Metropolitan Life Insurance Co NY Sells 453 Shares of Stifel Financial Corp (NYSE:SF)

Metropolitan Life Insurance Co NY reduced its holdings in Stifel Financial Corp (NYSE:SF) by 1.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,113 shares of the financial services provider’s stock after selling 453 shares during the quarter. Metropolitan Life Insurance Co NY owned about 0.06% of Stifel Financial worth $2,169,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Nordea Investment Management AB lifted its position in Stifel Financial by 3.8% during the 1st quarter. Nordea Investment Management AB now owns 54,600 shares of the financial services provider’s stock worth $2,881,000 after buying an additional 2,000 shares in the last quarter. Marshall Wace LLP acquired a new position in Stifel Financial in the 1st quarter valued at about $432,000. Mosaic Family Wealth LLC grew its stake in Stifel Financial by 30.1% in the 1st quarter. Mosaic Family Wealth LLC now owns 8,643 shares of the financial services provider’s stock valued at $456,000 after buying an additional 2,000 shares during the last quarter. ClariVest Asset Management LLC grew its stake in Stifel Financial by 3.8% in the 1st quarter. ClariVest Asset Management LLC now owns 54,600 shares of the financial services provider’s stock valued at $2,881,000 after buying an additional 2,000 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Stifel Financial by 1.1% in the 1st quarter. Northern Trust Corp now owns 1,635,976 shares of the financial services provider’s stock valued at $86,314,000 after buying an additional 18,599 shares during the last quarter. 86.26% of the stock is currently owned by institutional investors.

In related news, insider Victor Nesi sold 1,250 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $56.04, for a total transaction of $70,050.00. Following the completion of the sale, the insider now directly owns 184,910 shares in the company, valued at approximately $10,362,356.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James M. Oates sold 20,000 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $58.61, for a total transaction of $1,172,200.00. Following the completion of the transaction, the director now owns 17,397 shares of the company’s stock, valued at $1,019,638.17. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,250 shares of company stock valued at $1,656,920. Company insiders own 3.77% of the company’s stock.

A number of analysts have recently weighed in on SF shares. Compass Point started coverage on shares of Stifel Financial in a report on Thursday, May 30th. They set a “buy” rating and a $65.00 price target for the company. Wells Fargo & Co reissued a “hold” rating on shares of AON in a research note on Friday, April 5th. Goldman Sachs Group raised shares of MICHELIN COMPAG/ADR from a “neutral” rating to a “buy” rating in a research note on Thursday, May 9th. JMP Securities increased their price objective on shares of Stifel Financial from $61.00 to $65.00 and gave the company a “market outperform” rating in a research note on Monday, April 8th. Finally, Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $62.67.

Shares of SF traded up $0.31 during trading hours on Friday, reaching $59.87. 299,637 shares of the stock traded hands, compared to its average volume of 406,772. The stock has a market cap of $4.24 billion, a P/E ratio of 11.34, a price-to-earnings-growth ratio of 1.76 and a beta of 1.84. 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 Corp has a 52 week low of $38.39 and a 52 week high of $60.25. The stock has a fifty day moving average price of $57.11.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.11. Stifel Financial had a net margin of 13.28% and a return on equity of 14.77%. The company had revenue of $770.40 million for the quarter, compared to analyst estimates of $745.21 million. During the same quarter in the previous year, the firm posted $1.15 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts expect that Stifel Financial Corp will post 5.68 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a $0.15 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.00%. Stifel Financial’s payout ratio is 11.36%.

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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