a “buy” rating to a “hold” rating in a research report on Friday, March 9th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $74.00.
About Stifel Financial
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, the United Kingdom, and rest of Europe. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.
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