Stifel Financial Corp. (NYSE:SF) Shares Sold by Truist Financial Corp

Truist Financial Corp cut its stake in Stifel Financial Corp. (NYSE:SF) by 10.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 54,467 shares of the financial services provider’s stock after selling 6,239 shares during the quarter. Truist Financial Corp’s holdings in Stifel Financial were worth $3,766,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. raised its holdings in shares of Stifel Financial by 97.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 640 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 316 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in shares of Stifel Financial by 39.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 730 shares of the financial services provider’s stock worth $45,000 after buying an additional 206 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in shares of Stifel Financial during the 4th quarter worth approximately $53,000. Signaturefd LLC raised its position in shares of Stifel Financial by 29.4% during the 4th quarter. Signaturefd LLC now owns 1,030 shares of the financial services provider’s stock valued at $71,000 after buying an additional 234 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in Stifel Financial in the fourth quarter valued at approximately $139,000. Institutional investors and hedge funds own 82.01% of the company’s stock.

Insider Transactions at Stifel Financial

In related news, Director David A. Peacock sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $79.90, for a total transaction of $1,038,700.00. Following the transaction, the director now owns 18,646 shares in the company, valued at approximately $1,489,815.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, SVP Thomas B. Michaud sold 25,421 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $74.26, for a total value of $1,887,763.46. Following the completion of the sale, the senior vice president now directly owns 90,055 shares of the company’s stock, valued at $6,687,484.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David A. Peacock sold 13,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was 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 in the company, valued at approximately $1,489,815.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 74,421 shares of company stock worth $5,639,783. Corporate insiders own 3.52% of the company’s stock.

Stifel Financial Stock Up 1.8 %

Stifel Financial stock opened at $83.22 on Tuesday. The stock has a market cap of $8.56 billion, a PE ratio of 18.91 and a beta of 1.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.82 and a quick ratio of 0.79. The stock’s fifty day moving average is $76.57 and its two-hundred day moving average is $70.42. Stifel Financial Corp. has a 1-year low of $54.81 and a 1-year high of $83.24.

Stifel Financial (NYSE:SF) last posted its earnings results 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 business 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 12.39% and a net margin of 11.34%. Stifel Financial’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.40 EPS. On average, sell-side analysts expect that Stifel Financial Corp. will post 7.04 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $0.42 per share. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.36. The ex-dividend date was Thursday, February 29th. This represents a $1.68 annualized dividend and a dividend yield of 2.02%. Stifel Financial’s dividend payout ratio (DPR) is presently 38.18%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SF shares. Citigroup increased their price objective on shares of Stifel Financial from $74.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. UBS Group increased their price objective on Stifel Financial from $74.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. JMP Securities reissued a “market outperform” rating and set a $88.00 target price on shares of Stifel Financial in a research note on Tuesday, April 9th. TD Cowen increased their price target on Stifel Financial from $86.50 to $92.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Finally, StockNews.com raised Stifel Financial from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 26th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.