Stifel Financial Corp. (NYSE:SF) shares dropped 6% on Tuesday . The company traded as low as $29.08 and last traded at $29.11, with a volume of 423,474 shares changing hands. The stock had previously closed at $30.97.

SF has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Stifel Financial Corp. from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Wednesday, June 8th. Nomura Holdings Inc. reduced their price objective on shares of Stifel Financial Corp. from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Friday, April 1st. Finally, Credit Suisse Group AG reiterated a “sell” rating on shares of Stifel Financial Corp. in a research note on Tuesday, May 10th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Stifel Financial Corp. presently has an average rating of “Hold” and an average target price of $39.25.

The stock has a market capitalization of $1.98 billion and a PE ratio of 30.43. The company’s 50-day moving average price is $34.88 and its 200-day moving average price is $33.28.

Stifel Financial Corp. (NYSE:SF) last posted its quarterly earnings results on Monday, May 9th. The financial services provider reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.06. The firm had revenue of $620 million for the quarter, compared to analysts’ expectations of $600.83 million. During the same quarter in the previous year, the company earned $0.65 EPS. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. Equities research analysts anticipate that Stifel Financial Corp. will post $2.50 earnings per share for the current fiscal year.

In other news, Vice Chairman Ben A. Plotkin sold 15,270 shares of the firm’s stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $36.69, for a total transaction of $560,256.30. Following the sale, the insider now directly owns 138,309 shares in the company, valued at approximately $5,074,557.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kelvin R. Westbrook sold 4,500 shares of the firm’s stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $37.50, for a total transaction of $168,750.00. Following the sale, the director now owns 8,509 shares in the company, valued at $319,087.50. The disclosure for this sale can be found here.

Several hedge funds have recently made changes to their positions in SF. Ameritas Investment Partners Inc. increased its stake in shares of Stifel Financial Corp. by 213.8% in the fourth quarter. Ameritas Investment Partners Inc. now owns 49,169 shares of the financial services provider’s stock valued at $2,083,000 after buying an additional 33,500 shares during the last quarter. Tributary Capital Management LLC increased its stake in shares of Stifel Financial Corp. by 3.5% in the fourth quarter. Tributary Capital Management LLC now owns 199,148 shares of the financial services provider’s stock valued at $8,436,000 after buying an additional 6,671 shares during the last quarter. Liberty Mutual Group Asset Management Inc. increased its stake in shares of Stifel Financial Corp. by 48.7% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 43,968 shares of the financial services provider’s stock valued at $1,863,000 after buying an additional 14,405 shares during the last quarter. State of Wisconsin Investment Board increased its stake in shares of Stifel Financial Corp. by 13.5% in the fourth quarter. State of Wisconsin Investment Board now owns 293,397 shares of the financial services provider’s stock valued at $12,428,000 after buying an additional 34,958 shares during the last quarter. Finally, OppenheimerFunds Inc. purchased a new stake in shares of Stifel Financial Corp. during the fourth quarter valued at approximately $9,130,000.

Stifel Financial Corp. is a financial holding company. The Company operates in three segments: Global Wealth Management, Institutional Group and Other. Global Wealth Management segment is engaged in the provision of Customer Financing and Asset Management, and operates Consolidated Stifel Branch System and Stifel Bank.

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