LSV Asset Management Sells 182,100 Shares of Stifel Financial Corp. (NYSE:SF)

LSV Asset Management decreased its position in Stifel Financial Corp. (NYSE:SF) by 9.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,742,700 shares of the financial services provider’s stock after selling 182,100 shares during the period. LSV Asset Management’s holdings in Stifel Financial were worth $120,508,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Amalgamated Bank lifted its holdings in Stifel Financial by 0.8% in the 4th quarter. Amalgamated Bank now owns 69,263 shares of the financial services provider’s stock worth $4,790,000 after buying an additional 529 shares during the period. Brandywine Oak Private Wealth LLC boosted its holdings in Stifel Financial by 21.6% in the fourth quarter. Brandywine Oak Private Wealth LLC now owns 60,043 shares of the financial services provider’s stock valued at $4,152,000 after acquiring an additional 10,678 shares in the last quarter. Van ECK Associates Corp increased its position in Stifel Financial by 32.5% during the 4th quarter. Van ECK Associates Corp now owns 25,699 shares of the financial services provider’s stock valued at $1,777,000 after purchasing an additional 6,306 shares during the period. Retirement Systems of Alabama raised its holdings in Stifel Financial by 4.8% in the 4th quarter. Retirement Systems of Alabama now owns 298,131 shares of the financial services provider’s stock worth $20,616,000 after purchasing an additional 13,728 shares in the last quarter. Finally, Meritage Portfolio Management raised its holdings in Stifel Financial by 48.3% in the 4th quarter. Meritage Portfolio Management now owns 6,779 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 2,207 shares in the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Stifel Financial news, Director David A. Peacock sold 13,000 shares of Stifel Financial stock in a transaction on 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 completion of the sale, the director now owns 18,646 shares of the company’s stock, valued at approximately $1,489,815.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Stifel Financial 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 transaction of $1,887,763.46. Following the transaction, the senior vice president now owns 90,055 shares in the company, valued at approximately $6,687,484.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David A. Peacock sold 13,000 shares of Stifel Financial 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 completion of the sale, the director now owns 18,646 shares of the company’s stock, valued at $1,489,815.40. The disclosure for this sale can be found here. Insiders sold a total of 74,421 shares of company stock worth $5,639,783 in the last three months. Insiders own 3.52% of the company’s stock.

Stifel Financial Stock Up 1.2 %

NYSE:SF traded up $0.94 during trading hours on Friday, reaching $81.77. 509,544 shares of the company traded hands, compared to its average volume of 607,984. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.35. The business’s 50-day moving average price is $76.43 and its two-hundred day moving average price is $70.10. Stifel Financial Corp. has a 1 year low of $54.81 and a 1 year high of $82.14. The stock has a market capitalization of $8.41 billion, a P/E ratio of 18.58 and a beta of 1.14.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.13). Stifel Financial had a return on equity of 12.39% and a net margin of 11.34%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Stifel Financial’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.40 EPS. Analysts predict that Stifel Financial Corp. will post 7.04 earnings per share for the current year.

Stifel Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.42 per share. The ex-dividend date was Thursday, February 29th. This represents a $1.68 annualized dividend and a dividend yield of 2.05%. This is an increase from Stifel Financial’s previous quarterly dividend of $0.36. Stifel Financial’s dividend payout ratio (DPR) is 38.18%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SF shares. UBS Group lifted their target price on shares of 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 issued a $88.00 target price on shares of Stifel Financial in a research report on Tuesday, April 9th. Citigroup lifted their price target on Stifel Financial from $74.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. StockNews.com upgraded Stifel Financial from a “buy” rating to a “strong-buy” rating in a report on Friday, April 26th. Finally, TD Cowen boosted their target price on shares of Stifel Financial from $86.50 to $92.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $84.50.

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.