Stifel Financial Corporation $SF Shares Sold by Signaturefd LLC

Signaturefd LLC lessened its stake in Stifel Financial Corporation (NYSE:SF) by 39.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,351 shares of the financial services provider’s stock after selling 866 shares during the quarter. Signaturefd LLC’s holdings in Stifel Financial were worth $140,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Stifel Financial by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 10,620,407 shares of the financial services provider’s stock valued at $1,001,080,000 after purchasing an additional 217,415 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Stifel Financial by 314.1% in the 1st quarter. AQR Capital Management LLC now owns 1,383,836 shares of the financial services provider’s stock valued at $126,925,000 after purchasing an additional 1,049,665 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Stifel Financial by 0.3% in the 1st quarter. Invesco Ltd. now owns 1,211,580 shares of the financial services provider’s stock valued at $114,204,000 after purchasing an additional 4,115 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Stifel Financial by 0.6% in the 1st quarter. Northern Trust Corp now owns 1,136,207 shares of the financial services provider’s stock valued at $107,099,000 after purchasing an additional 7,229 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Stifel Financial by 529.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 398,633 shares of the financial services provider’s stock valued at $37,576,000 after acquiring an additional 335,257 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on SF. Zacks Research lowered shares of Stifel Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. Wells Fargo & Company lifted their target price 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 upgraded shares of Stifel Financial from a “neutral” rating to a “buy” rating and lifted their target price for the company from $115.00 to $135.00 in a report on Thursday, July 31st. Weiss Ratings restated a “hold (c+)” rating on shares of Stifel Financial in a report on Saturday, September 27th. Finally, Stifel Nicolaus set a $135.00 target price on shares of Stifel Financial in a report on Thursday, July 31st. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $116.30.

Stifel Financial Stock Performance

Shares of SF stock opened at $111.29 on Friday. Stifel Financial Corporation has a 12 month low of $73.27 and a 12 month high of $120.64. 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 $11.37 billion, a P/E ratio of 21.57 and a beta of 1.13. The company’s fifty day moving average price is $113.51 and its two-hundred day moving average price is $101.93.

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

Stifel Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. Stifel Financial’s payout ratio is presently 35.66%.

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 and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.