DekaBank Deutsche Girozentrale Reduces Stock Position in Stifel Financial Corp (NYSE:SF)

DekaBank Deutsche Girozentrale trimmed its stake in shares of Stifel Financial Corp (NYSE:SF) by 13.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,600 shares of the financial services provider’s stock after selling 10,100 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.09% of Stifel Financial worth $3,472,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of SF. BlackRock Inc. raised its holdings in shares of Stifel Financial by 2.5% in the 4th quarter. BlackRock Inc. now owns 8,256,150 shares of the financial services provider’s stock valued at $341,970,000 after purchasing an additional 203,597 shares during the period. Macquarie Group Ltd. raised its holdings in Stifel Financial by 17.8% in the 4th quarter. Macquarie Group Ltd. now owns 3,143,933 shares of the financial services provider’s stock valued at $130,222,000 after acquiring an additional 474,379 shares during the period. Dimensional Fund Advisors LP raised its holdings in Stifel Financial by 6.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,902,555 shares of the financial services provider’s stock valued at $120,224,000 after acquiring an additional 187,187 shares during the period. Stifel Financial Corp raised its holdings in Stifel Financial by 1.8% in the 4th quarter. Stifel Financial Corp now owns 1,538,554 shares of the financial services provider’s stock valued at $63,724,000 after acquiring an additional 26,928 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its holdings in Stifel Financial by 4,042.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,179,559 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 1,151,081 shares during the period. Institutional investors own 86.26% of the company’s stock.

NYSE:SF traded up $1.80 during trading hours on Friday, reaching $59.06. The company had a trading volume of 837,843 shares, compared to its average volume of 464,124. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 1.63 and a beta of 1.87. The stock has a 50-day moving average price of $56.64. Stifel Financial Corp has a twelve month low of $38.39 and a twelve month high of $59.93. The company has a current ratio of 0.72, a quick ratio of 0.65 and a debt-to-equity ratio of 0.70.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.11. Stifel Financial had a net margin of 13.28% and a return on equity of 14.77%. The firm had revenue of $770.40 million during the quarter, compared to analysts’ expectations of $745.21 million. During the same period last year, the company earned $1.15 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. As a group, equities analysts predict that Stifel Financial Corp will post 5.7 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Friday, May 31st. Stifel Financial’s dividend payout ratio is 11.36%.

Several research analysts have weighed in on SF shares. Wells Fargo & Co increased their price target on shares of Stifel Financial from $54.00 to $56.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Compass Point started coverage on shares of Stifel Financial in a research report on Thursday, May 30th. They set a “buy” rating and a $65.00 target price on the stock. ValuEngine upgraded shares of Stifel Financial from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Zacks Investment Research lowered shares of Stifel Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 4th. Finally, JMP Securities increased their target price on shares of Stifel Financial from $61.00 to $65.00 and gave the stock a “market outperform” rating in a research report on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Stifel Financial has an average rating of “Buy” and a consensus target price of $62.67.

In other news, insider Victor Nesi sold 1,250 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $56.04, for a total value of $70,050.00. Following the sale, the insider now owns 184,910 shares of the company’s stock, valued at $10,362,356.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John P. Dubinsky sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of $57.25, for a total transaction of $114,500.00. Following the completion of the sale, the director now directly owns 28,956 shares in the company, valued at approximately $1,657,731. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,250 shares of company stock worth $1,356,750. Insiders own 3.77% of the company’s stock.

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, rest of Europe, and Asia. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.

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Institutional Ownership by Quarter for Stifel Financial (NYSE:SF)

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